Скачать с ютуб We're Seeing Something We've Never Seen Before - Mike McGlone 2024 Recession в хорошем качестве

We're Seeing Something We've Never Seen Before - Mike McGlone 2024 Recession

We're Seeing Something We've Never Seen Before - Mike McGlone 2024 Recession Join this channel to get access to perks:    / @financeflowofficial   A new commodities boom is complicating central bankers’ anti-inflation efforts and may help derail prospects for significant interest-rate cuts any time soon. Gold and copper are up this year as oil gains on Mideast tensions. The crude oil markets have been very…interesting. Mike McGlone, Senior Commodities Strategist at Bloomberg Intelligence, delves into the commodities market's current dynamics. He examines the fluctuating oil prices, driven by tensions between Iran and Israel, and predicts a downward trend in WTI prices. Additionally, McGlone explores the economic variables at play and forecasts potential future movements in gold prices in light of central bank actions and inflationary forces. The dollar is moving sharply higher on foreign exchange markets. Changing monetary policy expectations and geopolitical tumult are ripping up expectations from earlier this year of the dollar easing amid a softening US economy and accommodation from the Federal Reserve. The US Dollar Index, which tracks the US Dollar against a basket of six major currencies, eases and gives up earlier gains. McGlone noted that a stronger dollar plays a pivotal role in influencing the bearish outlook for crude oil and most commodities, including gold. He pointed out that the driving force behind the dollar's strength since around 2011 has been the outperformance of the US stock market compared to global markets. Furthermore, McGlone compared China's situation to Japan and the Soviet Union in the 1990s, suggesting a potential reversion to severe deflationary forces. McGlone indicated that the Federal Reserve's rate hike expectations are diminishing, citing the need for more rationale for hiking rates when oil prices are elevated and the stock market is at peak levels. In Q1 2024, global stock markets recorded their best first-quarter performance in five years, buoyed by hopes of a soft economic landing in the US and enthusiasm about artificial intelligence. This global surge has been mainly helped by the US stock index, the S&P 500, which closed at a record high on 22 occasions during the last quarter. Oil prices are up around 16% this year, nearly 90 dollars a barrel, with supply worries high given escalating Middle East tensions. Investors are paying attention. This is a situation where many traders are willing to react to the latest headlines coming out of the Middle East. McGlone explored potential outcomes for crude oil, acknowledging that geopolitical tensions might trigger brief surges in prices but could lead to recession if prolonged. He highlighted historical instances where conflicts led to short-lived spikes in oil prices, eventually followed by substantial declines. Share this video with a friend if you found it useful! Consider subscribing to the channel for videos about investing, business, stock market, managing money, building wealth, passive income, and other finance-related content! -------------------------------------------------- 🎥 We own commercial licenses for all the content used in this video except parts about the topic that have been used under fair use and it was fully edited by us. For any concerns, business inquiries, etc. please contact us via email in the “About” section of the channel. Some links above are affiliate links. Anything displayed on this channel should not be seen as financial advice. Each person has a unique experience, and there is no guarantee of future profitability or success. #economy #stocks #gold #silver #investment #financialanalysis #stockmarket #mikemcglone