About this episode
Oil prices are climbing and geopolitics are getting worse, but markets keep clinging to tech. Tesla’s shares pop on positive cash flow, then slip on higher spending plans, raising the question of how long tech optimism can outweigh rising energy costs and global risk.
Today’s recommended read: A Warsh-led Fed's 2% inflation goal might be a different 2%, by Mike Dolan
Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest.
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