Florida's viral load is so great if it was a country the US would consider blocking travel there I know we all like to pretend Covid is over but that's the headline I woke up to, in Florida, this morning. And it's true.  People are starting to talk about who died from Covid in a way that didn't happen in the first few waves.  This is worse – it feels worse.  Even Oil Traders know it's worse as Oil ( /CL ) fell to $65 this weekend, back where we were at the start of the summer.  These are demand concerns – these are lockdown concerns – and the market is still ignoring them . Oil began falling long before the market last year as oil trader DO care about what's happening in India and China and Africa. Oil is a truly global commodity that is actually used and produced every day so any changes in demand (or supply) quickly ripple through the price structure.  Oil can be like a thread of a spider's web for the Global Economy, signaling us to danger as soon as it gets touched.   Warnings only work if you heed them so I would trade very carefully at the moment and make sure you are well-hedged.     IN PROGRESS