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Russian Oil: Too Good to Sanction 👌
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Russian Oil: Too Good to Sanction 👌

In an unexpected turn of events, Russian oil exports have hit a three-year high despite US sanctions. And how did they do it? By going through a little thing called "money laundering." Turns out countries like Saudi Arabia are more than happy to resell Russian oil to Europe, no questions asked. It's a classic case of "if there's a will, there's a way" – and apparently, there's always a way to get around those pesky sanctions. But don't worry, the US is on it. They're currently brainstorming new ways to tighten their grip on Russian oil...while Russia continues to rake in the profits.

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Catalysts

Crypto stocks on a tear this week and should be on heavy watch ($COIN $RIOT $MARA $BTBT $HUT)
U.S. Dollar Index falls for 4th day in a row ($DXY)
Twitter says no supporting tweets up to 10,000 characters long ($TWTR)
US Commerce Mar Retail Sales -1%; Consensus -0.5%
US Mar Import Prices -0.6%; Consensus -0.1%
Russian Economy Ministry raises bret oil price forecast for 2023 to $80.7 per barrel
JPMorgan is up about 6% post earnings announcement while Wells Fargo remain up 2% and Citigroup up 3% ($JPM $WFC $C)
Fed Bostic: After one more interest rate hike, US Central Bank can pause and assess
China military continues to carry out actual combat training