From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley    

When it comes to the bond market, credit spreads are always top of mind. They provide critical information regarding the liquidity and stress of the largest markets...

From the desk of Steven Strazza @Sstrazza and Ian Culley @IanCulley

The US dollar is front and center as risk assets hang in the balance.

Earlier in the month, we placed the Australian and Canadian dollars...

From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley

Markets trend. Trends persist. 

Those crucial...

From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley

Bonds are digging in at some familiar levels.

For years now, we’ve pounded the table about the...

From the desk of Steven Strazza @Sstrazza and Ian Culley @IanCulley

Copper is challenging the lower bounds of its range.

The AUD/JPY is attempting to...

From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley

There’s always a bull market somewhere.

But the environment is tough right now.

...

From the desk of Steven Strazza @Sstrazza and Grant Hawkridge @granthawkridge

Defense wins championships. 

It’s important to remind ourselves of this as risk continues to come off the table.

The...

From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley

Credit spreads are widening to their highest levels since late 2020.

If it feels like we just mentioned spreads and the falling HYG/IEI ratio, it’s because we did...

From the desk of Steven Strazza @Sstrazza and Ian Culley @IanCulley

Despite the rising US Dollar Index, strength among commodity-centric currencies has been a key theme for...

From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley

A few weeks ago, we pointed out widening crack spreads and what they meant for oil refining stocks. You can read more...

From the desk of Steven Strazza @Sstrazza and Ian Culley @IanCulley

While most uptrends have come under pressure in 2022, the US dollar has remained as strong as any.

This dollar strength, particularly at the index level, is...

From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley  

The rally in some commodities has been near-vertical this year.

And we’re seeing this strength across the entire complex -- from...

From the desk of Steven Strazza @Sstrazza and Ian Culley @IanCulley

Earlier in the month, we pointed out breadth deterioration in the US dollar.

...

From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley

Equities continue to get hit. And yesterday, commodity-related stocks were not immune to the selling pressure.

Energy, metals, and natural resources, in general,...

From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley

A couple weeks ago we pointed out that the stock market was questioning the rise in rates.

From the desk of Steven Strazza @Sstrazza and Ian Culley @IanCulley

The US Dollar Index $DXY resumes its relentless march higher.

But the full story surrounding the dollar’s dominance is a bit more complicated.

Lately...

From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley  

Commodities are off to another record year -- and it’s only April!

Crude oil and friends are leading the charge as the energy-heavy CRB Index is up 34% year to...

From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley  

Treasury Bonds have collapsed in recent months as interest rates have rallied to their highest levels in years.

And it’s not just treasuries, the trend is lower...

From the desk of Steven Strazza @Sstrazza and Ian Culley @IanCulley

The turmoil in equity markets has stolen all the attention since last year. But stocks aren't the only asset class that's a mess. We're getting the same kind of mixed...

From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley  

Following some explosive moves earlier in the year, the past few weeks have been full of sideways action for commodities.

Energy contracts are correcting....

From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley  

Benchmark yields have moved in a vertical line higher since the beginning of March. This isn't just the case in the US; we're seeing...

From the desk of Steven Strazza @Sstrazza and Ian Culley @IanCulley

King dollar is sitting perched upon its throne. But the floor beneath it is beginning to crumble.

The rally in the US dollar index $DXY isn’t as strong as...

From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley

The relentless outperformance from commodities and commodity-related...