Morning Update – May 20, 2022

Morning Update

Macro Update: Food riots are starting, Sri Lanka is already facing serious unrest, Pakistan and Iran are looking to be next. Instability in Iran would compound the energy supply issues we’re already facing. Commodities deals are bypassing the US Dollar,

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Morning Update – May 19th, 2022

Morning Update

Macro Beardown Breakdown.  India (the second largest wheat producer) has put a ban in wheat exports.  China has also banned the export of fertilizers; following the sanctions of Belarus and Russia, and this is essentially limiting the global supply of

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Morning Update – May 16th, 2022

Morning Update

Good Morning Friends, Macro Minutes… Friday we saw a bit of a relief rally after VIX started to roll off the 30s into the high 20s, and remember VIX expiration is Wednesday and then we have options monthly expiration this

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Morning Update – May 12th, 2022

Good Morning Friends!  Remember how I was telling you back in the Day (probably last week) that as credit spreads widen the greatest pressure will be felt by banks that can not borrow money via bonds? Yesterday  seven high grade

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