CLIMATE: The 27th two-week UN climate conference starts in Egypt November 6th with low expectations. Policymakers face big distractions from the Ukraine war, energy security...

WINTER DELAYED: November 1st is the typical start of the winter heating season in energy markets. It has been delayed by warmer weather, which may continue if forecasts are to be...

HERE TO STAY: The US dollar (DXY) rally has come off the boil after its 19% surge this year. This performance only lags oil amongst major assets. The greenback has been put on the...

GROUNDHOG DAY: We are seeing a July earnings season repeat. Less-bad-than-feared S&P 500 third quarter profits are a relief to investors. Europe’s are even stronger. This buys...

2022 has been a challenging year for crypto investors so far. While the crypto market did stage somewhat of a recovery in July, the market value of most cryptoassets and...

OPEC: OPEC+ holds a whip-hand over global oil markets. It accounts for 59% of oil supply (see chart) and 80% of reserves. Its recent decision to slash oil production quotas by...

THREADING NEEDLE: International Monetary Fund (IMF) published its latest global economic deep-dive. It's a sobering picture of slowing growth, with many downside risks now...

HOPE: President Biden gave short-lived deregulation hope to the hard-pressed cannabis sector saying it ‘makes no sense’ for marijuana to have same restriction as heroin under...

INFLATION: Thursday’s US inflation report is the next big test for nervous markets and the data dependent Fed. Headline inflation peaked at 9.1% in June but the decline’s been...

MISSING LINK: The US jobs market, and leading indicators like the JOLTS report, are the last big inflation drivers needed to turn lower. This would give markets hope we are within...