Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
The market for oil and energy stocks declined in reaction to the Israeli government’s assurances that it would not target Iran’s oil infrastructure in its military’s retaliatory response to Iran’s recent missile strikes. The Middle East conflict has made oil a political currency. Unsurprisingly, TotalEnergies (“TTE”) fell by 4.5 percent in European trading in response to macro and company-specific news.
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