.
Bears & bulls in $WTI $BRENT here's a list of catalysts that flip #oil markets green & RED in the next 90 days.
.
ON the - SIDE
=
. #FOMC rebooted recession narrative & risk, covid cases China, no #opec cuts, no #opec meeting until summer, recession narrative EU, bad economic data out of China, questions about long delays in China reopening, La Nina warmer winter, 2023 earnings & guidance as not great.
He was reading that #PPI has a LEVERAGE relationship with #CPI .
Meaning an increase in #PPI causes a larger increase in #CPI due to ( multiple supply chain steps ) & each stage " tacks on " its own price increase ?
True ?
.
.
So every stage , manufacturing , shipping , distribution , warehousing , wholesale , retail ... each stage in the supply chain ... adds a new cost as each STAGE demands a profit margin.
.
The net results being a small increase in #PPI ends up as a more sizeable increase in #CPI as 7 various companies helped bring that product to markets.
7 different companies all ADDED a new cost ABOVE the manufacturing costs ?