Retail Sales Still In The Green

By |2018-07-16T12:01:24-04:00July 16th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

It would be easier if we could just know the right amount of oil futures backwardation. The literal answer for the question of what’s the correct level is the curve’s shape at any given moment in time. That’s a little too close to the theory of perfectly efficient markets for me. Whatever it may be, or could be, the WTI [...]