Powell Update: Hawkish Leaning
Powell noted that higher inflation is now expected in 2026, but that is not solely due to the recent surge...
fOMC Policy Statement/SEP
Fed Funds Rate Unchanged in 11:1 vote. Miran dissents again in favor of a rate cut. Fed Projects (1) 25...
Escalation Ahead of the FOMC
Tuesday’s brief geopolitical calm evaporated quickly. The U.S.-Israeli war with Iran was set to become the largest oil supply disruption...
Afernoon Update
3C is a touch stronger across volatility assets, with a pick up into the close. None really jump off the...
Market Update – Dull Pre-FOMC Trade
Participation is broad, though stocks faded from early gains. As we saw yesterday, stocks’ correlation with crude oil is starting...
Afternoon Update
Gold is holding around $5k. Gold Miners are showing a hint of relative strength, which we haven’t seen recently. It’s...
Relief Rally: Low Conviction
The familiar weekend pattern (U.S./Israel attack Kharg Island ~90% of Iranian exports) after the market close Friday, then jawbone crude...
Afternoon Update – Escalation, But What?
Not too much has changed from my lasty update, but it appears several assets are reflecting uncertainty and concern, and...
Escalation: Boots on the Ground?
The stock market opened to broad gains, reclaiming a meaningful chunk of yesterday’s weakness, though they are off of their...
Afternoon update: Yields Sharply Higher with Oil
Not the prettiest day for stocks as higher oil prices, yields and dollar weigh on prices, but also the mega...
From Hormuz Attacks to Tech Targets: Situation/Market Update
I can’t remember the last time I had so much work on so many fronts. I don’t want to be...
Intraday Update
It’s been pretty slow since the last update. There was a slight dip in oil as news crossed the wires:...
IEA Approves 400M BBL; Crude Higher
Developments on the energy front continue to garner attention from the market. After two days of sharp retreats, the price...
Afternoon Update: Iran Laying Mines in the Strait?
THE IEA’S “EXTRAORDINARY MEETING” ENDS WITH NO DECISION ON CRUDE STOCKPILE RELEASE: FT Following up on earlier reports, CNN REPORTS...
Crude Disinfo/MisInfo Sends Stocks Lower
U.S. Energy Secretary, Chris Wright, claimed/posted that the U.S. Navy escorted a tanker through the Strait of Hormuz: “President Trump...
Market Update – Oil Dynamics, Jawboning, Spoofing, and Maybe Escorting
There’s been a whole lot of waiting in a dull market, and then sudden movement on more jawboning efforts to...
Afternoon Update
One of the things that stands out today is volatility’s relative weakness right out of the gate with VVIX leading...
Market Update
The G7 meeting has ended with no confirmation of an oil reserve release, but the G7 will have another meeting...
Afternoon Update
I am happy for the Crude oil trade, but I wish the week was not dominated by geopolitical headlines. My...
Crude Consolidation
WTI Crude, thankfully (if you’re long oil) started a consolidation. It was getting a little tense there for a moment...
