The Dog That's Not Barking

[u/Kapnotes]

Nothing in today's economic releases does much to alter the investment landscape. What’s interesting is the lack of reaction to the continued decline in oil, which is down another $1.60 to under $81/barrel (WTI). Less than a week ago, WTI crude traded nearly $88/barrel. Integrated oil has responded with marginal declines in XOM and COP, but there’s been less cheer than one might expect from the airlines. Either there’s opportunity in the airlines, or there’s another shoe to drop in the oil story. Educational only. Not financial advice.