HomeMarketsIndicesEnergy Stocks Trade Higher Amid Blockage At Suez Canal- Bob Iaccino Weighs In
Energy Stocks Trade Higher Amid Blockage At Suez Canal- Bob Iaccino Weighs In

Bob iaccino joins Oliver to discuss his bearish sentiment crude oil despite the recent daily rally. The weekly charts show large daily declines as of recent which is indicative of near term bearish sentiment. The Suez Canal blockage will eventually be resolved and the recent bump in oil prices is transitory. In terms of the market, the decline in small cap stocks along with big tech names indicates a problem with Covid re-closures and not due to the recent rise in interest rates.

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25 Mar 2021

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