šÆ Crude oil surged sharply past $91, inflation is back
š° Brent crude rose 3% and broke above $91; WTI broke above $84. Gold price is at $4413 and hovering near the highs. Commodities are all charging higherāby inflation again
š¬ Money is flowing into tangible hard assets, but the big cakeāUS stocksādoesnāt follow the rise. With high inflation, risk assets are still relatively cautious. Donāt expect a quick surge in the short termāwatch the oil price; if it needs to pull back, then pull back
š·ļø #åę²¹ #大å®åå #éč #蓵éå±
š° Brent crude rose 3% and broke above $91; WTI broke above $84. Gold price is at $4413 and hovering near the highs. Commodities are all charging higherāby inflation again
š¬ Money is flowing into tangible hard assets, but the big cakeāUS stocksādoesnāt follow the rise. With high inflation, risk assets are still relatively cautious. Donāt expect a quick surge in the short termāwatch the oil price; if it needs to pull back, then pull back
š·ļø #åę²¹ #大å®åå #éč #蓵éå±