Why The Traffic Jam in the Suez Canal Hasn’t Had a Bigger Impact on Oil Prices; The Fallout From the Massive Margin Calls at Two Previously Unknown Hedge Funds; Chances President Biden’s Infrastructure Plan Will Get Support in Congress
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Top market watcher Clay Seigle of Vortexa discusses the impact the traffic jam in the Suez Canal caused by the massive cargo ship Ever Given is and will continue to have on global energy and shipping. Plus, what we’re learning about margin calls taking down two hedge funds, and the ripple effect on major global banks such as Credit Suisse and Nomura. And, political strategist Tina Fordham says the odds of President Biden accomplishing his goals, including a huge infrastructure plan, are growing by the day.