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Otavio (Tavi) Costa
Two extremes. Energy high-yield credit spreads just reached record levels while WTI prices are at 18-year lows. Previous divergences marked major turns in oil. Oil could be in the process of bottoming.
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sports. sarcasm. steaks. Mar 30
Replying to @TaviCosta
Agreed
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jml Mar 31
Replying to @TaviCosta
I went long 3 oil names yesterday without. Not sure what is true about oil price. A sound debate can be made for both scenarios. Xle has strength and all oil names are at lifetime lows.Putin and Trump talking about oil price helps I think. Low oil wil be more harmful.
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The Constipated Trader Mar 30
Replying to @TaviCosta
It was today.
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Midwestern Hedgie Mar 30
Replying to @TaviCosta
that might be a something but it's not a "divergence"
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AM Apr 1
It's extreme fear.
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Control Alt Delete Mar 30
Replying to @TaviCosta
We are in an unprecedented oil demand crisis. Oil may be bottoming, but credit spreads will worsen. We haven't had a major bankruptcy or the string of not-so-major bankruptcies that will come. The virus effect on behavior (demand) will be deep and enduring.
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ChrisM Mar 30
My family had not bought gas in 2 weeks and will not need to for another month. Stay at home = no demand at pump at least through April.
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Marc Kozberg Mar 30
Replying to @TaviCosta
I agree 100 percent. 100 out of 100 are bearish
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Bruno Paganini de Oliveira Mar 30
Replying to @TaviCosta @v__m__
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Balanced_Focus Mar 30
Replying to @TaviCosta
How do you factor in unprecedented oil vol? Not sure long oil is anything more than a small counter trend speculative bet at this point.
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