Crude Oil has just surpassed $90/barrel for the first time since June, now up +25% in the past month.
At the same time, the 10-year treasury yield has now officially crossed 4.7%. Jobless claims came in at +187K today vs +211K expected which is great for the labor market but once again means that inflation could see some upwards pressure.This type of price action with oil and treasury yields just isn't something the Fed or the stock market loves to see.Source: amit
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