Macro: It’s all about elections and keeping status quo
Markets are driven by election optimism, overshadowing growing debt and liquidity concerns. The 2024 elections loom large, but economic fundamentals and debt issues warrant cautious investment.
Head of Commodity Strategy
Summary: Brent crude oil trades back above $70/barrel for the first time in five months while WTI is attempting to re-enter the $65 to $75 range where it spend six months last year before the November to December collapse.