@sidprabhu Its been a great call from you for a long time. Can you expand?... Less savings -> less loanable funds -> restricts private funding -> companies seek IPO for funding? Would you say then that this is bearish bonds as it demonstrates savings shortage?
@dampedspring Theres also a scenario where oil stays high but hormuz activity partially normalises and so markets trades as if oil is falling via extrapolation of activity normalisation. (ie. I'm surprised your list doesn't have anything about iran beyond oil)