It’s going to be a wild few months DC, especially with mid term...

It’s going to be a wild few months DC, especially with mid term elections as the centre stage. Next weeks inflation data may be pretty expected and not too bad since oil prices were fairly average lately.
However, now moving forward it’s a totally different story with OPEC clearly wanting to cut production into the millions of barrels each day, so it should get over $100usd again in the near future. Especially if China come out of lockdowns soon. At over $100usd oil, inflation surges again imo since it has a flow on effect to everything!
This weeks job ads are dire. Not as many jobs available is obviously a sign that the unemployment rate will increase. Very normal though, as I have said previously coming out of the northern hemisphere summer, the US will start to unravel. Jobs data was the one positive area the US government had to talk about in relation to the economy and now that rhetoric will start to shift as the numbers get worse.
Plus the Ukraine conflict looks like it’s picking up pace and will be prolonged well into their winters with Russia wanting the upper hand in the worsening conditions.
It won’t be a good end to 2022 imo. The market still has a long way to drop imo.