How to go long geopolitical risk...
Goldman's US Geopolitical Risk basket (composed of US-listed equities that are sensitive to geopolitical risk, diversified across 40% defense, 40% oil producers, and 20% oil tankers) has surged to start 2026... Source: zerohedge, Bloomberg
Gold has overtaken the U.S. Dollar as the largest Global Reserve Asset 🚨🚨🚨
(of course performance helped) Source: Barchart, Bloomberg
Bonds - not oil - were the play... Venezuela debt has doubled in the last 6 months.
Source: The Long View @HayekAndKeynes
Bitcoin's longer term trend looks to be holding.
We haven't traded this much above the 50 day since all time highs... Source: The Market Ear, LSEG Workspace
Speculators Are Moving Towards Commodities
Gold, gasoline, silver and copper have the largest net longs, along with emerging currencies related to resources, BRL and MXN. Chart below is in raw percentage terms, that is the net long position as a percentage of open interest. Source: zerohedge, Bloomberg, Macrobond
The Queen has been dethroned
Inverse Cramer officially beats out Pelosi for the top portfolio on Autopilot Source: Nancy Pelosi Stock Tracker ♟ @pelositracker
LME Copper surges to $13,000 for the first time to new record high
Source: www.investing.com
A new type of insider... the geopolitical insiders...
One of them bet $33k through Polymarkets on Venezuela-related developments and turned into $400k. It has been described as a "clear case" of insider trading. Source: Bloomberg
