Don’t trade the headlines, once again !

Once again, my reminder to clients is not to trade the headlines.

Crude Oil spurts 5-7% higher in the past 7 days over some mob in Yemen not many have heard of until the media helps many become familiar with their name, cause or associations, now badgering ships passing through the Red Sea.

Spare me !

The global powers with economic interests will put a stop to it and the companies with a commercial interests will simply cease putting cargoes at risk.

It is at one’s perils if you have gone long Oil and short Shipping, based purely on this headline.

December 20, 2023

by Rob Zdravevski

rob@karriasset.com.au