Postcards: The Only Voice That Matters This Week

Yes, the Federal Reserve has a large number of speakers this week. Ignore them, and focus on a meeting far to the east of Washington D.C.

Dear Fellow Expat:

Two weeks ago, I wrote my most important column of the year.

I didn’t think much about it then.

I suggested that oil stocks might sell off due to overbought conditions.

And then… it happened today.

Everyone is clinging to the Fed speeches this week.

What will they say about interest rates?

What will they say about the economy?

Will they tank the market?

I’m here to tell you that the most important voice for the market this week isn’t on American shores.

It will come on Wednesday… and this voice will determine whether the market rebounds in October… or the S&P 500 could collapse to 4,100 by October 15.

Energy Stocks on the Brink?

Did you notice anything about the energy sector today?

Anything?

The energy sector dropped 2.15% today… confounding most people across the financial markets. West Texas Intermediate crude slumped 2.3%, while Brent crude slipped nearly 2%.