Worries drag Oil lower...Figures I missed out on yesterday's trading for today's sell-off. Walmart is closing half of its Chicago stores so US landscape is slowly changing with higher Interest Rates with closures and layoffs becoming a new reality when the largest economy starts to contract you can guarantee that Oil will follow. The rally from $64 to $83 has been remarkable but now that Oil is at the top investors are starting to question if this rally has been overdone. The reason that the market has been rallying is all due to expectations that the FED will reduce rates later this year but the FED says not happening and rates will stay high well into 2024 once the market realizes as time goes on that the FED isn't cutting rates than this rally will implode. Oil demand is heavily under scrutiny and if OPEC never made cuts Oil would be in the $60+. The next problem is lending so once lending starts to tighten up it'll be another nail in the US economy. You could ask 5 FED's or the streets what instore for markets and everyone would give you a different answer that being the worst way to invest so money is on the sidelines and we see it in daily volume. 2023 = uncertainty. Tomorrow will be a whole different challenge so try to stay liquid...