During the month of November, Crypto (+11.06%) and Indices (+9.22%) were the top performers. The bottom performers were Energy (-6.97%) and Livestock (-6.19%). Crypto (+11.06%) posted its third straight positive month, with back to back months of double digit percentage earnings. As we move into winter, Livestock (-6.19%) earnings have…

Commodities: Global   OPEC Oil Output Rose again in October, reaching 27.9 million barrels per day (mbpd), as Angola and Nigeria increased production while Saudi Arabia and Russia reiterated their voluntary reductions though it became more apparent that Russia has not reached 100% of what they promised.  They have a…

Ukraine & Israel:  Attack / Counter-Attack   The Ukraine-Russia Conflict saw little progress by both sides as Ukraine inched forward in the south-east around Bakhmut and Russia inched forward in the north-east close to Kupyansk and Stelmakhinka.  There was some evidence that the Ukrainians are more aggressively using the longer-range…

During the month of October, Crypto (+18.57%) and Softs (+6.74%) were the top performers. The bottom performers were Livestock (-5.55%) and the S&P GSCI (-5.36%). October has traditionally been the most volatile month for markets, and this year was no different. As it starts to get colder, Natural Gas (+22.06%),…