Big Crude Rally, Metals & Miners Climb as Treasuries and Equities Fall
Crude oil surged 9% this week, its third straight weekly gain, while gold, silver, and miners advanced. Yields rose, TLT hit a multi-year low, the dollar strengthened, and stocks edged lower in a mild risk-off shift.
Source: Peak Prosperity
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DW NOTE
Bank credit expanding at a 25% annualized clip while treasuries hit multi-year lows and the 10-year sits at 4.71% — the market is pricing something the Fed hasn't acknowledged yet. When credit growth this violent meets rising yields, it's usually because someone desperately needs dollars they don't have.