Oil has traded below $70 for large periods of the last five years. The Citigroup prediction is useless, but that's because such public predictions by large financial institutions are always useless (they aren't going to release valuable information for free), not because of the % drop. Implying that oil can't possibly drop 33% is even more stupid. Anything can happen as far as markets go. You're probably someone who reckoned in December that it was "ridiculous" to think that SPX would trade below 4000 in 2022.

Oil has traded below $70 for large periods of the last five years. The Citigroup prediction is useless, but that's because such public predictions by large financial institutions are always useless (they aren't going to release valuable information for free), not because of the % drop. Implying that oil can't possibly drop 33% is even more stupid. Anything can happen as far as markets go. You're probably someone who reckoned in December that SPX it was "ridiculous" to think that SPX would trade below 4000 in 2022.

Oil has traded below $70 for large periods of the last five years. The Citigroup prediction is useless, but that's because such public predictions by large financial institutions are always useless (they aren't going to release valuable information for free), not because of the % drop. Implying that oil can't possibly drop 33% is even more stupid. Anything can happen as far as markets go. You're probably someone who reckoned in December that SPX it was ridiculous to think that SPX would trade below 4000 in 2022.

Oil has traded below $70 for large periods of the last five years. The Citigroup prediction is useless, but that's because such public predictions by large financial institutions are always useless (they aren't going to release valuable information for free), not because of the % drop. Implying that oil can't possibly drop 33% is even more stupid. Anything can happen as far as markets go. You're probably someone who reckoned in December that SPX wouldn't go below 4000 in 2022.