Doesn’t it get a little tiresome as oil producers drop more hints about an oil production freeze? It does for me.
This time it was a hint from Iraq they’d be willing to discuss a freeze with their OPEC partners.
That said oil prices rallied pushing stocks once again higher to reattach one with the other. It gets boring after a while that bulls would get sucked in to this BS.
Nevertheless, markets caught a bid and rallied to erase losses but left markets mostly flat on the day.
Following on crummy earnings from Macy’s yesterday, Nordstrom’s reported earnings weak after the close slamming the stock over 16%. What did