π₯ S&P 7,100, Oil drought, and a $3T bond bet π°
AI Summary
Markets continue rallying despite growing inflation risks, with the S&P 500 breaking through 7,100 and Bank of America declaring a 'bubble-like regime.' The Strait of Hormuz blockade creates the largest oil supply shock in history with 600M barrels of lost production, while Europe plans Blue Bonds to create a 25% GDP alternative to US Treasury markets.
Key Facts
Author Takes
Market bubble
Despite bubble-like conditions and oil crisis, remain bullish while aware of elevated volatility
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