1 - Overbought mania
Let's start with a simplistic price momentum observation. Oil RSI is getting rather extreme, but as regular readers of TME know, overbought can stay overbought for longer than most think possible...
Source: Refinitiv
2 - Oil of course also the star in commodities
Source: Goldman
3 - What's the probability of >$90?
Source: Goldman
4 - Many things have lagged
Source: Datastream
5 - Equities lagging
Source: JPM equity strategy
6 - Equities care less than normal
Source: Goldman
7 - Late cycle performer
Source: Morgan Stanley
8 - Hedge funds on the sidelines, computers not
Source: MS PB
Source: Deutsche Bank
9 - Here comes the positive earnings revisions
Source: Morgan Stanley
10 - Oil and inflation
Source: MS
