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KG Gauges Path to Crude Oil "Equilibrium" in Recent Price Plunge
Description
Crude oil is back to levels just above $80 after Iranian headlines pointed to the Strait of Hormuz being "completely open." However, Kevin Green notes conflicting headlines raising question marks for how it will affect energy prices ahead. KG explains that markets are currently experiencing a "negative correlation" environment and explains what a likely path to true equilibrium looks like. He later talks about the recent sector rotation and how moves today reflect strengthening market health.
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