Oil corrects back below $75. Gold up, BTC remains in range. BTC in range. Most equity indices continue in range. Survey sentiments dip. US initial claims slightly up to 373k. FED balance sheet in a flat cycle. Inflation expectations maintain range. 10 Yr Treasuries test breakthrough of bottom of recent range. Long end of curve … Read more
Oil crests $75 a barrel, continuing rally. Cattle price levels out. BTC maintains range. S & P 500 outperforms broader global equity markets. Strong month for US labor market, lead by initial claims dropping to 364k. Real estate loan value back on the rise. Fed balance sheet continues to grow. Inflation expectations still within last … Read more
Opec crude approaching $75 a barrel. Wheat down while cattle ends up. BTC ends week near bottom of recent range. SP500 breaks out of range, but global equities broadly choppy. US Initial Claims nearly constant with 411k new claims on the week. FED continues expanding balance sheet. Inflation expectations pause descent.
In commodities, gas continues rise, gold, wheat, and soybeans down. BTC tests upper limit of range but reverses back towards mean. Most global equity indices down on week. In the US, initial claims tick up to 412k. FED asset purchases continue. 10 Yr benchmarks still in range. Curve still trading towards flattening. OAS drops across … Read more
Agricultural and Metal prices remain in range, while Energy on the rise again. BTC continues in range as well. Not much movement in global equity indices, though SP500 manages new highs. US initial claims continue descent to 376k. FED purchases continue. Inflation expectations see a correction. Benchmark yields follow same trajectory.
Commodity prices rise on week. BTC continues to trade in range. Mixed week for global equities. SP500 ends week risk on. US survey sentiments tick back up. US Jobless claims continue to trend lower with 385k new claims. Fed asset purchases continue. Inflation expectations flag. Benchmark Treasuries remain in range.
Short term commodity price momentum still seems to have peaked. Gold continues to rally as Bitcoin corrects. Equity indices mixed. SP500 price action fades. Initial claims in the US drop to 406k. US Real Estate Loan Levels continue month over month decline despite a heated housing market. FED purchasing programs plow on. Inflation expectations in … Read more
Commodity indices continue to consolidation, with biggest correction in Agri. BTC correction continues. Equity indices remain in recent range. Initial claims in US continue decline to 444k. FED assets purchases in upcycle, Inflation expectations temper. Benchmark yield stabilizes. Curve remains stable.