Oil conspiracy!

Plus, that's a lot of Yen!

Friday, May 31st ____________________________________________________ “We live in a collective adrenaline rush, a world of endless promotional/commercial bullshit, that masks a deep systemic emptiness, the spiritual equivalent of asthma.” — Morris Berman   ____________________________________________________ ---------- Markets Today ----------   🌏 Asia-Pacific: Down 🇪🇺 Europe: Up 🇺🇸 United States: Down 🛢️Oil: Down ⚡Crypto: Down   ------- Major Market Events -------   • Oil conspiracy! The real reason oil prices are high (link)    • Factories slump: New data shows a slip in manufacturing activity (link)   • That's a lot of Yen: The scale of Japan's currency intervention last month was absurd (link)​ 🤔 My Thoughts   Core price inflation data was released today. It landed at 2.8%, which was exactly in line with expectations. That might sound good, but it's not. Inflation is still in line with the Fed's targets. Which means higher for longer is here to stay. Meanwhile, manufacturing activity is plummeting. The Chicago PMI data was far below expectations. Combine that with the sub 25 GDP growth and you have yourself a nice little economic boondoggle. Strap in, it's going to get wild over the next 12 months.  To Better Trading,  Alex Reid Founder, Wealthpin    WealthPin

Friday, May 31st   ____________________________________________________ “We live in a collective adrenaline rush, a world of endless promotional/commercial bullshit, that masks a deep systemic emptiness, the spiritual equivalent of asthma.”   — Morris Berman   ____________________________________________________ ---------- Markets Today ----------   🌏 Asia-Pacific: Down 🇪🇺 Europe: Up 🇺🇸 United States: Down 🛢️Oil: Down ⚡Crypto: Down   ------- Major Market Events -------   Oil conspiracy! The real reason oil prices are high (link)    Factories slump: New data shows a slip in manufacturing activity (link)   That's a lot of Yen: The scale of Japan's currency intervention last month was absurd (link)​ 🤔 My Thoughts   Core price inflation data was released today. It landed at 2.8%, which was exactly in line with expectations. That might sound good, but it's not. Inflation is still in line with the Fed's targets. Which means higher for longer is here to stay.   Meanwhile, manufacturing activity is plummeting. The Chicago PMI data was far below expectations. Combine that with the sub 25 GDP growth and you have yourself a nice little economic boondoggle. Strap in, it's going to get wild over the next 12 months.  To Better Trading,    Alex Reid Founder, Wealthpin  WealthPin

A Wealthpin Publication ABOUT US: Wealthpin is a publishing and education company. We believe that the best manager of your money is YOU and we want to give you great research to help you do that. Our goal is to uncover cutting-edge investment ideas and share them with you in a way that’s clear and useful.  Our  investment research is typically focused on undervalued stocks, high dividends and major growth potential. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Wealthpin  are for your informational purposes only. Neither Wealthpin  nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Wealthpin is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit https://wealthpin.com/terms-of-use/ for our full Terms and Conditions. Unsubscribe This email was sent to edwardlorilla1986.paxforex@blogger.com by Wealthpin 101 Marketside Ave, STE 404, PMB 318 | Ponte Vedra | FL | 32081 WealthPin

A Wealthpin Publication   ABOUT US: Wealthpin is a publishing and education company. We believe that the best manager of your money is YOU and we want to give you great research to help you do that. Our goal is to uncover cutting-edge investment ideas and share them with you in a way that’s clear and useful.  Our  investment research is typically focused on undervalued stocks, high dividends and major growth potential.   DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Wealthpin  are for your informational purposes only. Neither Wealthpin  nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk.   DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Wealthpin is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit https://wealthpin.com/terms-of-use/ for our full Terms and Conditions.   Unsubscribe This email was sent to edwardlorilla1986.paxforex@blogger.com by Wealthpin 101 Marketside Ave, STE 404, PMB 318 | Ponte Vedra | FL | 32081 WealthPin