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Months of stagnation. Outflows from everything risk-on. Inflation sticky, living costs up, all because oil ripped on a war nobody wanted.
Now there’s a deal on the table. And CT is too burned to touch it — 3 fake ceasefires will do that.
If this one holds, oil drops, CPI cools, the Fed’s hand softens, and the same liquidity that fled comes back into the thinnest books we’ve had all year.
Don’t underestimate the upside.