Investment Consultant. Proud father and sports fan. 🚗 Rapid Wien enthusiast.
Joined June 2023
- Tweets 1,655
- Following 169
- Followers 65
- Likes 4,332
Photos and videos
Peter Codes retweeted
Most central banks still need to actually deliver the hikes that are priced.
Chart from the great @darioperkins
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Peter Codes retweeted
US dollar - $USD
We're now back at levels from late March, then we were right in the middle of the hot war phase and oil was over $100. That's behind us, yet the dollar is still rising.
It's hard to see what stops the breakout here. A stronger dollar for now means pressure on precious metals and other commodities. I'll post when this dynamic changes and it's time to size up again.
US dollar - we have 100 again on DXY, let's see if this time we'll get a breakout.
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Peter Codes retweeted
The Houthis were able to reduce Red Sea traffic by 60% for 3 years and counting.
How will the aftermath of the Hormuz closure look?
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Peter Codes retweeted
Wow US Real Retail Sales is creeping back up toward the pre-pandemic trend.. it was flat for several years @soberlook
thedailyshot.com/subscribe/
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Peter Codes retweeted
The Dollar surged yesterday on the back of the Fed announcement.
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Peter Codes retweeted
Jun 17
#DailyEnergyMarkets #IndustrySurvey #FederalReserve #FedWatch #InterestRates #Inflation #MonetaryPolicy #USEconomy #CentralBanks #FinancialMarkets #MacroEconomics
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Peter Codes retweeted
Jun 17
THE GOLD BEAR MARKET IS ENDING: Gold's Seasonal Trough and the Iran Peace Deal Are Converging at the Perfect Moment! open.substack.com/pub/metals…
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Cash rates won't stay this high forever.
In the current environment, moving out of cash into high-quality bonds may present opportunities to capture relatively attractive yields.
Hear PIMCO Group CIO Dan Ivascyn on why now: pim.co/dcbcb8
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Jun 16
RT @chigrl: Two Iran-Linked Tankers Sail Through Hormuz Before Deal Signing
Two Iran-linked tankers are sailing eastward through the Strai…
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Peter Codes retweeted
Jun 16
Eight of the eleven sectors have seen multiples compress this year. All eleven have seen earnings growth.
via @DualityResearch
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Peter Codes retweeted
Jun 16
Jeff Currie @CommodMkt
"oil flows through the Strait of Hormuz may not start to normalize until the end of the year"
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Peter Codes retweeted
Jun 16
Combine what he said with the U.S. Treasury Department’s potential revaluation of the asset side of its balance sheet, specifically the 8,133 metric tons of official U.S. Treasury gold, and they could easily kick the can down the road for another couple of years.
This is all hands on deck.
Jun 16
This explains what the Warsh Fed plan will be..
youtu.be/HIBozcOlQPY?si=M74Z…
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Peter Codes retweeted
Jun 16
Record profitability has been one of the factors supporting high equity valuations.
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Peter Codes retweeted
Jun 15
“It’s a very simple choice: the dollar or the bond market.”
@LukeGromen says Warsh will have to make a sacrifice.
He either lets rates rip or lets the dollar fall.
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Peter Codes retweeted
Tech is deflationary they tell you.
Yet AI has driven Inflation higher?
AI is driving US inflation higher:
Consumer prices for computer software and accessories surged 14.5% YoY in May, the biggest annual increase on record in data going back to 2000.
Producer prices for electronic components soared 27% YoY, also the biggest increase on record.
To put this into perspective, before 2026, prices for software and electronic components fell in almost every year since 2000.
Memory prices alone have more than doubled, with DDR5 and DDR4 RAM prices up 290% YoY, as AI data centers absorb the vast majority of global chip supply.
RAM price shocks are will likely keep inflation elevated well into 2027, adding to existing pressures from the Iran War.
The AI boom is fueling technology inflation.
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Jun 14
RT @dlacalle_IA: The People’s Bank of China (PBoC) reported a 10t gold purchase in May, the highest since December 2024, pushing total offi…
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Peter Codes retweeted
Jun 14
Valuation change on foreign portfolio holdings of LT USTs (Foreign Non-Official holdings), 1995-present.
Fascinating chart, esp. if we think of it as a global financial system seismograph of sorts (as we should, IMO.)
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Peter Codes retweeted
Jun 14
“We cannot course-correct what we cannot see.”
Based on the Atlas of Global Development 2026, @WorldBankGroup Chief Statistician @HaishanFu argues that data & visualization are essential not just for measuring development, but for shaping policy itself.
wrld.bg/RUka50Zbc6g
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Peter Codes retweeted
Jun 13
It’s time for the daily silver update!
Jun 12
The last time physical silver left the Shanghai Futures exchange over a five-day period was more than four months ago.
Look at the five-year trend. The message is clear: demand for silver is higher than supply.
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Peter Codes retweeted
Jun 13
If you want rates lower, don't start an inflationary war.
@LukeGroemn argues you can't shift issuance to the front end because the long end is blowing out, then create an inflation shock that sends short rates higher.
“That’s like giving yourself a root canal with a shotgun.”
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