April 6, 2023

MarketMap™ 2023 Issue #8

The Time Element

Bulls reply to my bullish post on oil and inflation saying, “Up is good.” I’m not sure why “up” is inherently good, but they may think inflation reflects a growing economy. However, too many factors suggest new all-time highs for oil this year. A situation that will force rates higher again, which is bearish overall.

MarketMap™ 2023 Crude Oil (click to enlarge)

Here is a map of commodity prices for 2023. It suggests that along with Oil a higher low is expected on this dip into 4/11/23 +/- 3 days for inflation assets.

From that point, they should experience a bull run into late summer.

The financial news media has noted that based on the price of petrol at the pump it was going to be difficult for the FRB to pivot.

Pre-order your maps for 2024 today with extras

Get next year’s road maps like the crude oils for stock averages, interest rates and gold plus over the next four months of MarketMap™ 2023 and Volatility Reports.

This work by Jack Cahn is licensed under a Creative Commons Attribution-NonCommercial 4.0 International