Oil Screams Recession as Stocks Rally. Are They Both Wrong?

Oil has had a major technical breakdown as shipping data out of China shows global demand on the brink of collapse. Meanwhile the Dow Jones Industrial Average is up 17% off it's lows after a monster bear market rally. So which is right? If oil markets are right then stocks are about to crash. If stocks are right then oil is about to rally. But what if they're both wrong and we could be on the verge of a stagflationary nightmare with crashing stock prices AND more expensive oil?

Chapters:
0:00 Intro
0:23 Oil's Fugly Chart
1:25 Freight Rates from China Collapse
3:20 The Dow's Monster Rally
4:17 Money Managers Call for Double Digit Gains for Stocks
5:00 These Two Narratives Are Opposite Each Other
6:36 What if They're Both Wrong?
8:37 Long Story Short

Support the Channel on Patreon: https://www.patreon.com/NobodySpecialFinance
Join My Discord for More Discussion, Q&A, and News: https://discord.gg/njvf3DPPrF

Affiliate Links:

Use this link to get $10 in free Bitcoin with Swan: https://www.swanbitcoin.com/NobodySpecial/

The Ledger Nano X: My favorite Hardware Wallet for Cold Storage of Crypto Assets: https://shop.ledger.com/?r=23974ce6def9

Recommended reading (Amazon Affiliate links):
Rich Dad Poor Dad by Robert Kiyosaki: https://amzn.to/3rJvA7Y

Follow me on Twitter: https://twitter.com/JG_Nuke
Follow me on Gettr: https://gettr.com/user/nobody_special_
Follow me on Gab: https://gab.com/NobodySpecialFinance
Follow me on Reddit: https://www.reddit.com/user/JG-NUKE

#oil #stockmarket #stagflation #MelonHead