The only market summary you need.

• Be patient for US equity exposure

• We are still in the camp of higher rates for longer (short bonds).

• Energy is catching up with technology & the higher move in rates

• China is looking great

• WTI & commodities are strong.

• The treasury is issuing about $70 billion net at 5.5% a week. You can basically sit in cash at 5.5% or you go to the long end of the curve an…