Some time it may be good, sometimes maybe shit.

It's Macro Mondays, Big Picture, Clearplay, stocks, bonds, FX, crypto on the way, get context

with satiety right now on your screen, Macromondays, level your week. Oh, yeah.

Hello out there.

Welcome to Real Vision.

Welcome to Macromandes.

My name is Miguel Rostom,

and as usual, I'm joined by Andres Deno.

And while I'm sending to you from Rainy Copenhagen,

Andreas, you're live with us from the warmth of Corsica.

Andres, before I get to ask you about the elephant in the room behind you,

let's start with the other elephant.

Do we need to worry about oil again?

I thought the war was over.

Well, I don't think you should ask me that question whether the war is over.

I think I've called it over like three or four

times. But I actually don't think the oil math looks that bad compared to, say, March or April.

So I'm not worried as we speak. But of course, we cannot live with a close rate for the rest of the

year. So it depends on your time horizon, Michael. That's the long answer to the short question.

And what's the big trade you're looking at right now, Andreas?

I think the big trade that everybody's looking at is the memory stocks.

You know, we've had bizarre volatility on Friday and on Monday here again in some of the names that everybody's involved in.

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