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Bond yields surge as Fed uncertainty, Saudi-Iran tensions and tech selling drive volatility; Nasdaq posts worst July in 22 years.
Warsh’s First FOMC, Big Tech Earnings Missed, Upcoming Data
Warsh's Fed held rates, yields surged, cuts repriced lower, inflation fears grew, and markets now await BoE, PCE and GDP.
LATEST REPORTS
July Trade Review
This week, we recommend selling the Oct'26 TA arb and the Sep'26 MOPJ Crack....
9 page report
Anatomy of a Jawbone
July was defined by the renewed hostilities between Iran and the US, with President Trump declaring the MOU “over” on 8 July....
29 page report
Brent Trades Choppily As Freight Rates Rise
Brent chops lower as Russia exports face freight risks, India raises fuel taxes, and Hormuz LNG incident adds caution.
A Week of Two Halves
Gasoline cracks retreat on easing geopolitical risk, while TA arb selling and bearish positioning point to further downside.
14 page report