US inflation running at 7% and the price of oil is now on a tear, so the Fed will be forced to raise interest rates surely. With China now easing again this is all going to get very ugly. I see the DOW is currently down 1.61% today as Treasury yields spike.
Goldman Sachs Sees $105 Oil In 2023 By Tsvetana Paraskova - Jan 18, 2022, 11:00 AM CST
Oil prices could hit $100 this year and rise to $105 per barrel in 2023, on the back of a “surprisingly large deficit” on the oil market now due to the much milder and potentially briefer impact of Omicron on oil demand, Goldman Sachs says.
