Oil just spiked above $108 after Saudi pipeline got hit. This is a problem.
Higher oil = higher inflation = Fed has zero room to pivot. They're hiking 25bps this week and the macro backdrop is getting uglier by the day.
Oil up. Inflation up. Rates up.
This is not the environment $BTC or risk assets thrive in. Liquidity is drying up and the pain trade is still down. Stay sharp.
Higher oil = higher inflation = Fed has zero room to pivot. They're hiking 25bps this week and the macro backdrop is getting uglier by the day.
Oil up. Inflation up. Rates up.
This is not the environment $BTC or risk assets thrive in. Liquidity is drying up and the pain trade is still down. Stay sharp.
