Deep Dive: U.S. Manufacturing, China Oil Imports

The video discusses the current state of the US economy, highlighting that economic indicators like the ISM manufacturing report and Chicago PMI are above the 50 line, suggesting expansion rather than recession. It also examines China's strategic petroleum reserves and their impact on the global oil market, noting that China's crude imports have risen significantly. Finally, the video explores asset correlations with the S&P 500, emphasizing how Brexit disrupted these correlations, complicating market predictions for traders and hedge funds.

What should investors consider regarding the economic backdrop in the United States?

What impact did Brexit have on market correlations?