RE: City forecasts for British Airways owner IAG cut 'significantly' after string of cancellations and s24 Apr 2022 17:38
Quote from Macro investor Raoul Pal on oil, pointing to near term collapse in economic growth stateside as a catalyst etc...
"The thing Ive got my eye on for that, is oil...this pattern could be a wedge but I think its more likely to resolve as a GMI Crash Pattern, bringing oil back down to $70 to $80"
He has absolutely nothing to do with airlines or oilers FYI. Hope he's right