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Showing posts with the label commodities

Are Central Banks on an end year pause with rates hikes as they bounce around with Dovish and Hawkish rhetoric? Inflation could become hyperinflation in 2023 with Central Bank's lack of guidance to the market. The Fed's terminal rate should be at 9%

China sends the oil price down below $100, remains bid above the $95 price support. The G7 want Russian oil caps to reduce what Russia earns on its oil. Says, that it will bring down inflation. It probably won't, but will have the opposite, driving prices higher. As a counter measure Putin could turn off the gas taps to Europe and drive up electricity costs globally.

Oil futures are now in a bear market, declined over 20%. The price is now showing up as a recession/stagnation based beatdown. Final price support at $94. OVX (oil volatility) is beginning to pick up.