5 yr T-Note went off at 4%, so the risk-free rate of return keeps inching up, and for longer duration. Cruise stocks nearly all hitting new highs today (gotta wonder how many of these trips are being put on credit cards) Supposedly, two production cuts in oil, and yet the price can barely stay above $70. Suggests serious lack of demand. Cardboard box demand plunging as well: https://twitter.com/WallStreetSilv/status/1670274046443782144