Key Takeways: For decades the U.S. dollar has functioned as the core operating system of the global financial system. It is not simply another currency. It is the unit in which most commodities are priced, the dominant reserve asset held…
Key Takeaways For months, the metals complex looked unstoppable. Gold surged above $5,000, silver pushed toward $60, and mining stocks were suddenly back in favor after years of underperformance. The rally had the feel of a classic macro shift: central…
Every so often the market quietly shifts its focus. Over the past few weeks, that shift seems to be happening in oil. For most of the past year investors have been obsessed with inflation data and the Federal Reserve. CPI…
