From the Desk of Ian Culley @IanCulley

Fed Chair Jerome Powell continues to rule the markets with an iron fist, mercilessly punishing any who doubt his supreme will. 

Or maybe I should stop daydreaming at my desk. 

...

This is the video recording of our February 5th Monthly Charts Live Strategy Session

From the Desk of Ian Culley @IanCulley

The FOMC stuck to its script this week, kicking the can and keeping rates steady.

Everyone was expecting the news. But the market wasn’t expecting Fed Chairman Jerome Powell (the man...

From the Desk of Ian Culley @IanCulley

High-yield bonds are printing fresh highs relative to US Treasuries – signs of a healthy risk appetite. 

...

From the Desk of Ian Culley @IanCulley

Inflation is proving sticky.

So what?

Stocks remain buoyant.

And bonds – the largest market in the world – continue to reveal...

From the Desk of Ian Culley @IanCulley

US treasuries finished 2023 with a bang, hitting our initial targets before Christmas.

But the long-bond trade is losing...

This is the video recording of our January 2nd Monthly Charts Live Strategy Session

From the Desk of Ian Culley @IanCulley

JC asked me how far I thought interest rates would pull back during a recent internal meeting.

The question caught me off guard since I trade bonds, not interest rates. I know...

From the Desk of Ian Culley @IanCulley

Last month’s bond rally has legs.

Long-duration bonds have gone from printing multi-month highs to reclaiming their March pivot lows in just a few weeks.

So, let’s revisit...

This is the video recording of the December 2023 Mid-month Conference Call.

From the Desk of Ian Culley @IanCulley

The bond market is turning the page. 

Our long US Treasury trades are finally working. And investors are reaching for...

Credit spreads have tightened a good deal since October.

I can't help but think this is just more classic bull market behavior.

As the major US equity indices have been rallying into year end, we've seen confirmation out of a number of...

From the Desk of Ian Culley @IanCulley

Bond investors must feel like it’s their lucky day.

Long-duration bonds are reaching new multi-month highs!

It finally looks as if a tactical bounce is underway for these safe...

From the Desk of Ian Culley @IanCulley

What a wild broad-market reversal yesterday!

Powell supposedly stated the obvious or blurted out what was on everyone’s mind. I don’t know. I haven’t watched the video or reviewed...

From the Desk of Ian Culley @IanCulley

The market barely reacted Wednesday afternoon following Powell’s remarks, cooking up a big, fat nothing burger for investors.

Market participants took the decision to leave rates...

This is the video recording of our November 1st Monthly Charts Live Strategy Session

From the Desk of Ian Culley @IanCulley

It’s beginning to feel an awful lot like 2022.

Rates and the dollar are on pause, bonds can’t stop falling, and the...

From the Desk of Ian Culley @IanCulley

Investors navigate a market of stocks, not a “stock market.”

Equity indexes slide, and US treasuries collapse against a...