Oil and S&P500 and recession
The past couple of recessions have been preceded by a 24 month 200% run up in Crude Oil. I am Not using the covid crash low but the recovery low from Nov 2020 for showing Crudes 200% (+) gain so far. I fear the Soaring energy could continue for a bit yet and couple that with other commodity prices soaring it will be a hard road for our economy going forward. Food and Fuel may continue to rally until forward demand is killed. I am afraid that killing oils demand will only come from a halted economy.
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