Surging flows through Hormuz via high risk ship-to-ship transfers are adding a 30-40 bucks / bbl surcharge to every incremental barrel, driving volume to the market but coming at quite the cost.

A recording from Bob Elliott and Prometheus Research's live video https://bobeunlimited.substack.com/p/macro-talk-1022026?utm_source=youtube

Employment measures suggest some improvement recently, but conditions are still quite weak compared to the earnings boom and far from what's needed to keep up with recent HH spending growth.

Millennium Management’s new capital raise attracted billions of dollars more than the firm could take in, signaling surging demand for the biggest multistrategy hedge funds.

Despite the recent surge in oil prices and weak asset returns, households continue to rapidly dissave to support spending growth above income growth.

In new research, Blake Jackson and Ilya Strebulaev track the careers of 100,000 people working at venture capital firms in the United States to ask which investors succeed and why. They find that…

The latest country data indicates the headline bloc print will rise above initial expectations. With it a material hiking cycle is almost assured, despite hopes from the street of just one more hike.

The fourth RBA hike this year stands in sharp contrast to central banks across the developed world dithering at how to respond. Strong economic momentum suggests more room to hike ahead.

Surging flows through Hormuz via high risk ship-to-ship transfers are adding a 30-40 bucks / bbl surcharge to every incremental barrel, driving volume to the market but coming at quite the cost.

So far the Activist Treasury Secretary’s incremental efforts have done little to bend markets to his will, leaving his trades in the red. But that doesn’t mean it will always be the case.

YouTube video by Bob Elliott

So far the Activist Treasury Secretary’s incremental efforts have done little to bend markets to his will, leaving his trades in the red. But that doesn’t mean it will always be the case.

The BoE and BoJ were both a bit easier than expected over the last 24 hours, adding data points to the caution most central banks are bringing to the current policy environment.

A recording from Bob Elliott and Prometheus Research's live video https://bobeunlimited.substack.com/p/macro-talk-09182026?utm_source=youtube

Bessent is set to announce his new plan to increase buybacks on the long end today, marking a new era in the Treasury activism he once vehemently denounced.

A recording from Bob Elliott and Prometheus Research's live video https://bobeunlimited.substack.com/p/macro-talk-9112026?utm_source=youtube