Brent is trading $3 above WTI this morning. That spread, and the reason it exists, separates Canadian energy producers with global pricing exposure from those…
Morgan Stanley posted record revenues. Bank of America beat on every line. ASML raised full-year guidance. The S&P 500 is within striking distance of 7,002.…
JPMorgan posted record trading revenue. Wells Fargo missed. Oil is falling on demand destruction, not peace. And the S&P 500 is essentially flat for the…
Goldman Sachs posted its second-highest quarterly revenue on record, beating estimates on record equities trading. Oil jumped 7% on the Hormuz blockade. The S&P 500…
Wednesday’s TSX surge was the largest single-day gain in months. The composition of that rally — which sectors led, which lagged, and what has already…
WTI fell from $115 to $95 overnight. The Nikkei closed up 5%. Dow futures spiked 1,100 points. The Iran ceasefire just delivered the largest single-session…
The TSX opens Monday with five simultaneous risk factors in play: Iran ceasefire talks, a Trump Tuesday deadline, pharmaceutical tariffs taking effect, a Liberation Day…
The week the market stopped pricing the war and started pricing the credibility of the exit. Brent crude’s rollercoaster, the TSX-S&P divergence, the bond yield…