Global View
A Record Quarter, a 40-Year Yen Low, and a Refuted Peace Trade: Q3 Has Begun
The dot plot beat the peace trade at T+7, exactly as titled. A record quarter and a 40-year yen low now set Q3 terms.
Global View
Global View
When Oil Broke Gold's Hand
The Hormuz peace trade unwound crude and yields in lockstep, but gold refused to follow the script — and that refusal is the whole tell.
Global View
When the Yields Won
A blowout jobs print pushed the 10-year to 4.55%, and a holding Iran ceasefire pulled the geopolitical bid out from under everything.
Global View
Three Round Numbers and a Memorial Day Airstrike
Dow 50,000. Nikkei 65,000. KOSPI 8,000. NVDA prints the best quarter in semiconductor history — and U.S. jets struck Iran, Bitcoin ETF flows went sharply negative, and gold confirmed a 15% correction.
Global View
The Bond Market Voted Friday
Warsh confirmed, Powell walked out, CPI printed 3.8%, stocks hit all-time highs on Thursday — and then the 10-year yield had the final word.
Global View
The 8-4 Vote and the ¥5.4 Trillion Lie.
A Fed Divided Like It’s 1992, A Yen Defense That Cost 7% of FX Reserves, and Records Built on Borrowed Time
Global View
The Strait Is Open. The Crisis Isn’t.
Record Highs, an Oil Collapse, and a Ceasefire That Expires Tuesday
Global View
The Ceasefire That Resolved Nothing.
A Two-Week Pause, a $19 Oil Crash, and Islamabad’s Historic Failure
Global View
The Bounce Before the Binary.
A Relief Rally, a Jobs Surprise, and the Entire World Holding Its Breath for Sunday
Global View
April 6 Is the Only Date That Matters
Five Weekly Losses, a Broken Yen, and the Countdown to War or Peace
Global View
Super Week Delivered. Nobody Blinked.
Five Central Banks Held, the Rotation Died, and Brent Hit $116
Global View
When the Bombs Hit the Gas Fields
Gold’s $500 Crash, $119 Oil, and a Fed Frozen in Place