Comments come from Mark Fisher, founder and CEO of MBF Clearing Corp., a large futures commission merchant (FCM)
He was interviewed on CBNC on Thursday.
- “There used to be the Greenspan put to the equity markets. I think there’s a Saudi puts in the energy markets, to some degree,”
- adding that the floor could be around $75 top $80 a barrel
Crude-oil prices could rise above $100 a barrel due to global supply shortages
when it appeared the Federal Reserve was ready to backstop equities on signs of weakness by cutting interest rates, the so-called “Greenspan put.”
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A Futures Commission Merchant (FCM)] is an individual or organization that does both of the following:
- Solicits or accepts orders to buy or sell futures contracts or options on futures,
- and
Accepts money or other assets from customers to support such orders.
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As for the “Greenspan put”, this refers to perceptions that the Federal Reserve was ready to backstop equities on signs of weakness by cutting interest rates.
Crude Oil