Mike McGlone
Mike McGlone|Apr 21, 2025 11:42
Low-Price Cures? 40 Crude; 3 Copper, Corn; 10,000 Bitcoin - Bloomberg Intelligence's recession scenario would push the S&P 500 fair value to 4,032, with deflationary implications. Leanings that way in commodities before US tariffs and austerity might add fuel for reversion toward 40 a barrel oil; 3 a pound, bushel in copper, corn; and 10,000 Bitcoin. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/sv2c27t0afb5 {BI COMD} #commodities #crudeoil #copper #corn #stockmarket @BBGIntelligence
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