I find it interesting that when inflation was at its peak oil prices were part of the equation driving prices higher. But now we still have inflationary pressure but oil keeps dropping in price? Anyone can eli5 whether this is a bad sign or a good sign? If we were still headed towards a recession wouldnt oil be skyrocketing? I was thinking of buying more of the dow names because it seems like inflation will continue to stick for the majority of this year and things like healthcare and the oils did well under the fear of a recession. But I cant understand why oil prices keep tanking.
Leave a Reply