Recently, Wall Street analyst BMO Capital Markets noted that U.S. market sentiment has lately fluctuated from recession fears to soft landing expectations in a short period of time any time there is a release of a major economic data point. “Clearly the pendulum has swung in favor of optimism with the S&P 500 recovering sharply from its recent sell-off and once again approaching record highs,” BMO Capital Markets investment strategy team stated in an investor note. BMO’s observation describes oil markets to a tee. Oil…
