Looks to me like oil is breaking out. That's terrible news for the economy and inflation. High oil prices can and will cause a recession, regardless of what Powell does with rates.
Bought EWZ calls today, Brazil trades with oil. Probably could've just bought USO calls, but I like the liquidity in EWZ options.
Bought EWZ calls today, Brazil trades with oil. Probably could've just bought USO calls, but I like the liquidity in EWZ options.