Gold the doomsday hedge and oil the inflation hedge are rallying. HAs inflation abated? And the tragedy of the Ukraine Russian war. No end in sight.

This is an interesting chart showing both the doomsday hedge gold (yellow line) and the inflation hedge oil (dark grey) now rallying in tandem, as the CPI came in lower than expectation/s, thus markets rallied on the hope that the Federal Reserve has achieved their objective in crimping inflation or as Wall Street would like; rate cuts.  Those days of lower rates ad infinitum have ended, but habitual greed which manifested from the early to mid 2000's, continues to hold a transfixion.    I would argue the real success story here in this inflation 'battle' was President Biden's massive SPR release throughout 2022, which sent the oil price to its December 2022 lows at $70 from highs of $116.  Contributing to the drop in the oil price was the Russian oil cap and the unseasonably warmer weather throughout the Northern Hemisphere.  Energy inflation effects everything.   

Yet, inflation is still at twenty year highs.  The market like those over hyped Chatbots, is running ahead of its self.

Doomsday hedge (Gold) is of course the tragedy of the Ukraine Russian war, with armchair strategists (mostly on Youtube) throwing their two cents on on how this will play out, like some hyperreal video game.  The reality: is the loss of life has been phenomenal on both sides, as is the sheer brutality of the conflict and the hardship the Ukrainian people are enduring.    There seems to be no end.  Which looks more and more likely to be a war between NATO and Russia.  And if that becomes a finality, we are all going to be affected by this escalating conflict.

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Be at peace.

All market commentary:  chiasmusmagazine.blogspot.com/search/label/markets