Fed: no surprise. Raises "rate" 75 basis points. Okay. NASDAQ still up almost 300 points.
- WTI: still up about three percent
- TSM: after starting badly today, is up over 2%
- two days from now? Everyone will forget the Fed rate change today and the market will rip.
WTI:
- President Biden announces another sale, not swap, from the nation's SPR;
- and WTI surges:
- for the archives:
- WTI up over 3%
- WTI up almost $3/bbl
- WTI now trending toward $98
Imagine: WTI if President Biden was not selling a million bbls a day
- Libya: exports a million bopd when things are going well
- this SPR release will "get us through the summer" but the SPR releases will come to an end in October, 2022
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Word For The Day
Word for the day: okay, before we get to the word for the day, the French word of "to forget" is: oublier
- the French word "to forget" is oublier
- now the word for today: oubliette
- there are dungeons, and then there are dungeons!
- an oubliette is where kings sent low-lifes they wanted to forget
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