Dow Higher After Oil Cuts Send Prices Soaring!
Thursday September 29, 2016
The Dow was lower on Yellen and Drahgi's comments in the first part of the session. However, no sooner had they finished, it was announced by OPEC there would substantial cuts in the production of oil. This sent the stock market moving sharply higher!
To add insult to injury for Obama, Congress passed the JASTA bill, paving the way for US victims to directly sue the Saudi government for their involvement in it. It's getting messy.
The link for the End of the Financial Road video is - https://www.youtube.com/watch?v=N9efbL5lwSg
See video below for a detailed report.