A.M. Look 6/6/23

Risk spreads put in new highs for the year yesterday and are stalling out.

Oil is in the middle of its recent range.

Wheat is reacting to Russian aggression and a drought in Australia, which is expected to reduce their output significantly.

Last night it was short Shanghai and long Nikkei.

I’m not looking for anything today.

https://www.bloomberg.com/news/articles/2023-06-06/destruction-of-dam-in-ukraine-threatens-flooding-in-battle-zone?utm_source=website&utm_medium=share&utm_campaign=email

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