What study of past 8 oil shocks telling us

The post analyzes historical oil shocks and their impact on gold, treasuries, the dollar, and tech stocks (QQQ). The author posits that rising oil prices necessitate central banks selling gold and treasuries to acquire USD, leading to initial price drops in these assets. The analysis suggests a potential significant downturn for QQQ if treasury yields continue to rise due to this mechanism, implying a bearish outlook for the tech sector and a cautious stance on gold's initial reaction despite its eventual recovery.