Jeff Kilburg argues the chokepoint outcome dominates everything: if WTI doesn’t fall back toward $60 via a reopened Strait, interest rates, Fed policy, and equity markets remain under pressure.
This is the only thing that matters...opening the Strait of Hormuz
Interest rates, equity markets, Fed policy, u name it...all hinge upon #WTI getting back down into the $60s
It's going to be ok for now, as long as the Strait reopens in the next couple of months.
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