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Oil surges $9 to $130, but is 3% of consumer wallet, below 4.5%/6.5% in 2008/1980. $200 oil = 4%

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STRATEGY: Oil surges $9 to $130, but is 3% of consumer wallet, below 4.5%/6.5% in 2008/1980. $200 oil = 4%

Equity markets are still struggling to find equilibrium and footing given the Russia-Ukraine war and the associated spillover in commodities and economy. I had multiple conversations with portfolio managers over the past few days and the obvious issue...

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