The March 2022 Employment Situation data indicated 431K in non-farm payrolls versus the 490K estimate. Jerome Powell stated hat the labor market continues to be strong and can withstand some interest rate hikes to come. Next, Ben Lichtenstein weighs in on crude oil being slightly below $100 a barrel as the U.S. is set to release 1M barrels per day from strategic reserves over the next 6 months. The EIA announced today that other countries will be releasing oil reserves as well. Moreover, Lichtenstein discusses the risk on sentiment in Bitcoin Futures (/BTC) as Russia announces that they will start accepting cryptocurrencies for some of their energy products.
01 Apr 2022