2023.10.24 Weekly Notes

Wk35 Weekly MacroTechnicals - Oil Slicks the Long End

Failed Bessentvention, ATH crack spreads, Elevated inflation risks, Debasement skepticism

Wk34 MacroTechnicals - VIX Sleeps While Oil Creeps

Messy thematic signals - easing macro regimes and low VIX clashes with rising commodity prices

Wk33 MacroTechnicals - From Tantrums to Complacency...

Rates calmer but term premium higher, risk sentiment strong but overly complacent?

Wk32 MacroTechnicals - The Credibility Tantrum (That Was)

Long-end tantrum may be done for now