bearish
Steno Signals – Recession Time as a Chinese Reopening Is Not Bullish
514 Views10 Jan 2023 16:31
SUMMARY
- European inflation has peaked, but that doesn't mean that we have seen the peak hawkishness from the ECB yet.
- European core inflation has on the other hand not truly peaked, and everything points to a continued six-month lag pattern between U.S. and European core inflation
- A Chinese reopening is not necessarily bullish for oil. For one, Copper and Gasoline inventories started increasing during Q4 2022. The Chinese prepared for the opening and bought early.
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- Steno Signals – Recession Time as a Chinese Reopening Is Not Bullish10 Jan 2023
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