Iuorio: Plunging Crude Oil Prices Next Catalyst for Equities

• Fears of stagflation are fading due to blockbuster unemployment numbers and falling crude oil prices.
• The market believes inflation is transitory, with price action (rallies after CPI/PPI) being the key signal.
• If crude oil settles below $92.50 and heads towards an $80 handle, the Fed may ease rates by year-end, leading to new all-time highs for equities.

Jim Iuorio discusses fading stagflation fears, attributing it to strong labor data and falling crude oil prices. He believes the market is signaling that inflation is transitory and that further drops in oil prices could lead the Fed to consider interest rate cuts by year-end, potentially pushing equities to new highs. He emphasizes price action over politically charged news as the true market signal.