No one is noticing this but we are on a crucial point rn oil FOMO historically, whenever 12-month ROC on oil goes above 100% markets feel it hard we’re already around 92% not panic mode yet, but definitely not something to ignore a sharp move from here could flip the mood real quick tbh When oil prices enter a dangerous range, liquidity will rapidly flow out of risky assets, posing a severe test if oil accelerates, pressure via inflation and rates will hit risk assets(Justin Wu)