Sales Up .. Oil Down!! who's got the upper hand on inflation?

Submitted by The_Magnificent_007 t3_z6vly9 in wallstreetbets

Reports keep coming out on high sale numbers, even higher than 2021. This will certainly impact inflation. On the other and; oil/gas has been bleeding throughout November.

Now the question remains; where inflation is going with these two opposite forces?

One argument put out there they will cancel out! Probably inflation numbers will emerge rather lean and may come down a bit more but not as much as markets would hope for!!

Perhaps the good & bad news is the number of new created jobs has been slowing down with rising unemployment, this could encourage the FED to hold their horse a little bit till the dust settles ..

Looking forward to hearing further updates/discussions ..

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[deleted] t1_iy3cpy0 wrote

[deleted]

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The_Magnificent_007 OP t1_iy3d9ml wrote

Black Friday sales are very high!!

−8

SateliteDicPic t1_iy3p25z wrote

As an inflationary factor, oil is about as significant as they come. In terms of the inflation issue in the US right now specifically tho I believe the Fed is focused on services and jobs - especially jobs.

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happyclaim808 t1_iy3kxx1 wrote

After Christmas the fan will get dirty.

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VisualMod t1_iy3agvy wrote

>The reports of high sales numbers are most likely exaggerated and not reflective of reality. The oil/gas industry is in decline and this will continue to put downward pressure on inflation. The jobs report is also disappointing, which means the Fed will be hesitant to raise rates in the near future.

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yazzooClay t1_iy3tsdb wrote

Remember chevron just got the go ahead to open Venezuela back up. So that’s going to be a huge influx of oil. So opec may not have the incentive to cut. I think everything is going to slow down for a second, until spring at least.

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Ancient_Implement_30 t1_iy4syi6 wrote

It will be an influx. But relatively small on a global scale.

Oil is already down from $120 to $76. Huge pull back. While oil stocks are still behaving as if oil is at 120

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The_Magnificent_007 OP t1_iy44eh7 wrote

I wasn't aware of this news, but you're right, with such opening Oil will drop way down, already some speculations about being traded around 65'sh .. so we are in for some good news I guess

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DomighedduArrossi t1_iy41yck wrote

Yes, I concur on your timeline prediction. This is good time to land a job with CVX, hopefully HR calls soon 🤞🏼

0

NoseNoseFoot t1_iy3bpk8 wrote

The very first James Bond plot (Casino Royale) involves the antagonist buying puts and then attempting to tank the market. Looks like our inflation, Fed policy, and general market are in the hands of those who control oil.

Terrible people have done worse things with lesser opportunities. This whole situation can get ugly, and it might.

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VisualMod t1_iy3agek wrote

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1

garycow t1_iy3yet4 wrote

Inflation has peaked and is currently screaming back to earth - the soft landing is becoming reality!

1