MacroVoices #387 Jeff Snider: On Deflation and Soft Landing
Macro Voices
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The Bear Market Rally Continues to Hold
Oil was so bearish going into June and it really was trading along its all-time lows. This is the first sustained period above the 200-day moving average in a year. If we see generally a bullish behavior of dips being bought, this could be a base for oil to retest some third-quarter highs from 2022.
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