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Pausing. Not a lot of action in the u. S. Major averages. The nasdaq modestly higher. The dow and s p trading a little lower. They all opened up just slightly. The Energy Sector is weighing down markets. It will be interesting to see how the day trades at. As for two of the big laggers, boeing and nike. , while a downgrade boeing is lower after the president elect tweeted that costs are out of control for the new boeing air force 1. Cancel the order. Turning now to why the Energy Sector is the worst drag. Oil down for the first in five days after the opec supply cut last week. Out interestingly, after that deal was cut, news came today that production just hit a record for of 34. 6 one Million Barrels million 34. 61 barrels a day. Looking at g btv 399. In blue, the xop. In white, the uso, and oil etf. S have it appears investors would rather own Oil Companies rather than oil it self. Mark love that chart. I was going to do it myself. European equities rising a second consecutive day. T

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