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“There is nothing new in the world except the history you do not know.” – Harry Truman

Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.  

As shown below, we’re entering the last trading day of the week with all of key US index ETFs still in overbought territory:

Gas prices continue to spike with the average price for a gallon of regular unleaded up to $4.55/gallon nationally.  Ten days ago near the end of April, prices were at $4.17/gallon, so they’ve seen another meaningful pick-up recently.

Just before the Iran War, gas prices had fallen down into the $2s.  Now they’re closer to $5/gallon than $4.

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