The Macro Trading Floor cover image

Here Is Why Markets Are Rallying

The Macro Trading Floor

CHAPTER

The European Central Bank Hitting Rates While the Federal Reserve Cuts Early Into H2

The shape of the commodity curve in futures terms is not necessarily a reflection of price expectations down the road. It's rather a reflection of how cheap or expensive it should be to bid storage into today. So that's just a reflection of why oil can rally despite potential expectations among the same traders that demand could be lower in six months.

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