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Oil Prices Are Maccnomically Relevant
If oil prices spike further from here, that is one in which you will see more consum spending be dedicated to words price of the pump food. These are the areas where e seem like a if wou take commodity price spikes in general, but at inelastic sectors. And so non discretionary, that takes away demand from discretionary sectors. All else equal, consumer discretionary sectors is where the's actualy, a lot of labor that's tied to it.