The Drill – Oil down and precious metals UP.. The short USD trade in Geopolitics
Welcome to this week’s The Drill, which I will be authoring by myself moving forward. This means a continued focus on commodities and energy, but...
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Steno Signals #183 – The Pain Trade is a Weaker USD, While China Could Surprise on the Upside
Happy Sunday, everyone, and welcome to our weekly editorial on all things macro. Everyone I’ve spoken to today has asked me, “How would you go...
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The Drill: The commoditization of AI is here
Let’s start with DeepSeek. The trajectory toward singularity may be accelerating faster than previously forecasted. With barriers to entry for AI...
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Steno Signals #182 – Cutting Through the Trump Noise: A Massive Uniform Move Is Happening
Happy Sunday, and welcome to my weekly editorial on everything macro and markets. We are now at the final innings of the inauguration week, and oh...
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The Drill: Strap in for Trump
Trump has signaled his intention to stop oil imports from Venezuela. While these imports are relatively insignificant to the U.S., they are hugely...
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