The next domino to fall in the Strait of Hormuz could be… helium?
 

Hey Snackers,

We thought we could resist the siren call of a new gaming system, and to date we’d managed not to purchase a Switch 2. Until a new game hatched: “Pokémon Pokopia,” which unfortunately for our wallets, combines our passion for “Pokémon” with Nintendo’s second-bestselling game of all time, “Animal Crossing.” We’re not alone: the game is selling out globally, driving a host of new buyers for the console and raising Nintendo’s share price, too. 

The S&P 500 and Russell 2000 dipped, while the Nasdaq 100 just barely eked out a gain yesterday. Despite the largest-ever release of oil from strategic reserves, the price of crude oil continued to climb, and while February CPI showed that headline inflation rose an expected 0.3% month on month, these numbers might not matter much right now, as the volatility in oil prices promises to dominate the inflation outlook in the near term.

 
SURVEY SAYS...