$90 oil and $9 nat gas - good morning Mr. Honey Badger!
The only sector with strong underlying fundamentals right now is energy. There is clearly a tremendous physical shortage of hydrocarbon molecules. We sit at a deficit of 350+ BCF in nat gas relative to five year average. And that is with Freeport LNG (1.5 BCF per day) being offline all summer. When that comes back in the late fall we are setting up for tremendous demand. I see $10+ nat gas from Nov-Apr but when reality sets in traders could move nat gas to incredulous pricing levels. Wild times.
Under the Radar