Crude Rips, Crypto Flips, Stocks Dip, As Fed Fears Eclipse All

Tl;dr: A lack of off-ramp suggestions pushed oil prices to April highs with refined products rising amid a lack of energy-ceasefire in Ukraine. Higher oil lifted Treasury yields (long-end more) and weighed on stocks as more AI doomers pressured tech stocks. The dollar was 'safe haven' for the day with gold flat and bitcoin flipping from yesterday's high to one-month lows.

Energy