|Day Low/High||191.93 / 193.76|
|52 Wk Low/High||123.24 / 217.31|
The U.S. economy may see a real lift-off in consumer prices due to higher energy prices, even if certain sectors stand to benefit greatly -- as might the trade deficit.
That the market didn't plummet following the strikes on Saudi oil facilities shows big differences in our economy and reliance on foreign oil compared with just a decade ago.
Algorithmic traders, along with the Chinese and the Saudis, will feel the outcome of the oil attacks.
These stocks and sectors are safe havens, and may even be opportunities.
Military contractor could rally higher, but the 'shake out' in early July gives reason to be cautious and longs should consider raising sell stops to a close below $185.