Ukraine-Russia War & Red Sea Shipping: Positioning The Ukraine-Russia Conflict saw little movement with some territorial losses by Ukraine in the east. Russia pressed with its weight in numbers though evidence of equipment shortages was seen by the utilization of antiquated tanks (i.e., T-62s which were first introduced in…
During the month of February, Crypto (+44.91%) and Softs (+7.81%) were the top performers. The bottom performers were Grains (-4.61%) and Metals (-2.70%). Crypto (+44.91%) had an enormous month, with Bitcoin (+44.56%) soaring over $60,000 for this first time since 2020. Softs (+7.81%) were carried by big rallies in Cocoa…
Commodities: Global OPEC Oil Output Decreased to 26.6 million barrels per day (mbpd) in January, as the country of Angola left the cartel so that it would not have to abide by production quotas (though its production was not significant anyway). Production also fell in Libya temporarily by 300,000…
2023 was a lackluster year for CTAs – one that brought few complaints, but few accolades, as well. CTA indices reported slightly negative results, with Barclay’s CTA index posting a ~-0.30% return for the year, and the SG CTA index posting a return of ~3.4%. Similar to 2022, trend following…