U.S. markets closed
  • S&P 500

    4,122.47
    -17.59 (-0.42%)
     
  • Dow 30

    32,774.41
    -58.13 (-0.18%)
     
  • Nasdaq

    12,493.93
    -150.53 (-1.19%)
     
  • Russell 2000

    1,912.89
    -28.31 (-1.46%)
     
  • Crude Oil

    90.58
    +0.08 (+0.09%)
     
  • Gold

    1,809.90
    -2.40 (-0.13%)
     
  • Silver

    20.49
    +0.01 (+0.04%)
     
  • EUR/USD

    1.0212
    -0.0005 (-0.05%)
     
  • 10-Yr Bond

    2.7970
    +0.0320 (+1.16%)
     
  • GBP/USD

    1.2076
    -0.0000 (-0.00%)
     
  • USD/JPY

    135.1600
    +0.0440 (+0.03%)
     
  • BTC-USD

    23,216.66
    -675.90 (-2.83%)
     
  • CMC Crypto 200

    537.23
    -20.12 (-3.61%)
     
  • FTSE 100

    7,488.15
    +5.78 (+0.08%)
     
  • Nikkei 225

    27,999.96
    -249.28 (-0.88%)
     

A Tale of a Textbook Turnaround Setup

In his most recent newsletter, Tony Greer of TG Macro wrote, “The setup for oil bulls on this gorgeous summer Friday morning is not to be believed. Stocks and commodities just spent the last quarter hemorrhaging in historic proportions, and now we’ve got a textbook turnaround setup…” Well, stocks are ripping today, and WTI crude oil is back above $104 per barrel, even as residential-starts data suggest the U.S. housing market is cooling and Apple announced plans to slow hiring and spending. Gasoline prices have fallen to two-month lows a week ahead of the next Federal Open Market Committee meeting, where the central bank is expected to announce another inflation-fighting 75-basis-point rate hike. Tony’s here to talk about all that and more with Real Vision’s Maggie Lake. We also hear from Chen Zhao about the coming “run of the mill” recession and how it differs from prior crisis-driven downturns. Watch the entire interview featuring Chen Zhao and Marko Papic here: https://rvtv.io/3aLSmrD.