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

It finally happened…

The yield curve inverted for a brief moment as the 2-year yield rose above the 10-year earlier this week. 

But whether or not it...

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

Rates continue to move higher around the world as central banks do their best to combat...

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

Cyclical stocks are all the craze.

If you're doing well this year, it's because you own these stocks. If you're not, it's because you don't own these stocks....

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

It's beginning to feel more and more like a risk-on environment out there.

Commodities are ripping higher. Stocks are digging in at critical levels. And...

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

The unwind is on in the aussie!

After accumulating a historic net-long position last fall, commercial hedgers are scrambling to cover. Over the past four...

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

Gold looks like it’s ready to run.

The largest gold miner in the world, Newmont Mining...

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

For more than a year, most of the market and many of our risk ratios have been a trendless mess.

High...

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

Commodities have been on a tear, with the Bloomberg Commodity Index recently posting its best week since 1970 and the CRB Index rallying more than 25% year to date....

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

Benchmark rates around the world have been rolling over as uncertainty sweeps across markets.

Despite the growing pessimism among investors, global yields are...

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

US dollar strength is broadening as global currencies lose critical levels against it.

Last...

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

Commodities are having their best week since 1970. And if you don't know what happened after that, let's just say it was a good decade for them as a group.

The...

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

We could sit back and speculate on what measures the Federal Reserve is likely to take to curb inflation. But it wouldn't change the fact that inflation is already here...

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

Currency markets are reacting to the war that’s broken out in Europe.

In the past four trading sessions, the Russian ruble has dropped more than 1,000 pips...

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

Commodities have been on a tear to start the year.

The CRB Index is up almost 16% year to ate, while our equal-weight commodity index is up 9.5%.

But,...

US Treasuries are off to their worst start in more than a decade as rates rise across the curve. 

The US Aggregate Bond ETF $AGG is down more than 4% year to date. Treasuries can’t manage to catch a bid. And High-Yield Bonds $HYG have fallen...

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

Despite the trendless nature of the major forex pairs, there’s still plenty of information coming...

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

Gold is the hot topic this week, now that it’s finally showing signs of life.

It’s impossible to deny gold’s near-term strength. But we think the setup probably...

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

Not all stressors are debilitating.

In some cases, stress can push us to perform at our highest level. But, of course, there are instances when opposing forces...

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

Consolidation and range-bound action have dominated the currency market since late last year.

While commodities and cyclical stocks -- especially energy --...

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

It’s only six weeks into the new year and we’re already getting a sense that commodities...

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

The middle of the curve is catching higher as the US 10-year Treasury yield pushes toward its next milestone at 2.00%.

Now that we’re starting to see some follow-...

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

The US dollar can’t catch a bid.

Since briefly reclaiming its November highs...

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

Commodities are on fire!

Crude oil is trading above 90, its derivatives are printing fresh highs, and natural gas is beginning to rip – again.

But...

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

The path of least resistance is higher for yields, as the market continues to punish investors for buying bonds. 

As long as that’s the case, we want to look for...