Watching oil closely after today's move, keeps rate cut discussion interesting

Bit of a surprise today with $USO seeing a solid pop, up over 1.2% and touching 126.92 at its high. This kind of persistent strength in oil could complicate the inflation picture slightly, particularly if it holds. It's not a runaway move yet, but something to keep an eye on, especially with the Fed's ongoing focus on inflation metrics and how that impacts the rate cut timeline.

Doesn't change my broader watchlist too much, but it does add a layer of complexity to the 'soft landing' narrative. If we see oil sustain these levels, it might provide some headwinds for sectors that are particularly sensitive to energy costs. Just keeping it in mind as I track broader market movements.