Oil is moving but refined products (diesel fuel, jet fuel, etc) are still very slow. Russia also a huge hit to global diesel supply as Ukraine keeps (deservedly) pounding their refineries.

The AI CAPEX 🌊 isn't slowing down and sentiment is bearish. That is a very bullish combo for Q4.

FED It's popular to suggest the 10y yield will fall if the Fed hikes rates this week. Unless this is a "one and done" hike, though, history suggests the 10y will rise as the hike cycle progresses. The 10y has risen in every modern hike cycle (especially early in the cycle).

Looking just at July's jobs report, there is nothing to suggest that a September hike from the Fed should be on the table. While the unemployment rate fell, it was because fewer people are participating in the labor market, and employers on the whole shed workers. But Fed officials are chiefly focused on inflation and are growing impatient about how long it has taken to return to the 2% target. Warsh's insistence that he will deliver price stability has also made it seem like there is more urgency around getting inflation down than anything else. Wednesday's CPI report is going to be extremely important in determining the odds around a September move

We've done 197 episodes of Facts vs Feelings. This week with @JC_ParetsX is now officially the most viewed ever on YouTube. 🥇 🏆 👏 🙏

Is Your Portfolio Actually Diversified? @sonusvarghese @RyanDetrick @Downtown @michaelbatnick

Too Early to Get Off the Wave 🌊📈 @RyanDetrick and @sonusvarghese join @Downtown and @michaelbatnick on Episode 248 of The Compound and Friends to break down: • AI bubble fears 🤖 • Micron's monster run 📈 • Small caps vs. mega caps • Inflation, gold & Bitcoin • Alan Greenspan's legacy • Whether this bull market still has legs Watch/Listen now!👇🔥

Its literally just healthcare, leisure, hospitality, and government jobs. Everything else is floundering.