WTI crude reached a high of USD130.50 in Mar 2022 after the Russia- Ukraine war started. Then it fell to a low of USD64.12 on the back of the banking crisis and recession fear about 2 weeks ago. That's a fall of 50.9%. It's the surest sign that the oil market is factoring in a recession.
In 2023, the Nasdaq had its best January opening since 2001 with a 10.7% gain. That's after plunging 33.1% in 2022. In 2001, there were 4 occasions (monthly gains of 10%...