It has gotten so bad that experts are now giving up. CNN reported that Natasha Kaneva, JPMorgan’s head of global commodities strategy, has stopped guessing. “For the first time since the start of the Iran conflict, we don’t have a baseline view,” Kaneva admitted two weeks ago in an advisory to investors. “We simply don’t know how to model the endgame.”

In other words, we’ve been so badly wrong so many times that we’re just going to shut up now.

JEFF CHILDERS

https://www.coffeeandcovid.com/p/let-the-mystery-be-friday-october?