This week we look at the following charts and themes:

1. Crude oil prices vs energy stocks - (potentially substantial) downside risks for crude oil prices

2. Fed balance sheet normalization plan - best laid plans...

3. QT vs the US dollar index (upside risk scenario) - US dollar could be headed much higher

4. The Big 3 QE and the exit from experimental policy settings - the turning of the monetary policy tides

5. QE adjusted policy rates vs global equities (volatility returns)

(Video length 00:08:06)