Interview Soon Joo
In the radio interview, Mark said that he believes the Fed’s monetary policy is heading towards a “less hawkish direction.” He also stated that he believes that the bottom of the market was in the middle of October, and that now, it’s not a bear market, or even a bullish one. Mark said it’s somewhere in the middle – “a no-man’s land.” Mark added that commodity prices are turning negative, as the trends have changed quite “radically” in the last couple of weeks. He concludes that the most important thing to note is China and their pandemic challenges. He stated that “less Chinese demand means more oil for everyone else,” leading him to believe that prices will stay where they are.