Self explanatory chart: Markets are not only grossly over looking stagflation (no recession) in the coming quarters, but also a full scale war between Hezbollah and Israel. Oil is bid over $78, after its recent selloff.

* U.S. GDP:  Q1 2024 (2nd) +1.3%, Q4 2023 +3.4% - BEA

* Oil settles up on Mideast tension, gains curbed as interest rate cuts pushed back - Reuters.  

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All oil market analysis and commentary on CHIASMUS, please refer: chiasmusmagazine.blogspot.com/search/label/oil%20price