The new narrative is that the Fed is done raising rates, so, in this week’s edition of StockCharts TV‘s Halftime, Pete shows you a correlation of two things to pay attention to to know the Fed’s next move. He takes a look at the oil and energy markets, and later reviews the energy index and the 3 ETFs in the energy sector to watch, all of which have turned bullish recently. The USD has had a recent move up, but it doesn’t fit with the Fed cutting rates. Pete charts the dollar in an unorthodox way to see two trends occurring at once.
This video originally premiered on August 14, 2023. Click on the above image to watch on our dedicated Halftime by Chaikin Analytics page on StockCharts TV, or click this link to watch on YouTube.
You can view all previously recorded episodes of Halftime by Chaikin Analytics with Pete Carmasino at this link.