The Chinese Reopening: Bullish Or Bearish Oil? | Nitesh Shah

On today's episode of "The Macro Trading Floor," Andreas and Alfonso welcome Nitesh Shah Head of Commodity and Macroeconomic Research at WisdomTree for a discussion on the China reopening, how it will effect commodity markets and it's impact on broader markets.

Energy was the strongest performing sector in 2022, but should we expect the same in 2023? Nitesh walks through the commodity supercycle thesis, as it conflicts with a business cycle downturn in 2023 and what this could mean for commodities, specifically oil, heading into 2023 and beyond. Finally, Nitesh shares his actionable trade idea, but to hear that, you'll have to tune in!


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This episode is sponsored by Curve. Curve is unlike any other credit card. It gives you the power to connect multiple credit and debit cards into one, convert your cashback into crypto rewards, Go Back in Time ®, create Smart Rules, and more. Apply now through, you’ll earn $20 in Curve Cash after your first transaction. So sign up today! Terms and conditions apply.


Referenced In The Show:

Minutes of the Federal Open Market Committee December 13–14, 2022:

OPEC slashes oil demand outlook on global economic uncertainty after earlier predictions of supply shortfalls: 

Inflation Will Fall off A Cliff In 2023 | Warren Pies: 

WisdomTree Insights:



(00:00) Introduction & "WisdomTree Ad"

(01:19) Breaking Down The Fed Minutes

(07:12) Europe Is Showing Signs of Disinflation

(10:41) The China Reopening

(13:32) Feature Interview: Nitesh Shah

(17:07) How A Chinese Reopening Will Impact Commodities

(20:09) The Divergence Between Gold & Oil

(23:33) Oil Supply & Demand In A 2023 Recession

(26:46) “Curve Ad”

(27:56) The Commodity Supercycle

(32:39) How Russia & Ukraine Is Effecting Global Commodity Markets

(35:05) Nitesh's Actionable Trade Idea

(41:16) Closing Thoughts

(42:56) Post Interview: Final Thoughts


Disclaimer: Nothing discussed on The Macro Trading Floor should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

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