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Wall Street’s pricing in a recession. But oil demand isn’t slowing down. I have 3 charts demonstrating just that.
The 4 epochs of finance can tell us a lot about where crypto will go from here.
Monday, a heat dome settled over the country shattering temperature records. But plants & house pets aren’t the only things experiencing exhaustion. That same day, the S&P 500 shed another 1.29%.
I’ll make my case in three charts.
With inflation at an all-time high, a catalyst is needed for the crypto market to finally experience the relief rally so many have been waiting for.
Companies know how to capitalize on our vices. Alcohol, junk food and tobacco are considered essentials, and of the S&P 500’s 11 sectors, consumer staples have performed best over the past 3 months.
The S&P 500 lost 20.6% in the first half of 2022, its worst start to ANY year since 1970 when the Beatles disbanded, Nixon was in office & the crew of Apollo 13 aborted their mission to the moon.
The Abu Dhabi National Oil Company owns almost all the oil in the UAE, produces over 4 million barrels per day and is the 12th-largest oil company in the world.
Recent pain in the crypto markets is hard to bare but ultimately should help clear out weak projects.
Many investors are worried the economy will shrink later this year or in early 2023. But what if we’re already in recession NOW?