Volatility in the energy markets directly impacts equity, fixed-income, currency, and commodity markets. The Macro Energy service from Energy Aspects offers a specific focus on how energy prices are being driven by supply and demand fundamentals and geopolitics, and how that in turn will feed into risks and opportunities across a whole host of markets.
Please note that, owing to the Thanksgiving holiday, there will be no Macro Digest next week. When positions are being liquidated, there is no such thing as nuance. And this week the oil market was capitulating, as evidenced by the three-standard deviation jump in volatility, one of the larg..
Investors continued to shed long positions in crude this week as WTI finished down for its ninth consecutive day on Thursday, the first time that has happened since July 2014. Should Friday close in the red, it will mark the first time in over two decades that crude has closed lower for 10 consec..
The capitulation in crude oil continued this week as both flat price and spreads tumbled for the third straight week. Even on days when equities bounced as they tried to find a floor, crude continued to sell off, driven in large part by the weakness in timespreads. The 9% October sell-off in Bren..
Risk assets tumbled yet again this week due to a combination of spiking volatility, earnings that failed to live up to overly inflated expectations, and a weak US Treasury auction that stoked fears that China is pulling back on its purchases as a consequence of the trade war. Meanwhile, correlati..