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Our team of skilled analysts, by utilising the depth and breadth of Onyx's proprietary data, position ourselves at the cutting edge of market analysis. This unique vantage point grants us an unparalleled perspective in the market, enabling us to identify emerging trends and lucrative opportunities.

Trader Meeting Notes: Trump 2.0

3 min read

A bafflingly coherent Biden skipped the COP29 to have an ecstatic lunch/photo op with Trump in the White House, and with all the big liberal names missing the conference, the only real news came from a righteous speech from Azerbaijan president Ilham Aliyev, who argued crude oil is a “gift from God”. Who are we to argue? It’s been a week since the election and Brent saw an unremarkable weekly downtrend as other assets are soaring. Bitcoin is at an all-time high, and the Dow Jones is still extremely strong. Net positioning from money managers in Brent crept up in the week to 5 Nov, likely due to risk-averse shorts taking profit. Outside of the States, China’s trade surplus is on track to hit a record of almost $1 trillion and German industry saw the worst slump in orders since ’09. It seems with the presidential election over and the OPEC+ barrels’ return pushed back the market is struggling to look away from economic weakness.

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Our team of skilled analysts, by utilising the depth and breadth of Onyx's proprietary data, position ourselves at the cutting edge of market analysis. This unique vantage point grants us an unparalleled perspective in the market, enabling us to identify emerging trends and lucrative opportunities.