A stock market trying to notch new record highs this week was thrown a great deal of curve balls. Attacks on Saudi oil facilities sent crude prices surging. The Federal Reserve lowered interest rates for a second straight time through what was seen as a “hawkish cut.’’ And short-term financing costs went – as some called it – crazy. Joining this week’s "What Goes Up” podcast to make sense of it all is Liz Ann Sonders, the chief investment strategist at Charles Schwab, and Alex Harris, who covers short-term funding markets for Bloomberg News.

Mentioned in this podcast:

 The Repo Market’s a Mess. (What’s the Repo Market?)

 ‘This Is Crazy!’: Wall Street Scurries to Protect Itself in Repo Surge

 Wall Street Races to Figure Out If the Quant Stock Shock Is Over

 Powell the ‘Artful Dodger’ Declines to Signal What Comes Next

 Oil Having Best Week in Eight Months as Iran Sanctions Toughened

See omnystudio.com/listener for privacy information.