This morning (PST) markets seem to be mixed with Dow in the green, S&P fluctuating near flat neutral level and Nasdaq in the red. This is perhaps because of the news today that OPEC+ cutting oil production that has resulted in oil prices shooting up. That is obviously not good news for inflation control. While oil production cuts happen every now and then for different reasons (supply and demand being one of them), it remains to be seen if this is going to change the short-term narrative.
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