Deflating Crude May Show the Need for Inflating Beta - Falling crude oil could highlight deflationary risk if the US stock market in 2025 simply gives back 10-20% of its roughly 100% gain since the end of 2019. Recent milestones of the highest market cap-to-GDP in about 100 years and vs. the rest of the world could emphasize the need for US equities to remain buoyant and avoid deflation akin to the 1930s in the US and 1990s in Japan. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/swas28t1um0w {BI COMD} #commodities #crudeoil #stockmarket @BBGIntelligence