The stock market is getting oil completely wrong. The market is rallying today because oil is down below $95, and so the institutional trader/investor/day trader hears the propaganda that this will help the consumer and help tame inflation; neither is true. The market is hooked on "free money", and oil coming down is more likely an anticipation of a severe global recession (which would reduce oil demand, and which for many people it's already a depression given how dire the situation is around the globe). The market has had no business being up in the stratosphere for the last couple of years, but endless market manipulation by Central Bankers and globalists who are addicted to 0% interest rates and easy accommodative monetary policy have set the tone for what's in store. The market has been coddled and pacified since the end of 2008, when the old system really died. We are at the tail end of the process playing out. Clearly, Russian and Chinese stock markets are the canaries in the global coal mine. The excesses and derivative leverage will unwind itself, sooner or later. Most of it has yet to be undone in the US and European markets, which will come someday soon enough!
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