06252021 :: Friday finance

A partial digest

Philip Valenta, MSF
HedgeHound

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American infrastructure spending is supposedly nearer at hand (or is it?), and US indices just keep climbing, which is just sketching some people out.

Quick read for the week ending June 25:

  • Yields rose to finish out the week, with the 10Y ending at 1.533.
  • The DXY finished at 91.809, down for the week.
  • Oil finished up. It’s at levels not seen since 2018.
CALL: No change; near to semi-intermediate term, prices could rise further given supply shocks, OPEC+ micromanagement, inflation expectations, "recovery," and more fiscal spending, among other things. However, it's beginning to look expensive. Longer term, it's a dying industry.[tracking: XLE, GGN, SCO, DUG, DRIP]
  • The S&P Global Clean Energy…

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