The most vital chart to a soft landing

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The peak in Oil marked the peak in inflation, which means if it goes any higher, above $115-$120, the fed will be forced to manually tighten financial conditions spiraling the economy into recession and the stock market into a prolonged bear market. If somehow oil drops under $95 it should ease conditions and allow for a softer slowdown. Crude oil prices are probably the most vital macro force today.

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