 Over to our man Teddy cakes that we talked to Teddy every Wednesday at 40 past the hour. You can reach Teddy every retraining day is website for a dash trading dash unlock dot com. Teddy cakes dad. Good morning. Good morning Tommy. So like we have been, what do you think of the action in crew man? I'll give you a little I am a little surprised myself after waiting to 94 bucks Teddy last week, end of last Wednesday, we're up $20 right now man. The run not continuing. You might not be a surprise. What's your take on this action on crude man? Well last week I was saying it was just a corrective profit taking move and we're right back where I thought we would be. We're going to 150 and you know what odds are we're going to see you know I mentioned you know already months ago that 150 would be a longer term target and even 200 if the way things are going. So and now that seems to be a consensus now you know and I think that that's very likely to happen. I mean the surge in so many other commodities and everything else is just a it's a domino effect. It's not stopping right now anytime soon you know especially with the new way the fed speaking now to the cost of carryover is going to explode over the course of the next year you know. So I mean the cost of oil is going to go up you know so I think yeah absolutely the oil markets are supported. We're not going to see any type of reprieve in this whatsoever until well you overturn the mandate from you know January 20th of 2020. So that's what we need. Now quite the run for sure to 1 4 to 1 14. Let's jump to currency. So with all the action going on of course quite the move man over the last few weeks and yields just remarkable man 1.7 percent to 2.4 percent on the 10 year. What are you looking at for for X markets to start things off day. Well that coupled with the oil I mean remember when we had the Fed announcement last week we were all looking for the quarter point we got it now we we've talked about this for months before they even started I said I'm like they need to do a half a point at the time you know some people say that's a little overzealous. Now that speech is coming out that they're going to start doing half points instead of quarter points. I mean we're looking at we can see by the end of the year where interest rates will have been up 2 percent you know I mean that's a big jump considering that they've been very very slow to act for the past couple of years to begin with you know. This whole thing is driving the trend so it's supporting the dollar you know I mean between oil and the interest rates it's really really helping certain trends now it's definitely weighing on the Euro in the Swiss right now because the Ukrainian conflict and stuff now you couple the what's going on geopolitically it's also throwing the higher interest rates you know and then you also throw in you know the price of oil. This is making the Euro US dollar look like you could be heading towards parity within the next couple of months for sure you know unless there's some ease and tension between Russia and also the Ukraine that markets in a bear market now we have divergence though you know so we're going to see dollars strength in some currencies and dollar weakness in the others you know the Australian dollar for instance the New Zealand dollar those are bulls now you know they pretty much bottom the only thing that would change that as if well either they go back into covid lockdowns or if they have some kind of major shift in commodity pricing you know so we have dollar divergence you know I think this these trends are now set for the next couple of months if not the next couple of years you know we're not looking to get out of this thing anytime soon you know we mentioned before about the Ukrainian thing like nothing with Russia ends quickly so I wouldn't I wouldn't I would be very surprised if six months from now we're already passed and through this conflict you know and everything is settled you know so I mean and this is starting to hit you know other markets to you got to realize that as oil continues to go up I mean I don't know how it is in Florida but you can tell the roads here out in Chicago land that during the day people are making choices now they're not just willy-nilly going out for coffee going there and then this and that everyone's doing I'm pretty sure they have a list of things to do and that's what they're doing and then they're going home you know I mean you can even see it in the restaurants to now on the weekends that it's the weather is getting better and you're not seeing restaurants overflowing with people now that everything is everyone can go out you know I mean even in Cook County you can you don't need to have a vaccine passport you don't need to wear a mask you know so I mean it's kind of surprising you would everyone wanted to see a different reaction and I think the oil prices is going to suppress that but dollar strength is going to stay I mean we have as long as the Fed is on this track it would be really hard to see the dollar get really hurt you know except for some of your commodity currencies like US dollar Canada very likely could be a bear over the longer run you know bump like I said Aussie in New Zealand those are setting trends the US dollar yen now there's something where you thought you thought I was happy last week I mean look at how it's up another two dollars over the past week you know so that 122 price target I think is very viable now we're just floating right below it and if these trends are really solid and things stay this way over the course the next six months to the next year I mean to see the yen up at 140 would not be out of the realm of possibility yeah just remarkable moves man is for experience up as you're talking about the man you put them on a weekly even you don't have to man because you could put them on a 15 minute you could put them on an hourly and this move like just I got the dollar yen up here man just staggering right from 115 to 121 like you said but we're at 104 the beginning of last year it just almost never stopped man the run that it's had remarkable and I would agree geopolitical tensions especially but it's especially interesting that we're coming into a rate hike environment that isn't going away anytime soon I was talking to our man Kevin Hinks to kick things off I think we're all aware that the CPI numbers are going to be a little bonkers at least for the next couple months because gas prices are crazy energy prices are crazy food prices are still crazy maybe as we get down the road three six months down the road we might be dealing with some comps that will make it difficult to be dealing with some pretty crazy numbers but the feds hiking man they're hiking this year the market said it with that 1.7 to 2% right 2.4% rise so that's not going away anytime soon and I agree even if we get some kind of deal that I don't expect they got a handshake deal and everything's over that's not how it's going to go man there's going to be tensions how are they going to break things up is is Russia going to get some of the separatist region right how does that play out there's going to be tension there man and they're probably going to be dealing with sanctions that's going to escalate things for the foreseeable future no matter what as rush is a little bit isolated and that's a scary proposition no matter how they come out of this I don't imagine it being rosy man the world's just not going to lift all those sanctions overnight right after what's been done so I agree that that's that's going to persist and it's almost time flies as we all know man I mean this has been going on for a month that is crazy when you think about that the the war has almost been going on for a month over there those poor people you know the the citizens really I just can't imagine you know with young kids in my house kids the worst of it all of course but pretty pretty wild stuff we got about a minute here as we come in Teddy what as we come into so next week we come into the non-farm payrolls I believe on April 1st which is Friday and then we get some CPI numbers next week you do factor any that into what you're looking at or are we just kind of marching on right now because the market's kind of set regardless of what we get in the next 30 days for data or something like that well definitely CPI I mean even months back I said the six months ago that as we move forward now your your big economic numbers are once again very important now like CPI PPI and what have you and I think they're going to drive the bond market even more they're gonna help accelerate the rise in interest rates that acceleration and bonds man notes out I love it we appreciate the conversation as always man we'll talk to you next week thank you