Maleeha Bengali is CEO of MB Commodities Capital, based in London.
Recent Articles By The Author
Oil stocks are down about 25% and it is time to go long selective names -- like Permian producers with great pricing potential and strong balance sheets.
Clearly there will be some global demand issues, supply chain risks and sales slowdowns.
All stocks related to global economic growth, especially China, will get hit as expected demand is perceived to be hit.
The trade deal is done, with many loopholes, and Phase 2 won't proceed until after the election, so all eyes are now on the Fed FOMC meeting at the end of January.
Until the Fed stop non-QE QE, this market can and will continue grinding higher.