Market is in similar situation as April: macro worry but Astra injected new life in the Ai trade
I don't think we will go up as much but we will see still significantly higher prices than now
What is tricky is are just going to do nothing until the fed meeting or are we going to pump and then dump
It's actually more of a this week question because regardless of what happens next week the path between cpi release and fomc will depend on CPI number
if 29780ish in NQ gets taken down I think we have a strong rally ensuing, but yes given current uncertainty might not be done until we get clarity on rates through CPI
Doesn't help that oil above 92$, from here things can accelerate to the upside rather violently
Trump will be like: you need to cut exports and do X Y Z.
XI: ok I will do that and triple crude purchase sending a barrel at 150$ before mid october, deal?
XI: ok I will do that and triple crude purchase sending a barrel at 150$ before mid october, deal?