Lower-than-expected October CPI inflation inspired HUGE rallies in stocks, bonds and currencies Markets have been searching for "Peak Hawkishness" since June - without success, as…

Inter-market relationships I'm a Macro tourist: I constantly monitor intra-market and inter-market relationships and correlations. It's an old habit, and it often leaves me more…

October 13, 2022, was a Key Turn Date A Key Turn Date occurs when several different markets reverse course on (or around) the same date.…

Markets may be turning I'm writing the TD Notes on Sunday afternoon this week. I left my desk last Thursday morning, flew to Calgary to…

Will the Fed pause/pivot before or after "something breaks?" The Fed is determined to continue tightening monetary policy until inflation falls. Stocks and bonds have…

WTI crude oil soared ~$17 (22%) from last week's low to this week's high/close Front-month WTI futures closed ~$76 on Monday, September 26 - the…

"The most important thing" for the financial markets the past few months, and especially for the last three weeks, has been the realization that the…

Is this as bad as it gets, or is the "worst" yet to come? In last week's TD Notes, I declared, "Expectations of more Fed…