Jason Calacanis
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Appearances Over Time
Podcast Appearances
Okay, let's end on this market update.
Macro picture, not great.
Oil remains elevated, although...
There might be a settlement.
Every week we have there is a settlement coming.
Maybe this time, 16th time, it's a charm and the Iran war is going to wrap up.
But we're in week 12 of it.
And this was supposed to be four to six weeks.
So wars never get resolved quickly.
That's one thing we've learned in our lifetimes.
Oil is driving inflation massively higher.
Polymarket says 99% chance May inflation comes in at 4.2% or higher.
higher survey of professional forecasts is projecting CPI hits 6%.
You heard that right, folks, we weren't just talking about a 3% handle, which we just hit.
Now people are saying four or five and 6% in Q2.
And obviously, that's a huge revision.
And the narrative was, hey, more Fed rate cuts coming.
Now we're talking about Fed
rate increases.
Inflation is causing, obviously, bond yields to rise.