Saudi Arabia's Production Cuts, Tech's 6-Week Win Streak, and Split Market Positioning 6/05/23

The world's largest oil exporter, Saudi Arabia, will slash production by 1 million barrels per day starting next month. Kpler's Viktor Katona explains the impact on oil prices. Plus, tech continues to outperform the broader markets, with the Nasdaq notching its first 6-week win streak since 2020. Laffer Tengler Investments' Nancy Tengler and Arete Research's Rocco Strauss discuss the sector. And, split positioning within the markets shows just how fragile this year's rally may be. 248 Ventures' Lindsey Bell and CIC Wealth's Malcolm Ethridge weigh in on the trading week ahead.