and david mckelvey nice mcelhaney financial group david let's start with you or oil futures in new york gain as much as 2 point one percent on tuesday reaching the highest intraday level since mid march is the demand recovery getting ahead of itself considering the weakness we're still seeing in parts of asia india and brazil. there's an element beyond supply and demand and in use here i think speculation is afoot and it's likely focused on inflation so here's my case investors judge of both micro and macro concerns and speculation can fall into either of those categories micro aspects tie to the supply and demand fundamentals are always important but there's also the macroeconomic considerations and it would appear judging by the synchronicity of the moves higher in soft commodities and just real commodities oil silver also thinking of the all time high set an iron ore and copper last week that speculation on an inflationary surprise is in motion and oil is to some degree and that yellen suggested this week that rates may need to go higher because the an economy is quote unquote runnin

and david mckelvey niecy mcelhaney financial group david let's start with you or oil futures in new york gain as much as 2 point one percent on tuesday reaching the highest intraday level since mid march is the demand recovery getting ahead of itself considering the weakness we're still seeing in parts of asia india and brazil. there's an element beyond supply and demand and in use here i think speculation is afoot and it's likely focused on inflation so here's my case investors judge of both micro and macro concerns and speculation can fall into either of those categories micro aspects tie to the supply and demand fundamentals are always important but there's also the macroeconomic considerations and it would appear judging by the synchronicity of the moves higher in soft commodities commodities oil silver most of any of the all time high set an iron ore and copper last week that speculation on an inflationary surprise is in motion and oil is to some degree and the yellen suggested this week that rates may need to go higher because the on economy is quote unquote running too and i think

and david mckelvey any mcelhaney financial group david let's start with you or oil futures in new york gain as much as 2 point one percent on tuesday reaching the highest intraday level since mid march is the demand recovery getting ahead of itself considering the weakness we're still seeing in parts of asia india and brazil. there's an element beyond supply and demand and in use here i think speculation is afoot and it's likely focused on inflation so here's my case investors judge both micro and macro concerns and speculation can fall into either of those categories micro aspects tie through the supply and demand fundamentals are always important but there's also the macroeconomic considerations and it would appear judging by the synchronicity of the moves higher in soft commodities and just real commodities oil silver also thinking of the all time high set an iron ore and copper last week that speculation on an inflationary surprise is in motion and oil is to some degree and that yellen suggested this week that rates may need to go higher because the on the economy is quote unquote

and david mckelvey, me, theo, of mckelvey, me financial group. david, let's start with you all futures in new york gain as much as 2 point one percent on tuesday, reaching the highest intra day level since mid march. is the demand recovery getting ahead of itself, considering the weakness we're still seeing in parts of asia, india, and brazil. if there's an element beyond supply and demand in, in use here, i think speculation at the foot and it's likely focused on inflation. so here's my case, investor is judge both micro macro concerns and speculation can fall into either of those categories. micro aspects tied to the supply and demand fundamentals. and those are always important. but there's also the macro economic considerations and it would appear judging by the synchronicity of the moves higher in soft commodities, industrial commodities, oil silver, most the thing is we all time high set an iron ore and copper last week that speculation on an inflationary surprise is in motion and oil is to some degree caught up in the yellow suggested this