@melissaguerrero

🛢️ CL1 spiked to $120, now pulling back to $95. That's still +50% in a month. Goldman just revised their S&P target down, citing higher oil and weaker GDP. Meanwhile Bessent is out there saying prices will come back down on their own. The last time the market bet against a sticky supply shock, it took 18 months to fully reprice. If your portfolio isn't hedged for $90+ oil through summer, you're basically hoping geopolitics resolves itself. Good luck with that.

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