From the Desk of Our CIO
Drill, Baby, Drill: Trump’s Return Fuels U.S. Oil Boom & Market Shifts
As financial markets digest the implications of another presidential term for Donald Trump—this time with a more definite mandate as the Republicans control both legislative branches of Congress—one of the outcomes has been a rising U.S. dollar. The U.S. dollar has gained +3% against a basket of global currencies since the election, due to expectations […]
From the Desk of Our CIO
Trump’s Return to the White House: What His Economic Agenda Means for Markets & the Working Class
In a historic week, the United States elected Donald Trump as their 47th president, only the second president to be elected for non-consecutive terms after Grover Cleveland in 1893. While not a landslide in relation to Obama’s first term where he won 365 seats and almost 54% of the popular vote, the outcome of last week’s […]
From the Desk of Our CIO
Market Fireworks Ahead: U.S. Election & Fed Decision Drive Volatility as Investors Brace for High-Stakes Week
Investors are bracing for an eventful week in financial markets, with the U.S. election on Tuesday followed by the Federal Reserve (Fed) interest rate policy meeting that culminates on Thursday. As to be expected, volatility markets are placing a premium on near-term crash protection, though we’ve also seen the whole volatility futures curve move higher […]
From the Desk of Our CIO
Gold Rush or Bubble Burst? Navigating the Precious Metals Market Amid Election Uncertainty & Economic Shifts
A couple of weeks ago, I wrote a note explaining that even though the Federal Reserve had recently reduced the overnight interest rate by 50 basis points, long-term bond yields have since moved higher, which could be counterintuitive for casual market watchers. Stronger-than-expected economic data was one of the catalysts that has put upward pressure on […]
From the Desk of Our CIO
Mind Your Duration: Navigating Growth, Inflation, & the Fiscal Impulse
It’s been close to a month since the Federal Reserve (Fed) embarked on what is likely to be the start of a rate cutting cycle, lowering the overnight rate by 50bps. While attention was focused on the “jumbo” nature of the interest rate reduction, given the Fed generally adjusts interest rates in 25bps increments, […]
From the Desk of Our CIO
China’s Adrenaline Shot: ‘Whatever It Takes’ Stimulus Package Sparks Investor Sentiment
A few weeks ago, I wrote a note on the state of the industrial metals market and how sentiment had been weighed down by sluggish demand out of China. Not only was a slumping property market stoking concerns that Beijing would miss their official growth target, but the upcoming U.S. election could have massive ramifications […]
From the Desk of Our CIO
The Bitter Truth: Why Your Morning Coffee Costs More & What’s Brewing for the Future
A key pillar of both U.S. political parties’ economic platforms is delivering a plan aimed at reducing consumer prices, which has been a major issue on both a local and global scale. In a recent note, we showed that the pace of rising food prices has been slowing, yet individuals are still unhappy with the cost […]
From the Desk of Our CIO
Industrial Metals Under Pressure: Is Copper Nearing a Turning Point Amid Global Uncertainty?
Over the last three months, broad commodity markets have experienced a notable pullback. Outside of the softs sector, which encompasses commodities like cocoa, sugar, coffee, and orange juice, there aren’t many commodities that are in the green over the last three months. Industrial metals have experienced some of the most prominent drops, with copper, aluminum, […]
From the Desk of Our CIO
U.S. Election Economics: How Harris’ Rise Could Impact Financial Markets
A little over a month ago we released a note detailing the pillars of Donald Trump’s economic platform, and if Trump were to win the presidential election in November, how these policies from the campaign trail could influence price action in financial markets. The note was released just after Joe Biden dropped out of the […]