Moses Sternstein's avatar
$20.4m follower assets
Commodities v. Equities
Equity investors are partying like there's a fed pivot, while commodity investors are running for the recession hills. I suppose both can be right in the sense that a recession will likely bring a pivot (eventually), but certainly not without some pain to the equity markets for a while. It seems more likely that one is much more right than the other. My bet is discounts are going to bring the shoppers back and there will be no pivot, whereas energy is still structurally under-supplied, so I expect neither a pivot nor an energy-killing recession.
Team equities (fed pivot) or Team sell everything (recession) or Team energy (no pivot or recession)
12%Pivot is coming!
50%Recession is coming!
37%Energy! No pivot or recession
8 VotesPoll ended on: 11/22/2022
Nathan Worden's avatar
Energy is looking more and more important, not just in the short term but for the next decade.