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Well, the market has finished another week in the black.

In fact, the S&P 500 managed a new all-time record high today.

But what's far more significant than what's happening in the stock market is what's happening

in the commodity market and what's happening in the bond market.

Because both commodity prices and bond yields continue to soar.

Let's talk about oil.

I've been talking about oil on this podcast really since the price went negative back in

March of last year.

Talking about how that was likely a massive bottom in the price of oil.

Today we closed at better than $59 a barrel.

This is a new post-COVID high.

We closed at $59.55.

So only $45 cents away from $60 oil.

And personally, I think that after maybe a brief consolidation around that $60 price,

I think we can make a B line for $80.

And in fact, I think we have a good chance of seeing $100 oil before the end of the

year.

Again, the last time we had $100 oil was in 2014.

...