Trade IdeaPunk Rock WeeklyFri October 4, 2024Let’s Short OilThe nonfarm payrolls report revealed a stronger-than-expected US economy, adding 254,000 jobs in September. Service sectors like Leisure and Hospitality showed resilience, while inflation fears and rising oil prices due to Middle East tensions raised concerns. Despite this, equity markets rallied, showing confidence. With oil prices likely overreacting to geopolitical risks, shorting oil could be a smart contrarian trade.