USO's Move and Its Ripple on Tech

Watching $USO creep up to $126.44 today has me thinking about its potential ripple effect on the broader market. Higher oil prices can squeeze margins for a lot of companies, especially in the tech and logistics sectors that rely heavily on fuel costs. It's not a direct hit, but it's another headwind for the broader market to contend with, particularly if the inflation narrative starts to heat up again from the commodity side. I'm keeping a closer eye on how the Nasdaq responds if this trend holds, as it could signal some rotation out of growth and into more defensive plays or sectors less impacted by energy costs.