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Real Vision: Finance & Investing

Is Oil Forming a Bottom? w/ Tony Greer

Real Vision: Finance & Investing

Real Vision

Business, Business News, News, Investing

4.21K Ratings

🗓️ 15 May 2023

⏱️ 31 minutes

🧾️ Download transcript

Summary

Stocks start the week muted as commodities tick up on the back of a weaker dollar. Maggie Lake is joined by Tony Greer, editor of The Morning Navigator and founder of TG Macro, to discuss the recent action in energy markets, and precious metals, and how the debt ceiling stress and inflationary pressures are impacting the U.S. dollar. You can find more of Tony’s work here: https://tgmacro.substack.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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0:06.8

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0:22.1

And now to the top analysis of today's markets.

0:33.0

Is oil forming a bottom? Hi everyone. Welcome to the ReelVision daily briefing with me today's

0:37.5

Tony Greer editor of the morning navigator newsletter. Tony, it's great to see you.

0:42.4

And you, Maggie, how are you doing today?

0:43.9

I'm doing okay. A little allergies, but other than that doing pretty good.

0:48.0

Yeah, we were I sneezing right before I came on air everyone.

0:51.5

Tony and I were commiserating. That's what you have to do at this time of year on the East Coast

0:56.1

of the US. But we, you know, we're watching the markets and it was pretty quiet today, but we did

1:02.8

notice that oil prices finally started moving a little bit higher. But it seems that the market

1:08.7

is kind of bouncing between growth and supply concerns. I don't know. What are you what are you

1:12.6

thinking about oil these days? Oil, I've been flat for a long time. I've been flat for a couple

1:18.0

of months now and I'm in the spectators' seats just like everyone else at the moment.

1:23.7

You know, it hasn't been able to do anything technically exciting on the upside, you know,

1:29.0

in months now. You know, we had that a little bit of, you know, we had the little shake-up on the

1:33.8

OPEC price cuts that turned out to be, you know, we closed that gap that they gapped open from

1:41.0

and kept heading south. But that turned out to be very much a non-event in this sort of

1:46.4

tidal wave deflationary tape that we're pricing in right now. And so that's kind of how I'm

...

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