Truckload spot rates hit an all-time high, topping the COVID peak.
Today's rate is $3.69/mile. We expect truckload rates to rally through the rest of the summer.
How soon until $4/mile?
The CEO of the worldโs largest oil company said something on Friday that should terrify every energy importer on the planet.
Oil is already up 57% since Feb 28.
He says the market still hasnโt priced the shock.
Let that sink in. ๐งต
@MichaelPBento exactly what I heard. surprised we didn't move down during the q&a. saying energy prices haven't hit highs yet either. interesting times
@Bluedeerc Expecting a multi day balance to form before more downside or is vol high enough to warrant a snap back?
Do you watch GEX/Vanna etc for contracts multiple days/week out to determine these moves are coming?
Powell: "We don't have to pay the debt down, we just need to have primary balance and begin to have the economy actually growing better... It will not end well if we don't do something fairly soon."