Crude Oil could soar to $100/barrel before the U.S. Presidential Election due to Russia's production cuts warns JP Morgan
$Occidental Petroleum (OXY.US)$ $Chevron (CVX.US)$

$SPDR S&P 500 ETF (SPY.US)$ stat of the day: 98 consecutive trading days above the 50-day average... far cry from the record back in 1995-96.

Nice speech from Waller! At least a couple of soft inflation prints or an unexpected and material deterioration in the economy is what stands between the Fed and rate cuts. 👇
$SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$

The average S&P 500 stock price is about $160, 4x the price in 2008 before the Global Financial Crisis.  Does that make stocks too expensive for retail?  The answer is yes, according to Strategas, who believes we could see a wave of stock splits.  Here are potential candidates:
$SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$

Happy Sunday!
*Here Are My Top5ThingsToKnowThisWeek:
1) U.S. PCE Inflation
2) U.S. GDP
3) U.S. Housing Data
4) Fed Speakers
5) Wall. St. Closed For GoodFriday
*May The Trading Gods Be With You 🙏
$SPDR Dow Jones Industrial Average Trust (DIA.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ $iShares Russell 2000 ETF (IWM.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$

Since the Fed began raising rates in March 2022, they have made it clear that 2% inflation is their target.
Most recently, February CPI inflation JUMPED for the second straight month to 3.2%.
Core CPI  inflation is still at 3.8% which is nearly double the Fed's long-term target.
February was the 35th consecutive month with inflation above 3%.
As inflation flattens out in the 3% to 4% range, the Fed cannot afford to pivot.
Could the Fed raise their inflation target to 3%?
$S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Invesco QQQ Trust (QQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$

For the first time in history, interest payments on non-mortgage debt in the US are equivalent to interest on mortgage debt, at $575 billion.
Exactly 3 years ago, interest on non-mortgage debt was at $250 billion.
This marks a 130% increase in household interest expense on non-mortgage items over just 3 years.
Furthermore, 3 years ago interest on non-mortgage debt was HALF of interest on mortgage debt.
Americans are "fighting" inflation with high interest rate debt.
How is this sustainable?
$Invesco QQQ Trust (QQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Dow Jones Industrial Average (.DJI.US)$ $S&P 500 Index (.SPX.US)$

STRONG 30YR BOND AUCTION RESULT:
Total $54.3B bid for $22B Auction today.  Awarded at 4.331% vs market 4.35%.
$Invesco QQQ Trust (QQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$

Just In: U.S. National Debt Rises To $34.5 Trillion 🇺🇸🇺🇸
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