Daily Oil Fundamentals

US Stock Markets Are Not Done With the Trump Trade

08 Nov 2024

US Stock Markets Are Not Done With the Trump Trade

Such is the furore around the US election that what is normally a 'Tier 1' event, an FOMC rate decision, has all but been lost. Frankly, there were no great surprises as the FED kept in line with expectation to cut by 25-basis points, and with it an easy path of another such reduction in December being paved. Yet the intrigue comes from how the FED might view the new administration, because of possible deportations and tariffs which are inflation builders, and set out any adjustment to future policy.

Daily Oil Fundamentals

Everybody Knows

07 Nov 2024

Everybody Knows

Regular readers of this report are probably aware of our worldview. We believe that the ultimate world order, borrowing the words of Francis Fukuyama, the end of history, is liberal democracy combined with effectively functioning markets. This tenet rests on a simple approach, which goes something like this: the fundamental duty of every government is to enhance the wealth and well-being of its citizens.

Daily Oil Fundamentals

The ‘Trump Trade’ is Back On

06 Nov 2024

The ‘Trump Trade’ is Back On

Addressing the US election on a state-by-state basis is for other more qualified souls. Our broad take on it is endeavoured below and followed up tomorrow. However, at time of press there is a growing opinion that Donald Trump, by a close margin, will regain the White House after four years of being sidelined. Well, if one cannot believe the polls, which can be so hilariously wrong, have faith in the betting exchanges.