Summary

• The inflationary implications of higher oil prices are driving traders away from risk assets (stocks, metals, bonds, etc.) in fear of a hawkish Fed monetary policy in response.
• Simultaneously, longer-term investors as well as other central banks are cutting back or even selling U.S. Treasuries due to the inescapable math of debt and rising debt service costs.
• So what does all this mean? Simply put, a major turning point for the markets lies ahead.

By Brien Lundin

The thesis remains the same — although the repercussions will vary.

If you’ve been perusing social media, particularly X, lately, you’ve seen a parade of pundits remarking on the debt trap that the Fed

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