I spoke with BNNBloomberg yesterday about the turmoil in markets and the likelihood that we're seeing capitulation now.
Oil today fell as low as $95.10 but has bounced back to $98.71 after a bruising pair of days. In the video I talked about the support at $95 but also about the longer term outlook.
The path for most risk trades should follow the loonie. We're seeing a washout at the moment and that could be followed by a bounce but until there's some clarity on rates, inflation and global growth, it will be tough to mount a sustained bounce.
