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26Feb2021 Pre-Market Commentary: Wall Street Futures Are Choppy As Stocks Try To Rebound, DOW Down 68 Points, Nasdaq Up +0.9%, US Dollar Improves 90.65, US Consumer Spending Climbs 2.4%


Airline stocks are the most overbought they ve been in years (SPY +0.3%). Rail week ending 13 February 2021 - a real bad week for rail.
Here is the current market situation from CNN Money
What Is Moving the Markets
Here are the headlines moving the markets.
How High Can Oil Really Go?
Oil price revisions started cautiously: some banks saw Brent crude averaging $65 a barrel this year, and others, of a bolder nature, predicted that the oil benchmark could climb to $65 a barrel. Just a couple of months ago, these forecasts sounded pretty optimistic for the environment, given the slow rollout of Covid-19 vaccines, the continuing excess supply of oil, and reports of coronavirus variants emerging in different parts of the world, threatening new infection waves. Now, banks and traders are talking about Brent at $100 a barrel. Of course, ....

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