Uranium spot prices may have found a floor after falling to $64/lb from a $107/lb peak in February last year. This drawdown has been unexpected considering the strength of the underlying supply-demand fundamentals for uranium.…
Our Commodities strategists believe Saudi Arabia is pursuing a controlled price war. Riyadh is intentionally pushing oil prices lower to regain market share and reset relations with the US. With OPEC+ production rising despite…
Negotiations on trade, Iran, and Ukraine will prove critical this month. Markets will remain volatile because positive data surprises enable the White House to press its hawkish tariff hikes, while negative surprises force the White…
Our Commodity strategists stay short oil and long gold as global demand weakens and OPEC+ offers no support. Brent’s floor has likely fallen to $50, and bearish supply and demand forces continue to dominate the price outlook. …
MacroQuant sees the risks to US growth as being to the downside and the risks to inflation as being to the upside. Such a stagflationary brew justifies an underweight on stocks.
MacroQuant sees the risks to US growth as being to the downside and the risks to inflation as being to the upside. Such a stagflationary brew justifies an underweight on stocks.
Our Commodity strategists remain defensive as both demand- and supply risks abound. Stay long gold and underweight oil and copper as increasing OPEC+ supply and tariff-driven demand risks will hurt energy and industrial metals prices…
Our Commodities strategists remain defensively positioned, recommending a long gold versus oil and copper trade over a cyclical timeframe. While gold may correct near term, it still offers safe-haven appeal in the face of rising…
Going into April, MacroQuant recommends a modest underweight on stocks, offset by an overweight on bonds and cash. While MacroQuant is modestly bearish on stocks, we suspect that the downside risks to equities may be greater than…
Going into April, MacroQuant recommends a modest underweight on stocks, offset by an overweight on bonds and cash. While MacroQuant is modestly bearish on stocks, we suspect that the downside risks to equities may be greater than…