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Unusual Whales Pod Ep 15: FOMC, 50bps, Powell, Inverted Yield and the Macro market heading into 2023

Unusual Whales

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Energy Oil Is in a Long Term Structural Bullish Position

Energy has provided a big negative covariance to the rest of the market you could argue that maybe it's too small to have that effect. I see some big headwinds is in the first half of 2023 where it take out that that last support strut of the overall market and it could herald a a return to ball. 2017 was the lowest realized volatility in history and it was a function of ball compression right It was also the lowest correlation of underlying constituents of the indexes in history by quite some.

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