Playback speed×Share postShare post at current timeShare from 0:000:00/Paid episodeThe full episode is only available to paid subscribers of Navigating The MarketSubscribe to watchMarket Prices In Two Fed Rate Hikes As Oil Breaks OutMichael J. KramerJul 13, 2026∙ Paid2ShareThis post is for paid subscribersSubscribeAlready a paid subscriber? Sign inNavigating The MarketSubscribeAuthorsMichael J. KramerRecent PostsStocks Fall As Liquidity Drain Ramp-Up Takes HoldJul 7 • Michael J. KramerDispersion Gets More Extremes As The T-Bill Liquidity Drain BeginsJul 6 • Michael J. KramerJob Report Surprise Leads To Market Rotation As Semiconductor Weakness ContinuesJul 2 • Michael J. KramerA Complacent Market Drifts Into the June Jobs ReportJul 1 • Michael J. KramerThe Liquidity Drain Begins Next Week, As The Market Continues To Stretch Jun 30 • Michael J. KramerIntervention Won’t Fix The Yen and Why It May Weaken Much More - Advanced TopicsJun 30 • Michael J. KramerTreasury Bill Issuance and Volatility Could Become July’s Biggest HeadwindsJun 29 • Michael J. Kramer