ETRACS UBS Bloomberg Constant Maturity Commodity Index (CMCI) Total Return ETN Series B due April 5, 2038

Why OPEC's production cut could impact broader markets. An unexpected cut in oil production just made the Fed's job more complicated.

Since Powell shocked the world with an unexpectedly hawkish speech last week, the market has been struggling to guess just how much worse a tighter Fed is going to be for the economy.

We are still in negative gamma, and that works both ways - big moves up and down. The options market is pointing to strong support at 4050-4000 on the S&P 500. We closed at 4123 on Friday.

With Russia’s invasion of Ukraine into its second week, the economic fallout is gradually coming into focus.

Today in the U.S. we are in the fourth superbubble of the last hundred years.