The one positive thing people can always take away from black swan events like hurricanes and natural disasters is they provide us the opportunity to learn about markets.
The lesson Fortune Research Head Trader Matt Warder has learned over the years is the crude oil complex behaves in relatively predictable ways when hurricanes hit the Gulf of Mexico.
First, traders tend to go long crude oil and gasoline in advance of the storm.
And following this past Monday's lows in both the West Texas Index — or WTI, in parlance — and RBOB Gasoline futures, that's exactly what happened. |
0 Response to "Worried About the Environment? Feel Good Investing in These 2 Stocks"
Post a Comment