05-05-2026 Running in "Circles"

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Rates couldn't turn around

'Til they were upside down

Powell said that he’s gone, yet he’ll be around for a while. Trump underscored that the blockade would last as long as it takes. So, the guessing game remains in place: when will the pressure on Oil prices ease, and will they drag growth more than drive inflation?

The 10-year yield spins in circles between long-standing resistance at 4.50 and a trend reversal at 4.20. The bulls need tangible good news on Oil to break out.

Run away, but we're running in circles. Run away, run away.

These views are mine. Join TMSpotlight to know how circles break.

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Song: Circles (2019) Post Malone