/biz/ - Business & Finance

I thought twice about posting this here because everyone either doesn’t care about what I say or really dislikes me to some extent but it’s interesting to think about getting a second chance. I know some of us held on to KDA through the 95% correction.
>stocks break out
>no fomc meeting next month
>eth merge
>kaddex / defi ecosystem rollout
The market could have the headway for a substantial rally. I am cautiously optimistic that we (sisters who held) could get an opportunity to make a better decision this time. The talk about inflation going down is here. Elon Musk tweeted this too. I looked into this. The US is dumping their military oil stock pile and oil price has come down. They are artificially inflating the supply, 1MMbbl per day plus another 20 MMbbl they just announced this week
https://www.reuters.com/business/energy/us-sell-additional-20-million-barrels-oil-strategic-reserve-2022-07-26/
The US is exporting oil and subsidizing oil prices when everything has the cost of energy built into it. It’s interesting because the biggest input to inflation this year has been energy indexes at +40%. Check the chart for yourself https://www.marketwatch.com/investing/future/crude%20oil%20-%20electronic 20% head off oil is a huge impact on artificially bringing inflation down. But they burned through more than half of the strategic reserve https://www.energy.gov/fecm/strategic-petroleum-reserve-9 and they’re going to have to cover their short, after they’re done keeping gas prices down for the midterms. They will be forced to stop dumping, because US producers are currently not incentivized to invest in more production due to low prices, and this doubling effect of destroying production and artificially suppressing prices, as soon as the midterms pass oil prices are highly likely to shoot back up. I believe it’s very likely inflation will have its 2nd wave