Winter is coming. Just ask your friends up in Buffalo, New York, as they dig themselves out of four feet of snow! But judging by oil futures, one would never know — crude was down 1.75% on the day and ended the week down 10%. Energy is up 65% y/y, so conversations are beginning to rumble in regard to demand concerns, recessionary fears and hence, some cracks in the pavement for crude/energy.

Markets have come really far, really fast, and the risk of late has been for a pause or reversal. (Foreshadowing inserted). The past 2 days have seen a little of that risk coming to life. Hawkish tones could be heard across the land today as markets were unable to find their footing from the opening bell. This was mostly thanks to the various Fed speakers who graced the media wires.

Sports are dumb. Ok, let me backtrack a bit. There are certain moments/experiences for a sports fan that will make the proverbial bucket list. When it comes to American football, visiting the “frozen tundra” of Lambeau field in Green Bay qualifies as one. I was able to tick that box this past weekend and with the opponent being my beloved Dallas Cowboys, the emotions for this moment were further elevated.