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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (125122)	4/20/2022 2:39:10 PM
From: Goose94	Read Replies (1) \| Respond to of 203382

Crude Oil: We believe that a new commodity super cycle started in 2020 for energy, metals and grains due to underinvestment and the supply chain issues as we move from globalization to more local sourcing. The war in Ukraine and the COVID lockdown on the east coast of China are just adding to this significant economic reallocation. However, nothing goes upward in a straight line and the recent high inflation data means that central banks will try to cool inflation by tightening money liquidity and raising interest rates to induce a recession later this year. The general stock market is declining, led by the overvalued tech area (NASDAQ). We see the energy area following the general market lower as intermarket margin calls drag the sector downward despite the very strong fundamentals. This reminds us of the ebullient conditions of Q2/08 when the fundamentals were buoyant for the energy sector but the financial crisis hit. We see downside for the Dow Jones Industrials to the 24,000-25,000 area during Q3/22. Josef Schachter on BNN.ca Market Call Wednesday April 20th @ 1200ET