Oil just crashed harder than my last 5x leverage play.
$CL
Guys, $77 a barrel? That’s basically the price of a fancy dinner and a movie now. I can’t lie, every time oil tanks this fast, my brain goes straight to "global recession" mode, but my greedy little heart whispers "cheaper gas and maybe a rate cut."
But be real with me.. is this bearish for everything because demand is dead, or is this actually bullish for risk assets because inflation is finally cooling?$BZ
$CL
Guys, $77 a barrel? That’s basically the price of a fancy dinner and a movie now. I can’t lie, every time oil tanks this fast, my brain goes straight to "global recession" mode, but my greedy little heart whispers "cheaper gas and maybe a rate cut."
But be real with me.. is this bearish for everything because demand is dead, or is this actually bullish for risk assets because inflation is finally cooling?$BZ