HomeLifestyleRetailJuly Personal Income Strong / Crude Oil (/CL) Inventory Low
July Personal Income Strong / Crude Oil (/CL) Inventory Low

The July Personal Income number came in higher than expected and would normally move the market, says Larry Shover of D. Alexander Capital. The market is awaiting Fed Chair Powell's speech. Larry discusses crude oil (/CL) and says the inventory is 5% below the seasonal average. Ben shows the spike in crude oil's chart. Larry says copper (/HG) was oversold and there are production problems in South America. He thinks consumer sentiment numbers are very important.

Futures

27 Aug 2021

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