The risk markets will be surprised by another 1mm b/d increase in crude oil supplies this year or next from the US is low, given the depletion of the unfinished-well inventory that drove shale output higher. Demand remains strong,…
According to BCA Research’s Counterpoint service, the structural uptrend in bitcoin is still intact. The intrinsic value of bitcoin is that it cannot be confiscated by the state, either through monetary inflation, or…
The US manufacturing renaissance, spurred on by reshoring, automation, and government spending, is running its course but progress has slowed on the back of tight monetary conditions and the manufacturing recession. The deceleration…
The commodity complex struggled last year with the Goldman Sachs Commodity Index falling by 12% despite the relatively favorable performance of other cyclical financial assets. Several factors contributed to this weakness. In the…
In this note, we preview the Q4-2023 earnings season and share what we will be watching.
In this brief Insight we examine the expanding Middle East conflict and update the situation in the Taiwan Strait on the eve of elections. The Houthis are a distraction and China is not likely to invade Taiwan in the near term, but…
