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magic the gathering
April 12, 2005: Brent Krott, 15, holds a hand of cards in a game called Magic the Gathering At Crossroad Games in Standish.
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Hey there market people. Phil Rosen here. 

I spent much of yesterday parsing through pages of data on where Russian oil is heading and how much buyers are paying for barrels. 

The clearest takeaway is that the West's sanctions do in fact seem to be taking a toll as intended — Moscow's export revenues are down, but plenty of oil remains available as far as global supplies. 

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People talking at a job fair
Marlith Kanashiro (L) speaks with a recruiter at the ISG booth setup in the Mega Job Fair held at the FLA Live Arena on June 23, 2022 in Sunrise, Florida.
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Howdy, readers. Phil Rosen here, reporting from New York City. 

For many months now, I've been having conversations and writing about economic indicators that all point to a recession. 

But it still hasn't officially happened yet, at least according to the secretive, little-known group that's responsible for declaring them. They've stayed mum even as the economy goes haywire.

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US stock market traders
First Republic plunged 44% intraday, bring its stock price to all-time low.
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stock market crash
Despite the market's resiliency this year, a BlackRock strategist says to be cautious of equities.