ValueWalk – The bottom in oil prices could be found once OPEC gets it act together, while the report warns investors to tread cautiously as third quarter numbers are released.
As analysts scratch their head in regards to triggers for the recent collapse of the stock market and often separately consider why the oil market is flirting with a break into the $70 range, Sterne Agee analysts have an explanation for both. The cause? The rumor regarding one particular macro hedge fund relative value trade, says the report’s authors Tim Rezvan and Truman Hobbs. And it’s logical.
