So we are in my favourite month for when $hit hits the fan in global markets. The latest oil price spike…well what does this mean? What if one can say oil prices were high in 2007, US markets were at ATH, the Fed was cutting rates…mirror scenario now?

Or

Oil prices increase + soft commodity prices (pork, soy beans etc) increase => inflation increase => rates increasing

Or

This is just a temporary blip and the muddling of the markets continue.