Rate Hikes, Wars & Oil

• The recent uptick in the long-end of the curve may deter further Fed rate hikes.

• Support is at 351 for QQQ

• War is likely to put a bottom in the price on oil, this will put pressure on US consumer (higher inflation = higher for longer rates)

• AMD is starting to breakout on a relative basis.

• 2/10 curve continues to un-invert rapidly, flashing recession warnings