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Craig Shapiro highlights a rapid increase in crude prices, with Brent topping $105 on news of Pentagon strike preparations. He also points to stress in the AI credit space and warns that the bond market currently lacks buyers, suggesting that multiple significant risks are unfolding simultaneously.
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Shapiro recently highlighted stronger U.S. payroll and inflation data together with a 20 percent surge in oil prices in a previous commentary. He has also warned of nearly $60 billion in forced selling risk linked to volatility control and pension fund flows at quarter end, according to a separate note. These observations add context to his latest warnings about simultaneous risks in the bond and credit markets.