S4 E6: Ding Dong the Witch is Dead…NOT!

Send us Fan MailThe talking heads in the pop-media covering both the financial markets and political scene are CELEBRATING an (alleged) victory in the Iran War with the signing of the MOU and talking about Gasoline prices collapsing back to $2 a gallon.Politicians and market pundits are suggesting that the upside acceleration in Gasoline prices is DEAD…thus, the upside acceleration in US CPI/PCE/PPI inflation is also… DEAD.Yes, on social media and in the pop-financial and political rah-rah TV…the song rings out…Ding Dong the Witch is Dead!The Witch…being Iran’s sponsored terror…Iran’s nuclear program…and, thus…US inflation…ALL DEAD, right?Yeah, not so fast! The Strait is NOT free-and-clear, Iran just got 60 days to prolong the Uranium supply negotiations, the agreement states that the MOU could be extended INDEFINITLEY…and…the terms have already been VIOLATED. And EVEN if the War is OVER, and the Strait OPENED, the fundamental supply-demand situation in both Crude Oil and Gasoline REMAINS BULLISH…and is most likely to STAY that way through the summer and into the November US election period.Thus, as I stated previously, a decline in prices down to $65-$75 in WTI Crude Oil…and the $2.40-$2.60 level in Gasoline, would be viewed as a BUYING opportunity, particularly with LOW Open Interest in both contracts, removing the threat of a prolonged and deep price decline predicted by a massive liquidation of long positions.Moreover, the US PPI data offered EYE-POPPING levels of pipeline inflation in most sectors, particularly, again, SERVICES. This just days after the CPI data revealed ANOTHER upside acceleration in…Service CPI inflation!You NEED to HEAR these numbers! The Inflation Witch is not only NOT DEAD…she is STRONGER THAN EVER!Support the showhttps://twitter.com/money_podcastMoney, Markets & New Age Investing Podcast@money_podcasthttps://instagram.com/age_of_polarization_investingMoney, Markets & New Age Investing Podcasthttps://www.facebook.com/profile.php?id=100094931703462Money, Markets & New Age Investing Podcasthttps://www.youtube.com/@GregoryWeldonhttps://www.youtube.com/@MoneyMarketsNewAgeInvestingPodOur YouTube Channels