Saudi Arabia Faces 13-Yr Falling Resistance

Saudi Arabia Faces 13-Yr Falling Resistance

Below I plot the Tadawul Index – Saudi Arabia’s main equity index. Note that it has rallied up to test falling resistance off its 2006 and 2014 swing highs and that the former occurred 623 weeks ago. One of the…

War Machine

War Machine

Somebody is going to have to fire up the war machine to prevent deflation (crude) from accelerating (declining) in the near-term. ¬†Absent that, dramatic, near-term cuts in global oil output are needed. Per the below, the Tadawul, Saudi Arabia’s main…...

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