Tariff Terror   The Long-Dreaded Trump Tariffs unfolded at the beginning of April with rates that were in addition to current levels, making China’s over 50%.  Of course we have to remember that these taxes assessed at the factory value, not at retail, so the impact is on the cost…

During the month of March, Metals (+9.99%) and Livestock (+4.72%) were the top performers. The bottom performers were Crypto (-10.46%) and Indices (-6.22%). The bullish performance in Metals (+9.99%) was led by Copper (+11.19%).  The bearish performance in Indices (-6.22%) was led by the Nasdaq (-8.07%). The next FOMC meeting…

Commodities: Global   OPEC Oil Output Rose in February, a Reuters survey found, as Iranian exports held strong, despite renewed U.S. attempts to curb the flows, and Nigeria boosted output above its target within the wider OPEC+ group.  OPEC pumped 26.7 million barrels per day (mbpd) last month, up 170,000…

War: Ukraine-Russia   Wars Can Be Lost Off the Battlefield, as Ukraine’s Zelensky found out in his meeting with Trump at the end of February where he found out that Trump does not care for insistent demands without the carrots of appreciation and compensation.  Whether from being tone-deaf or following…