Is the economy just about to roll over?

Copper, the commodity with a PhD in economics, has erased all of its year to date gains. It’s currently about 10% off its 2022 lows which marked the low for risk assets before this current bear market rally began.

It’s a similar story for oil, which is just slightly off its 2023 lows and down 46% from its 2022 highs.

Steel doesn’t look good trading at new lows for 2023.

Ditto for aluminum.

As well as lumber.

Is this demand destruction? Or is it the result of the Fed tightening monetary policy and taking out some of the froth from the financial system?

The bond market suggests its demand destruction. The 2s10s, which has predicted every recession since 1955 is suggesting a severe recession is coming.

What do you think this will do to stocks?

If you’ve yet to take steps to prepare for what’s coming courtesy of the banking crisis, we have published an exclusive special report How to Invest During This Bear Market.

It details the #1 investment to own during the bear market as well as how to invest to potentially generate life changing wealth.

This report is usually $250, but we’re giving away 100 copies for FREE to those who sign up for our free daily market commentary.

Today is the last day this report is available to the general public.

To pick up one of the remaining copies, use the link below…

https://phoenixcapitalmarketing.com/BM2.html