Macro
Search catalysts, news stories, and pressures, or browse the trust-weighted news feed below.
month values ▾
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|
| +0.50 | +0.00 | -0.33 | +0.60 | +0.55 | +0.50 | +0.35 | +0.30 | +0.25 | +0.00 | +0.25 | +0.20 |
Russia's invasion of Ukraine detonated a commodity shock, spiking nickel 250% in an LME-halting squeeze along with wheat, fertilizer, and aluminum, a massive windfall, before aggressive Fed tightening and demand fears cooled metals in the second half.
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A massive short position held by Chinese producer Tsingshan triggered a historic squeeze, forcing the London Metal Exchange to suspend trading and controversially cancel billions in trades. The episode broke confidence in a key metals benchmark and showed war-driven stress in commodity plumbing.
The US is urging Taiwan to tighten restrictions on AI chip exports to China to prevent the illicit transfer of Nvidia hardware. TSMC, which produces around 90% of advanced chips and nearly all frontier-AI chips globally, faces pressure from a potential Nvidia deal linked to Chinese rare earth concessions.