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March 20

S&P   Oil   FX   Gold   Silver  10Y   USM
10Y is 4.368%, higher in yield by 11.5bp | 13:34
S&P is down 1.00%. Stocks Face Fourth Straight Week of Declines
Gold is down 1.93% to $4,560
Dollar index is up 0.30% to 99.55

Brent crude oil futures is $110.55, heading for a weekly gain of more than 7%
Trump says reopening Hormuz "a simple military maneuver" with "so little risk" | Forex
Kuwait refinery hit for second time | Drop
Oil is trading for $150 in Asia where demand destruction has started. | Debt

Prepare for a major shock in March and April CPI
AAA Gasoline is $3.912 vs $3.121 a year ago or 25%
Bond markets are worried about the outlook for inflation

Why Is Australia Not Already Rationing Fuel?
An insider's explanation of what is going on...The best analysis I am reading is a soon as the Middle East waterway (Strait of Hormuz) opens up, it will still be 1.5 to 2 months before the Asian refiners are running at full capacity again. Bond Market Gets Edgy as US Treasury Debt Hits $39 Trillion | Wolf
Spiking by $2 Trillion in 7.5 Months and Not Slowing Down

Will World’s “Most Zionist President” Deploy Argentina’s Navy for Kamikaze Strait of Hormuz Mission? | Naked
Israeli Officials Say Attack on Iran’s Pars Gas Field Was Coordinated With the US | Anti-War
Trump initially claimed he 'knew nothing' about the attack
Israel Vows No More Strikes On Iranian Energy Assets After South Pars Hit Sparks Lasting Shock | Zero

Debt Rattle
When the protests get too loud, the mission is completed. Netanyahu Declares Iran’s Nuclear Program & Missile Production “Destroyed”
NASA May Shrink Boeing’s Moon-Mission Role. Boeing went from an engineers- to an accountants firm
Everyone behind the Steele dossier is walking free. The “I don’t recall” defense.
“The past was erased, the erasure was forgotten, the lie became the truth” — George Orwell

Walmart Wins Patents for AI-Powered Price Changes

New Study Finds 90% Of Sea Level Research Relies On Models, Not Real Measurements | Depot
Oh well. Math is hard.


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