Introduces Kevin Green to discuss rising oil prices and the Fed's decision aftermath.
Diane
Kevin Green
Physical differential between Brent and WTI is widening due to Middle East conflict, with Brent up sharply. US may restrict oil exports or impose tariffs, adding uncertainty. WTI lagging Brent despite supply shortage.
Asks for takeaways from Fed Chair's comments, noting energy market worries.
Diane
Kevin Green
Fed kept rates unchanged, highlighted energy conflict risks. Inflationary pressures exist beyond energy, labor market weakening pre-conflict. Yields moving up, dollar around 100, Fed has no prescription for energy supply shock.
Asks about Micron earnings and whether it's a 'buy the rumor, sell the news' scenario.
Diane
Kevin Green
Micron's strong earnings beat overshadowed by higher-than-expected CapEx guidance, causing stock selloff. Market concerned about timing of capacity expansion versus potential supply/demand shifts.
Asks for S&P 500 levels, noting downside velocity after Fed decision.
Diane
Kevin Green
S&P 500 broke bull flag pattern, approaching 200-day moving average. Trajectory appears lower, with key support at 6550. Options expiration may increase volatility.