Jason talks about an interesting chart from global macro hedge fund Crescat Capital about the divergence between precious metals stocks and oil since 1983 and what it might mean for US stocks and also the oil market. Also, many US shale oil producers had really bad Q2 2019 earnings including Concho Resources (NYSE: CXO). Is a larger US shale oil bust coming soon?
Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason's work at his blog website at www.jasonburack.com.