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Desperate times call for desperate measures.
QE is inflationary though...
So short-term gain for long-term pain still the play.
$GBPUSD $EURUSD $DXY $SPX
UK plans to buy GBP 5 billion of bonds per day. So...back to QE?
*U.S. EMBASSY IN RUSSIA CALLS ON ITS CITIZENS TO LEAVE RUSSIA IMMEDIATELY
And $VIX is still *only* at $31.
Harrowing message from the US Embassy in Moscow:
“U.S. citizens should not travel to Russia and those residing or travelling in Russia should depart Russia immediately while limited commercial travel options remain.”
Most of that continues to be SPR.
#OOTT
US crude inventories fell by 4.790mb last week
(commercial: -0.215mb, SPR -4.575mb)
EIA #oott