Premium to Humility (guest: Neil Azous)
The Market Huddle
00:00
The Oil Drop: A Recession Trade
I don't think this is going to be an easy trade and I don't think it's going to go straight up in a straight line. When is trading ever easy, Patrick? Never. But there wasn't any crazy news. It was just a reaction to the idea that the economic slowdown was going to be real. The CFTC numbers show like 40,000 or 50,000 contracts sold. They're all leaning into it. And I think when if you're trying to place a recession trade, this is the way to do it.
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