MacroVoices #367 Luke Gromen: USD Update in the Wake of SVB Collapse
Macro Voices
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What's Going to Come Next?
The market is confused. It doesn't know what's going to come next. I saw that that I was watching oil with great interest this morning. And there were two numbers on my screen that were the wrong price. Oil was trading at the right price, a wrong price this morning. TLT long dated treasuries, which was up three and a half percent when this morning in early trading,. By the end of today, TLT was down. So that has started, I think, to maybe move toward being the right price.
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