....Major US indices were buoyed by tech stock recovery at the...

....Major US indices were buoyed by tech stock recovery at the close but Energy and Materials were hit by increasing prospect of US recession.

....XLE was -2.7% down, Exxon -2.56%, Chevron -2.36%, Occidental -2.33%
....Lithium stocks: ALB -1.53%, SQM -2.17%, LAC -1.72%
....Copper stocks: BHP -2.19%, Southern Copper -3.61%, Freeport -3.07%, Teck -3.52%


Oil is in free fall lately. $58 today. This is one of the first signs of a recession.

We’re getting to price levels near what it costs producers to pull it out of the ground.

On the bright side it helps with inflation because it’s a major input cost for mfg.

https://x.com/StealthQE4/status/1917658456351232483