Energy clearly points towards recession and disinflation
Baltic Dry Index back to 2020 levels
Oil and gas prices back to early 2022 levels
Oil futures in contango - meaning later deliveries are preferred over spot, i.e., no appetite for energy, production and recession fears
Read: slow growth,, higher unemployment, lower CPI, and Fed pivot
Baltic Dry Index back to 2020 levels
Oil and gas prices back to early 2022 levels
Oil futures in contango - meaning later deliveries are preferred over spot, i.e., no appetite for energy, production and recession fears
Read: slow growth,, higher unemployment, lower CPI, and Fed pivot
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As everyone is anxiously waiting for the Fed easing the monetary policy, this chart wonderfully establishes that rate cuts have not been historically a good sign for markets. Economy does not follow the Fed; rather Fed follows the economy.