The View from 5th Avenue

The View from 5th Avenue – 18 November 2022

Winter is coming. Just ask your friends up in Buffalo, New York, as they dig themselves out of four feet of snow! But judging by oil futures, one would never know --- crude was down 1.75% on the day and ended the week down 10%. Energy is up 65% y/y, so conversations are beginning to rumble in regard to demand concerns, recessionary fears and hence, some cracks in the pavement for crude/energy.

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