During the month of March, Metals (+9.99%) and Livestock (+4.72%) were the top performers. The bottom performers were Crypto (-10.46%) and Indices (-6.22%). The bullish performance in Metals (+9.99%) was led by Copper (+11.19%).  The bearish performance in Indices (-6.22%) was led by the Nasdaq (-8.07%). The next FOMC meeting…

Commodities: Global   OPEC Oil Output Rose in February, a Reuters survey found, as Iranian exports held strong, despite renewed U.S. attempts to curb the flows, and Nigeria boosted output above its target within the wider OPEC+ group.  OPEC pumped 26.7 million barrels per day (mbpd) last month, up 170,000…

War: Ukraine-Russia   Wars Can Be Lost Off the Battlefield, as Ukraine’s Zelensky found out in his meeting with Trump at the end of February where he found out that Trump does not care for insistent demands without the carrots of appreciation and compensation.  Whether from being tone-deaf or following…

During the month of February, Energy (+4.04%) and Interest Rates (+2.39%) were the top performers. The bottom performers were Crypto (-24.78%) and Softs (-7.12%). The bullish performance in Energy (+4.04%) was led by Natural Gas (+25.95%).  With global political tensions high, the S&P 500 (-2.67%) receded to two-month lows. The…