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Diesel Shock Raises the Stakes for Next Week’s Fed Meeting
Stocks are drifting lower, but the bigger pressure is coming from the bond and energy markets as Treasury yields approach 5% and diesel prices move toward record territory.
Chuck Zodda and Mike Armstrong discuss why equities are not the main concern right now, how rising oil prices are moving almost tick for tick with bond yields, and why diesel prices could ripple through nearly every part of the economy. Michael Santoli of CNBC joins the show to explain why stocks are caught between higher rates, higher oil, and strong AI earnings. They also cover whether failed bank resolution rules remain…
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