Tangled Trade Tensions    makes headlines but political noise gets in the way of understanding its impact. Per the NY Fed’s blog (libertystreeteconomics.com) on November 25th, import prices on Chinese goods are slightly lower (-2% on average) since the first additional tariffs were imposed in July 2018.  As a reminder,…

During the month of November, the top 3 performing sectors were: Softs (6.39%), Indices (3.88%) and the S&P 500 (3.40%). Equity markets reached all time highs as indices saw continual growth and a slight relief from damaging news. The bottom 3 sectors were: Energies (-2.19%), Metals (-2.10%) and Currencies (-1.53%).…

During the month of October, the top 3 performing sectors were: Metals (4.78%), Livestock (3.37%) and Grains (2.94%). Palladium, platinum and silver led the way in metals, live cattle led the way in livestock, and natural gas was up 13% as more cold weather approaches. The bottom 3 sectors were:…

Macro trading is an investment strategy that is designed to take advantage of structural imbalances in global asset markets caused by economic, financial, social or political factors.  On a tactical level it utilizes a pre-determined measure of risk to gain maximum leverage in asymmetric investment opportunities.  Based on fundamentals, it…