It's so amazing how fast sentiment shifts, the economic slowdown fears are winning the narrative.
The risks are skewed to the upside through the end of the year.
It's not that bad out there. It doesn't warrant a 20 % decline.
We have a difficult time seeing how opec would in any way be swayed here in terms of changing course, in terms of policy.
The sheer scale of the move is triggering unpleasant memories of 2014 and 2015.
