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RBA Raises Cash Rate, Rupee Hits Record Low, Euro Manufacturing PMIs

RBA hikes, hawkish on inflation; rupee hits record low on oil surge and outflows; Europe PMIs strong; UK sales boosted by policy effects
5 May 2026

New Highs In S&P & NASDAQ, Americans Cut Back Spending

Stocks hit highs as yields top 5%; inflation hot; stagflation fears rise; US strong vs EU weak; AI power bottlenecks emerge
1 May 2026

Latest reports

April Review

This week, we present the case for selling the propane East/West and the NWE gasnap spread, and showcase a recap of our April trades....
9 page report
4 May 2026

New Normal?

Iran war enters its third month; markets recalibrate towards higher prices and elevated volatility, a 'new normal'.
16 page report
4 May 2026

Brent Climbs Above $113/bbl

Missiles hit US ship near Hormuz; China blocks US sanctions; Japan taps Russian oil; OPEC+ hikes output; disruptions persist
4 page report
4 May 2026

Risk On, Risk Off

Money managers risk-on in Brent, long prod/merc positions down 20% since start of conflict; OI drops in gasoil and RBOB
13 page report
4 May 2026