During the month of October, the top 3 performing sectors were: Metals (4.78%), Livestock (3.37%) and Grains (2.94%). Palladium, platinum and silver led the way in metals, live cattle led the way in livestock, and natural gas was up 13% as more cold weather approaches. The bottom 3 sectors were:…

Macro trading is an investment strategy that is designed to take advantage of structural imbalances in global asset markets caused by economic, financial, social or political factors.  On a tactical level it utilizes a pre-determined measure of risk to gain maximum leverage in asymmetric investment opportunities.  Based on fundamentals, it…

Global   Recession Warnings came fast and furious in September with the OECD cutting 2019 GDP growth by -0.3% to +2.9% for the year, the IMF reducing growth to +3.2% and IHS Markit’s Purchasing Managers’ Index (PMI) indicating contractions in manufacturing in a majority of countries. OECD 2020 projections look…

Global Oil Production Cut by 5% and Market Yawned:   To be fair, the oil market did react on the attack by Iran (or its proxies) on Saudi Arabia’s largest oil blending facility at Abqaiq: prices moved up almost 15% over the weekend from $54.85 to $62.90 per barrel.  However,…