Bearish If The Fed Does Not Raise Interest Rates

"Best case scenario is that the Federal Reserve raises interest rates by 25BPS because if they do not, it will show that they are scared. With volatility coming down, I am starting to look for cheap protection back to the downside. Option premium is collapsing a bit. Crude oil price fell to November 2021 lows. It does not seem that the China reopening story at the end of 2022 is really taking hold. They lowered the GDP estimates for their economy moving forward. Crude oil demand seems robust in the U.S.," says Scott Bauer.