The Fed can control the overnight rate.

But it can't control oil. And it can't always control the long end of the bond market.

Today on The Holy Macro Show, we're breaking down one of the most interesting macro setups we've seen in a long time.

Oil is above $100. Inflation pressures are building again. Long-duration bonds remain under pressure. Treasury continues talking about buybacks, but the bond market doesn't seem particularly impressed.

Meanwhile, commodities continue to outperform bonds, and leadership across energy, metals, mining, and agriculture keeps strengthening.

So what happens next?

We'll talk about the Fed, inflation, oil, Treasury yields, the commodity cycle, and most importantly, where the money is actually going.

Because politicians can talk.

The Fed can talk.

The Treasury can intervene.

But eventually, price gets the final vote.

No predictions. No crystal balls.

Follow the evidence. Respect the risk. Hunt for outliers.

For our research, portfolio updates, and every trade we're taking:

Against All Odds Research

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