Comment on the January 23 prediction: We did get a hike as predicted. CORRECT.
Monday, February 8, 2016, 4:30PM: December 31 was not a good time to buy stocks, or oil. But gold has been on a tear higher, and the world economy remains unstable. In Japan, they now have negative interest rates. That means that they will pay you interest when you borrow money. Given the way wholesale gas prices have been falling, at what point does Speedway start to post negative gas prices? For every gallon you pump, we’ll give you a dollar! We’re a long, long way from that moment, but Chicago wholesale gas prices continued to fall today to levels not seen for years, to 56 cents a gallon. That corresponds to a retail price in the $1.10-$1.20 range. So, expect prices to keep falling! –EA