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07:18LONG
“as the inflation rate goes higher the oil price historically has tended higher.”
@Thoughtful Money · Adam Taggart | Thoughtful Money®
The end of globalization permanently drives up input costs, pushing the baseline price of crude oil higher as USO parks 89.6% of its assets in WTI futures.
USOLONG@ $126.87
$126.39-0.38%
since call Jul 28
peak +4.7%
08:49SHORT
“going forward, the all three components of the Fisher equation point to higher rates... We have a duration of less than one at the Wasach Hoisington fund... right now we're managing bills not bonds.”
@Thoughtful Money · Adam Taggart | Thoughtful Money®
With a $1.853T deficit and interest expense topping defense, structural inflation and capital scarcity will drive rates higher, crushing long bonds like TLT.
TLTSHORT@ $84.64
$81.23+4.03%
since call Jul 28
peak +4.0%
TIMESTAMPS
07:18
08:49