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Energy: Discussions of a Russian oil embargo and a setback in the Iran deal sent crude oil to multi-year highs. At this point, however, it’s not clear if Europe will agree to halt Russian oil purchases.
European natural gas is up 45% today on Russian supply concerns.
Commodities: COMEX copper futures hit a record high.
Copper inventories could be depleted by the end of this year.
Equities: US mega-caps continue to widen their underperformance.
Eurozone: Bunds had the best week in over a decade.
United States: The Citi Economic Surprise Index is rising, boosted by the employment report.
Food for Thought: US weather and climate disasters:
Edited by Daniel Moskovits
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