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The Flow Show report highlights the performance of various asset classes, with crypto scoring the highest at 32.0%, followed by stocks at 14.2%, oil at 9.1%, HY bonds at 6.1%, gold at 5.5%, commodities at 5.2%, cash at 3.2%, IG bonds at 2.1%, US dollar at 1.3%, and govt bonds at -2.5% YTD. The report also discusses the current zeitgeist, with "soft landing" being a popular topic, but acknowledges that bond managers with more than $150bn of AUM believe a hard landing is likely. The report notes that oil prices have reached a 10-month high due to factors such as a 40-year low in US days of crude oil supply, Saudi/Russia production cuts, and strong demand from India and China. The report also suggests that there may be upward pressure on CPI from energy and that the Saudis are no longer recycling oil revenues into USTs.