Middle East Conflict

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Crude oil outlook remains bullish despite recent weakness

Crude oil outlook boosted above all by OPEC+ supply cuts/ Supply fears re Middle East could intensify again. Oil prices are demand inelastic, which means downside should be limited from fears about weakening global economy.

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S&P 500 outlook: Stocks face bumpy road as macro risks remain

US index futures retreated along with European indices in the first half of Tuesday’s session. Once again, the bulls were unable to charge higher, after global indices rose on Monday. While there is a chance we could still see the markets climb higher once US investors come to the fray, even then, I am not so sure we will see a long-lasting rally.

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