Want to create an interactive transcript for this episode?
Podcast: The Dividend Cafe
Episode: The DC Today - Wednesday, January 11, 2023
Description: Dow: +269 points (+0.81%)
S&P: +1.28%
Nasdaq: +1.76%
10-Year Treasury Yield: 3.54% (-7.6 basis points)
Top-performing sector: Real Estate (+3.60%)
Bottom-performing sector: Consumer Staples (+0.06%)
WTI Crude Oil: $77.71/barrel (+3.45%)
ASK DAVID
“The US government has stated that it will purchase crude oil to replenish the strategic reserve once the price hits $70. In effect, this seems to indicate that the government will purchase millions of barrels at $70.
Does this function as a price floor? And, if so, what impact does a government-created price floor have on markets?”
~ Keith
So just by way of clarification, they have indicated they want...