I’m breaking down why I believe oil could hit $120-$150 a barrel by late summer or early fall. With no end in sight to the embargo and the Strait closure, I see prices climbing fast. Bond yields just hit 4.43% on the 10-year – the highest since the Liberation Day sell-off. I think rates are headed much higher, which will crush housing and send mortgage rates to new highs. Higher fuel prices are recessionary – when people spend more on gas and food, they spend less everywhere else. Here’s what I think is coming.
#oilprices #recession #housingmarket #bondyields #mortgagerates #inflation #economy #stockmarket #investing #financialnews #oilcrisis #interestrates #fedreserve #marketcrash #personalfinance #short
