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View all articlesThis is what’s driving the big increase in U.S. oil production (from Bloomberg)…
Read articleThe Great Convergence: Why natural-gas prices could soar in the months ahead (from Goehring & Rozencwajg Associates)…
Read articleHere’s a “periodic table” of commodities returns over the past 10 years (from Visual Capitalist)…
Read articleCommodities veteran: There’s “definitely a bullish case” for 2024 (from Bloomberg)…
Read articleHistory suggests a new commodity cycle is underway (from Crescat Capital)…
Read articleBut this commodity cycle may be different from the last (from PauloMacro’s Substack)…
Read articleMarket positioning suggests commodities could be close to a significant bottom (from Ronnie Stoeferle via X)…
Read articleThe U.S. SEC officially approved spot Bitcoin exchange traded funds (ETFs) this month (from The Wall Street Journal)…
Read articleWhy Bitcoin ETFs matter (from Timothy Peterson, CFA CAIA via X)…
Read articleGlobal-banking-giant Standard Chartered forecasts Bitcoin ETFs could ultimately see inflows of $50 to $100 billion this year (from Bitcoin Archive via X)…
Read articleBitcoin ETFs represent a “spiritual reversal” of the U.S. government’s confiscation of gold (from balajis.com)…
Read articleRemember this chart the next time a disingenuous politician claims Bitcoin facilitates money laundering (from zerohedge via X)…
Read articleBitcoin is already the second largest commodity ETF asset (from Bitcoin Archive via X)…
Read articleYou may be surprised to learn who owns the most Bitcoin (from Walker via X)…
Read articleInvestment Chronicles Issue 10
Read articleThe big story this month was the apparent policy “pivot” from the Federal Reserve. At its latest Federal Open Market Committee (FOMC) meeting on December 13, Fed officials signaled a likely end to its aggressive rate-hiking campaign and projected it would likely cut interest rates three times in 2024 (from The Wall Street Journal)…
Read articleFutures markets quickly became even more “dovish” than the Fed, pricing in up to six interest rate cuts next year (From Jim Bianco via X)…
Read articleInvestors broadly cheered the news as positive for both the economy and risk assets. However, history suggests caution is warranted. Going back to at least the 1950s, Fed pivots have been highly correlated with rising unemployment (from The Kobeissi Letter via X)…
Read articleOver the same period, Fed pivots have also generally been bearish for stocks over the intermediate term. This has been particularly true following aggressive cycles when inflation has been high, stock market valuations have been extreme, and corporate and consumer debt burdens have been elevated – all of which are true today (from Michael A. Gayed, CFA via X)…
Read articleMeanwhile, this policy shift is occurring with headline consumer price inflation still well above the Fed’s official target, setting the stage for a sharp potential rebound like that which occurred in the late 1970s (from Torsten Slok via The Daily Spark)…
Read articleEvery recession looks like a “soft landing” initially (from Win Smart, CFA via X)…
Read articleData suggest corporate revenue has peaked (from Albert Edwards via X)…
Read articleHere’s a contrarian look at “liquidity” (from Alf via X)…
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