Let's look at whether we're seeing a bear market bounce and if money is still chasing too few assets, as well as what could trigger the 'Mother of All Squeezes.'
Investors are cheering the slowing pace of inflation's increase, but prices are still way up, which means the Fed is going to continue to take liquidity out of the system.
Let's check the charts to see where we can expect oil prices to flow.
Oil demand appears to be slipping as supply picks up, which indicates lower prices are ahead.
The commodity has fallen back into the pre-war trading pattern.
Let's check on gold and its move relative to the U.S. dollar.
It is important to note the strong position of the U.S. consumer.
Watch these key price levels.
Every media outlet has written about the 'rapid demand destruction in commodities' but they are missing a key conclusion.
Nobody thinks the euro can recover, but in the big picture, a $1.00 euro is probably as unsustainable as the $1.60 euro was in 2008.