MacroVoices #375 Mike Green: Banking Crisis, Debt Ceiling, De-dollarization and more
Macro Voices
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The Reflexive Snapback Rally on Crude Oil
Crude oil broke violently through this trade range, and now we've seen the reflexive snapback rally. We want to see prices back in the mid-70s toward 80 and really just calm everything down. A failure at this level, I'll have to agree with you, is a vulnerable moment. But right now, again, I think short term, perhaps a little bit more bullish activity, but medium to longer term, I'm quite bearish.
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