Market Commentary

A glance at the previous month’s market events and thoughts on the near future.

All-Star Break: Homerun Derby in Equities, Oil & Precious Metals

June 2025

Strong performance in equities and bonds
Divergence in commodity markets
Underlying market caution despite surface optimism

Temporary Return to the Old Normal

May 2025

Lower demand for portfolio insurance
Recession expectations are waning
Watch for gap moves

The Skew Also Rises

April 2025

Round and round we go
Former safe haven: US Dollar
It's not over yet - remember your PNL on April 8th

AusterityStimulus

March 2025

The Market was ready
De-leveraging was orderly
How long can we Keep Calm . . .?