
Open markets. Commodities. Geopolitics.
| Platform | Pricing | Only free issues | Publishes | Daily | |
|---|---|---|---|---|---|
| Issues | 2 | Subscribers | Read | gonzofinance.substack.com |
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The gap between the best and worst performing S&P 500 sectors in Q1 2026 was 47 percentage points. Energy returned +37.9%. Financials returned -9.4%. The last time dispersion looked like this, someone was usually getting fired or invaded, a...
When dated Brent prints $141 and the front month is at $112, that’s a liquidation premium on physical barrels. The last time the basis blew out like this was 2008 and even then the strait was open. I keep running the scenario tree and every...
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