RE:RE:RE:Harbinger?Cobalt, Yes I see that 2 & 10 year yields still moving up sharply this morning and the USDX breaking through 107. What are a lot of investors doing? Selling off treasuries and buying US dollars? If yes, then it's a bet that the dollar will appreciate more than inflation will increase because nobody goes into cash at zero percent interest unless they think that their buying power will increase more than inflation and other investments will.
Now if oil becomes a proxy for holding US dollars then those dollars will start rotating into solid oil companies. Gotta see how all of this plays out. Btw they are starting to use AI in developing geological models I read. Very powerful tool.