Recap for the day on $USO $CL crude oil

Looks like the second instance of responsive buying activity to maybe give us a bottom around $72.50

This would be in line with returning correlation regimes between oil and $IVE / $IVW spreads (value vs growth)

Which are historically the pessimism / optimism gauges for $SPY $QQQ equities

If you read our newsletter this morning, then you understand the rotation out of $DXY dollars and $XLK large tech and into $TLT bonds is going to come soon ☕️
#USO #CL #IVE #IVW