OIl remains bid over $102. after Trump has jawboned once again, claiming that he ready to leave the Strait of Hormuz closed (?), and end the war with objectives in tact (?). Nixon "madman theory" and oddball confusion at best. Oil futures drop 0.50%. Bonus chart is the DXY and 10 yr yield, hammering US consumers with higher interest/mortgage rates, and and businesses higher costs to operate. Additional quotes , Trump nonsense.
Mid-Market Mfg Highest Chapter 11s since 2010 "Resurgence of American Greatness." Credit 6.62% Mortgage / 4.36% Yields. "The most beautiful economy ever." DXY 100.80 (Synthetic Rate Hike). "The Dollar is strong because I am strong."
