Muted trading volumes across many financial assets on Monday and the dollar rising to a three-week high underscored investor caution against making big bets in the face of geopolitical tensions in the Middle East and the Korean peninsula.
There were a lot of reasons given for the drop; some of it was bad fundamentals as profits for industry fell 4.6% in October against the prior October, but also people seem to be concerned about the crackdown on the financial industry.
Oil rises as Ramadi falls as this markets price action continues to defy the calls for an oil price crash. ISIS forced Iraqi security forces to flee the largest province in Iraq despite help from U.S. air support.
Predicting and diagnosing the oil trajectory is a hot topic right now, but market indicators needed to make an accurate guess just aren't available right now.
