Russia’s ruble is ripping v the dollar, higher by 1.1%. Other than that, the dollar is crushing to the upside v all major currencies, especially the Turkish lira — who nobody really gives a shit about.
Most importantly, the dollar is higher by 0.6% v the euro.
Vladimir Putin’s main source of income, crude oil, is fucking exploding this morning — now rocking above $55. Get ready to pay up at the pump America.
National borrowing costs are through the roof this morning. This all translates to higher auto loan, student and mortgage yields — apparently very boolish developments indeed.
And, finally, Mother Russia is leading all major markets this morning, higher by 2.3% — as the ascendency of Putin’s best friend, DJ Trump, to the presidency looms.
Dow futures are higher by 145. Prepare for extravagance,
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