Oil: Gartman thinks oil has reached a Goldilocks period, boon for stocks and economy in general.
- US$37 oil is high enough to avert major bankruptcy, low enough to not be onerous to the consumer
- Also provides a reasonable contango. Frackers won’t be happy, but they’ll produce for that price.
- Gartman sees that equities will be free from oil’s grip, and equity drivers will be by other factors