From a risk perspective the price action is problematic...

Louisiana Offshore Oil Port?

Can we have some global warming please, Mr. Al Gore... 

Oil prices are lower this morning despite a less-hawkish-than-feared Fed cut and a double-whammy of relative optimism from OPEC and the IEA...

"Last night was precisely what the market didn’t want… disappointing performance and rapidly rising capex." - Goldman

Ceding Ukrainian territory by vote?

"Far too many innocent Americans have been killed by illegal aliens driving semi-trucks and big rigs ...The Trump Administration is ending the chaos..."

Trading is about managing the path, not the destination, and these charts really don’t capture that difficulty...

Phone call expressed support "in face of growing external pressure."

"RFK Jr. has turned his back on science and the safety of the American people. Michiganders cannot take another day of his chaos"

Overall, this was another solid auction with impressive demand and refuting creeping concerns about rapidly rising long-end yields amid a global bond selloff, one which for now at least has avoided the US.

...in a scenario where there’s additional investor diversification because current gold positioning remains low.

60 votes are needed...

Gas prices crash under Trump...

You don’t get moves like this unless the market is starting to lean into a better growth outlook...

Silver volatility has actually moved slightly lower compared to last week's highs, despite the underlying surging further. Watch this closely...

Sigh...

Joint US-Japan patrol a serious escalation...

Falling US and global bond prices together with rallying commodities are a clear sign the market is anticipating a structural rise in inflation.

Can we have an AI bull with ORCL puking and NVDA trading this soggy?