Is it time to buy the chemical stocks again? Chakri Lokapriya answers
“The October retail sales in the US were really good. In a couple of days, the Black Friday Thanksgiving weekend is going to see really good retail sales, which means there is no recession anywhere in sight in the US and that means the Fed will again raise rates by another 75 bps.That raises the fear that it will lead to recession and therefore lower oil prices.”
