Oil spiked to $110/barrel on the WTI front month futures contract this afternoon, a $20 jump up from Friday. At this pace we'll be at $150 a barrel in a week or two. If oil infrastructure keeps getting hit, even if the strait of hormuz is reopened, it'll take a long time to recover from. That's on top of the continued call for regressive tariffs and a weakening labor market. I think we're heading for a recession unless things turn around quickly, which I'm not seeing any indication of.
I'm curious if we'll get TACO Trump, or if he'll double down on this?
I'm curious if we'll get TACO Trump, or if he'll double down on this?