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Luke Gromen analyzes links between U.S. 10-year Treasury yields, currency-oil pairings, and global market stress. He notes the Strait of Hormuz remains closed and that China holds several years of oil inventories, while U.S. 10-year yields are just 20–30 basis points away from potentially triggering a U.S. and global debt spiral.
Gromen encourages market participants to monitor which event will unfold first, emphasizing the interconnected risks facing markets.
Gromen recently highlighted that gold dropped below $4500 for its largest weekly decline since 1983. In a separate note, he suggested that gold may provide relief as oil prices surge. These comments follow his ongoing analysis of market risks tied to commodities and fixed income.