A trader, not a financial advisor, father of a veteran, Finance PhD. A retweet is not an endorsement. I don't have a substack/ podcast, not selling anything.
crazy idea
what if Trump renamed the SPR to the strait of Hormuz and that's what he means when he says historic amount of oil is flowing out
the name was available because he renamed it Trump strait
He just forgot to tell us, it all makes sense now
BlackRock shows that the 60-day smoothed correlation between oil and bond yields is the highest in the last 40 years. The correlation was higher during the 1st Gulf War but had not been this high for this long.
BREAKING: Oil and US bond yields correlation is at Highest level since the 1990 Gulf War.
Every $1 rise in oil is adding about 2 basis points to the US 10-year yield, according to TS Lombard.
