bullish
The Commodity Report #60
SUMMARY
- The benchmark, CRB Commodity Index, ended the week 3,5% lower
- Things won’t get better and the current dump of energy products on the futures marketplace is in my opinion only a short-term phenomenon, caused by an ultra hawkish FED that will lead the economy into a recession and that probably with a hard and not a soft landing.
- Since the covid pandemic began and economies around the world started to go all in on renewable plans, not only production capacity was shut down but also refinery capacity
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