This is a bit of a guess on my part, but I think crude is sputtering with its breakout.

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Today’s the day. It’s here at last: the day that the celebrated Federal Reserve begins, once again, the process of ever-so-slowly extracting the trillions of dollars of “accommodation” they fire-hosed onto the financial markets. You wouldn’t know it, judging from the all-green equity futures right now, which frankly don’t seem quite what to do with themselves.