Quarterly Outlook
Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?
John J. Hardy
Chief Macro Strategist
Head of Commodity Strategy
Summary: Trying to make a short-term prediction for crude oil at this stage is close to impossible. Increasingly supportive supply fundamentals have been countered by a deteriorating technical chart setup and the US-China trade related weakness. But with geopolitical and supply risks continuing to build it will take a very brave soul to go outright short the market now.
Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?
China Outlook: The choice between retaliation or de-escalation
Commodity Outlook: A bumpy road ahead calls for diversification