MacroVoices #403 Daniel Lacalle: EU Economic Outlook, Inflation, Monetary Aggregates, Energy and Much More
Macro Voices
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Current State of the Crude Oil Market and Potential Retesting of Support Line
The hosts discuss the current situation in the oil market, including the absence of EIA inventory data and the significant crude oil build reported by the API. They express concerns about OPEC plus not cutting production despite geopolitical risks and discuss the potential impact of news on the Israel-Gaza conflict. Additionally, they transition to discussing expected moves in the S&P 500 and predict a possible pullback before a year-end rally.
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