This is the video recording of the July 2023 Mid-month Conference Call.

From the Desk of Ian Culley @IanCulley

"Sell the two… Utah! Sell the two!"

I’ve parroted my bond outlook during internal meetings and across our Slack channels in recent weeks, partly in jest but mostly to highlight...

This is the video recording of our July 5th Monthly Charts Live Strategy Session

From the Desk of Ian Culley @IanCulley

Messy, messy, messy.

If there’s one market description I’ve grown tired of more than others – it’s "messy." It’s my pain trade. 

Interest rates,...

From the Desk of Ian Culley @IanCulley

Investors are bidding up growth names.

Perhaps it comes as a surprise, given elevated interest rates.

It did catch me off guard, but it hasn’t stopped me from taking advantage of...

From the Desk of Ian Culley @IanCulley

Forget about Wednesday’s FOMC decision.

Yes, investors continue to react, unpacking Jerome Powell’s words while looking ahead to next month’s meeting. It’s a never-ending cycle proffered by...

From the Desk of Ian Culley @IanCulley

International credit spreads are contracting.

Investors are running from imminent global collapse by reaching for emerging market bonds over risk-free US Treasuries. 

Wait, perhaps...

From the Desk of Ian Culley @IanCulley

US interest rates have churned within a tight range for months. 

Remember: Sideways is a trend. 

While...

From the Desk of Ian Culley @IanCulley

"You can’t pay me enough to buy US Treasuries."

That’s the message from the bond market.

The result: a persistent rise in interest rates.

Classic intermarket ratios – copper...

From the Desk of Ian Culley @IanCulley

Tech stocks don’t care about the manufactured debt limit crisis. Nor are they bothered by the...

Bonds are catching a bid as a risk-off tone plays across the market. 

Aside from intraday knee-jerks in price, not much has changed. Rates and the...

From the Desk of Ian Culley @IanCulley

Fed Chair Jerome Powell has spoken…

And not much has changed. Rates churn sideways as bonds carve out ...

From the Desk of Ian Culley @IanCulley

What caught my attention following the SVB collapse wasn’t the headlines so much as how the markets handled the news and the stress that followed.

It’s difficult to find the silver...

This is the video recording of the April 2023 Mid-month Conference Call.

From the Desk of Ian Culley @IanCulley

Despite another CPI report and the latest job numbers reflecting easing inflationary pressure, markets are a mess!

Indecision and uncertainty...

From the Desk of Ian Culley @IanCulley

US Treasury futures are breaking out.

The 30-, 10-, and 5-year contracts are trading above our risk levels....

This is the video recording of our April 3rd Monthly Charts Live Strategy Session

From the Desk of Ian Culley @IanCulley

Bonds are taking a breather as stocks recover.

Bond market volatility is cooling off as the banking collapses and the...

From the Desk of Ian Culley @IanCulley

The Federal Reserve handed down a 25-basis-point rate increase on Wednesday.

And Fed Chair Jerome Powell implied an impending pause in the hiking cycle.

You know what this means...