The Urea single handedly drives the dollar index with over a 50 % weigting in it. Oil has perpetually made higher lows despite all the dollar strength for the last two months. Floe patrick: There's plenty of reason to expect that oil will break to new hies and eventually take out the one 30, or whatever the number was when we first had the invasion of ukraine.
MacroVoices Erik Townsend and Patrick Ceresna welcome Gavekal co-founder Louis-Vincent Gave to the show. Louis has a different take on the impact of U.S. seizure of foreign-owned assets, and he also shares his outlook for bonds, the dollar, stocks, and precious metals. https://bit.ly/3G5dOmI
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