On today's episode of "The Macro Trading Floor," Andreas and Alfonso welcome Nitesh Shah Head of Commodity and Macroeconomic Research at WisdomTree for a discussion on the China reopening, how it will effect commodity markets and it's impact on broader markets.
Energy was the strongest performing sector in 2022, but should we expect the same in 2023? Nitesh walks through the commodity supercycle thesis, as it conflicts with a business cycle downturn in 2023 and what this could mean for commodities, specifically oil, heading into 2023 and beyond. Finally, Nitesh shares his actionable trade idea, but to hear that, you'll have to tune in!
--
Follow Nitesh: https://twitter.com/NiteshShahWT
Follow Andreas: https://twitter.com/AndreasSteno
Follow Alf: https://twitter.com/MacroAlf
Follow Blockworks: https://twitter.com/Blockworks_
Subscribe To The Macro Compass: https://themacrocompass.substack.com/
Subscribe To Stenos Signals: https://andreassteno.substack.com/
Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
--
WisdomTree is a global ETF and ETP sponsor and asset manager founded in 2006 and with a track record of innovation and creating better ways to invest. Today, we offer a broad range of differentiated ETFs and ETPs across equities, thematics, commodities, fixed income, currencies, short and leveraged, and cryptocurrencies with over $80 billion in assets under management. For more information, please visit https://www.wisdomtree.eu.
--
This episode is sponsored by Curve. Curve is unlike any other credit card. It gives you the power to connect multiple credit and debit cards into one, convert your cashback into crypto rewards, Go Back in Time , create Smart Rules, and more. Apply now through https://link.curve.com/blockworks_macro_trading, you’ll earn $20 in Curve Cash after your first transaction. So sign up today! Terms and conditions apply.
--
Referenced In The Show:
Minutes of the Federal Open Market Committee December 13–14, 2022: https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20221214.pdf
OPEC slashes oil demand outlook on global economic uncertainty after earlier predictions of supply shortfalls: https://markets.businessinsider.com/news/commodities/oil-outlook-opec-cu...
Inflation Will Fall off A Cliff In 2023 | Warren Pies: https://podcasts.apple.com/us/podcast/inflation-will-fall-off-a-cliff-in...
WisdomTree Insights: https://www.wisdomtree.com/investments/blog
--
Timestamps:
00:00 Introduction & "WisdomTree Ad"
01:19 Breaking Down The Fed Minutes
07:12 Europe Is Showing Signs of Disinflation
10:41 The China Reopening
13:32 Feature Interview: Nitesh Shah
17:07 How A Chinese Reopening Will Impact Commodities
20:09 The Divergence Between Gold & Oil
23:33 Oil Supply & Demand In A 2023 Recession
26:46 “Curve Ad”
27:56 The Commodity Supercycle
32:39 How Russia & Ukraine Is Effecting Global Commodity Markets
35:05 Nitesh's Actionable Trade Idea
41:16 Closing Thoughts
42:56 Post Interview: Final Thoughts
--
Disclaimer: Nothing discussed on The Macro Trading Floor should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
