This is the Moment We’ve Been Waiting For…

TOPICS AND TIMESTAMPS:
Inflation 0:00
Europe Buys Abu Dhabi Oil 0:41
Financial Flip 5:56
Wild Markets 8:37
Russia Ukraine Fires 10:39
David Rosenberg on Twitter: "As the hawkish bravado builds over the Fed, keep in mind that the only time in history that it started a tightening campaign with the stock market this weak (as in, all the major averages languishing below the 200-day trendlines) was in …1987 (ouch). Take your umbrella with you!" / Twitter
https://twitter.com/EconguyRosie/status/1518586546366173184?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1518586546366173184%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Fus-big-tech-shrugs-beijing-bloodbath-bond-yields-bullion-black-gold-battered
Inflation Got You Down? At Least You Don’t Live in Argentina. - WSJ
https://www.wsj.com/articles/inflation-got-you-down-at-least-you-dont-live-in-argentina-11650898676
Japan readies $48bn package to ease inflation pain - Nikkei Asia
https://asia.nikkei.com/Economy/Japan-readies-48bn-package-to-ease-inflation-pain
Abu Dhabi crude to head to Europe, replace Russian oil - sources | Reuters
https://www.reuters.com/business/energy/frances-totalenergies-ship-abu-dhabi-crude-europe-rare-move-sources-2022-04-25/
Oil Updates — Crude hits two-week low; Abu Dhabi crude heading to Europe; India doubles purchase of Russian oil | Arab News
https://www.arabnews.com/node/2070016/business-economy
JCPenney owners offer to buy archrival Kohl's for $8.6B