Markets: Federal Reserve, Crude Oil

You look at the Fed minutes and it doesn't sound like a Fed that is getting ready to raise rates even though they're gonna do it. I mean they're talking about how much they're concerned and worried about the fact that inflation isn't high enough even though oil prices on Friday went above fifty nine dollars a barrel again, trading at almost a two-and-a-half year high.

Stock Market: The Trump Rally

Where Trump is is getting into trouble is by claiming that the stock market going up is no longer a bubble that now this is just a real bull market that reflects the improvement of the fundamentals since he's been elected.

That's not the case. This is simply more air into the same bubble and this bubble is going to burst and I think unfortunately now that Trump has branded it you know just like it was one of his buildings he's put the big Trump marker on it, when this thing pops it's he's gonna have to take the blame. (SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), SPDR Dow Jones Industrial Average ETF (DIA), iShares Russell 2000 Index ETF (IWM))

Oil Prices Are Moving Higher

Oil prices got above $58 a barrel for the first time in over two years, a very strong oil market and if you look at the chart if we get above 60 dollars, I mean that's kind of a long -term moving average on a monthly chart, 60 to 75 was a key high from about two and a half years ago, if we take that out we can have a quick move up .

Remember the move down, oil fell from a hundred down to under 30 in about six months and then it's been recovering slowly ever since but if we can break through decisively that sixty to seventy-five we're gonna move up.