Oil to $100 a Barrel or Beyond?

I think it's going to wind up being that China reopening to full steam, China airline capacity getting closer to 100% of the pre lockdown levels. Right now we're dealing with a range bound yield curve buried at the lows of the move where we've got to expect economic snowballs going through the window and rattling the bond market. So as long as that's the case, I can't expect much upside in equities. But once again, we'll roll out of this period and eventually we'll see that yield curve steep and we'll have a different trade to hunt down.