Week 37, 2026: Oil Above $100; Central Banks Return to the Tightrope
Oil above $100, sticky inflation and central banks back on the tightrope. A week of higher yields, policy risk and resilient equities.
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If you’re visiting Insights for the first time, I’m Ed le Feuvre, author of Ed’s World Market Insights. In each edition, I explore the stories behind the numbers: not just what moved markets, but why it mattered and what may come next.
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Week 20, 2026: Hotter Prints, Costly Barrels, and a Fed on a Shorter Leash
Hotter US inflation, three-digit oil, Hormuz risk and a more constrained Federal Reserve shaped the week across markets.
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Week 19, 2026: Hormuz on a Timer, Records with an Asterisk, and Money Looking for New Maps
Hormuz remained a fragile reprieve, equities hovered near records despite expensive energy and money, and global capital began looking beyond Wall Street.
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Week 18, 2026: ATH Records Again, Oil Still Costly, Time Still Expensive
Record US equities, oil above $100, higher-for-longer rates, Hormuz, gold, Bitcoin and global duration shaped the week.
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Week 17, 2026: Fragile Peace, Record Highs, and the Cost of Time
Fragile peace around Hormuz, record equity highs, earnings, gold, oil, digital assets and higher-for-longer rates defined the week.
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Week 16, 2026: Records, Re‑Opening, and Risk Still Priced
Ed's World Market Insights for Week 16, 2026: record equity highs, Hormuz re-opening, lower oil war premiums, gold, Bitcoin and higher-for-longer rates.
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Week 15, 2026: Ceasefires in Hormuz, Nikkei Records, and Risk-On with Guard-Rails
A Gulf ceasefire pulled oil back below $100, the Nikkei reached fresh records, Bitcoin rebounded and global risk assets rallied alongside still-elevated yields.
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Week 14, 2026: $110 Oil, Fragile Jobs, and Japan’s New Gravity
Ed's World Market Insights for Week 14, 2026, covering $110 oil, stabilising US payrolls, Japan's long-bond repricing and a relief rally across global equities.
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Week 13, 2026: War Premiums, Five‑Week Drawdowns, and JGBs on the Edge
War premiums, five consecutive equity declines, WTI near $100, a later-and-shallower Fed path and rising Japanese long-bond yields shaped the week.
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Week 12, 2026: Ultimatums in Hormuz, Powell’s Patience, and Ueda’s Tightrope
Hormuz hardened into a functional blockade, WTI pressed toward $100, Powell confirmed a later-and-shallower easing path and the BoJ kept normalisation gradual.
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Week 11, 2026: Oil's Round-Trip, the CPI Tariff Floor, and China's Generation Low
Oil's violent Hormuz round-trip, sticky US inflation and China's lowest growth target in three decades shaped the week.
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Week 10, 2026: Bombs Over Tehran, Jobs Below Zero, and AI's Existential Pop Quiz
Ed's World Market Insights for Week 10, covering the Iran conflict, oil, US jobs, AI labour-market risk, equities and macro policy.
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Week 9, 2026: Supreme Setbacks, Nvidia's Paradox, and the Bombs Before Monday
The Supreme Court tariff ruling, Nvidia's post-earnings sell-off, US-Iran escalation, global equities, gold, oil, Bitcoin and rates shaped the week.
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Week 8, 2026: Return of the Relief Rally; When Markets Buy Time, Not Truth
Week 8, 2026: equities repaired after February's wobble, gold rebuilt, Bitcoin lagged and firmer yields kept the relief rally selective.
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Week 7, 2026: The AI Certainty Wobble; When “Cooler CPI” Couldn’t Calm a Crowded Trade
Cooler CPI failed to calm a crowded trade as US equities weakened, yields fell, gold stayed firm and risk positioning became the key signal.
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Week 6, 2026: When Certainty Does the Heavy Lifting; Liquidity Tests, Small-Cap Signals, and the Price of Certainty
The S&P 500 held flat, small caps rotated higher, gold broke $5,000, Bitcoin fell sharply, and certainty itself carried a premium.
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Week 5, 2026: What the Thaw Exposed; The Fed Transition Turned Habit Into Test
A change in Federal Reserve leadership fractured market certainty, gold and Bitcoin repriced sharply, and the shutdown data fog kept investors leaning on narrative.
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Week 4, 2026: Greenland Noise, Market Habit, and the Gilded Tell; Prices Moved, Conviction Did Not
Policy headlines moved prices without deepening conviction, while gold surged, equities softened and markets continued to fade geopolitical noise.
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Week 3, 2026: Rain on the Rock, Greenland Games, and the Price of Optionality; When Markets Price the Noise, but Not the Consequences
Calm index levels masked a repricing of rates, geopolitical optionality around Greenland, a strong gold bid and broader equity participation.
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Week 2, 2026: Calm Markets, Loud Signals, and a Weekend Trip to Venezuela; When Stability Becomes Conditional
Broader equity participation, a sharp gold bid, firmer oil and Venezuela-driven supply risk tested the market's early-year calm.
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Week 1, 2026: Thin Air, Quiet Markets, and the Stillness Before Reopening; When the Real Work of the Year Has Yet to Begin
Thin holiday liquidity, equities, gold, digital assets, rates and the first signals of the new year shaped the week.
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Week 52, 2025: Thin Liquidity, Loud Signals, and the Year-End Mark Game; When Leverage Does Not Take a Holiday
Week 52 closed 2025 with thin liquidity, narrow equity strength, new gold highs, a sharp Bitcoin selloff, easing Treasury yields and a softer dollar.
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Week 51, 2025: Japan Hikes, AI Rebounds, and Inflation Thaws; When Markets Enter Christmas on Mixed Signals
Japan's rate hike, softer US inflation, the AI rebound, equities, gold, Bitcoin, oil, bond yields and the final Christmas trading week.
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Week 50, 2025: Disinflation, AI Hangovers, and a Japanese Surprise
The Fed cut again, AI valuation concerns returned, Japan moved closer to another policy shift, and markets split between large-cap technology weakness and broader resilience.
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Week 49, 2025: Ignorance is not alpha! The streamer's Throne, and the Lipstick Effect
The data fog, Federal Reserve expectations, streaming consolidation, consumer divergence, equities, gold, oil and digital assets shaped the week.
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Week 48, 2025: Cyber-Gluttons, Barrel Scrapers, and The Hassett Hedge
The Hassett Fed-chair narrative, Black Friday consumption, gold, oil, Bitcoin, rates and OPEC+ shaped the week.
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Week 47, 2025: Cheap Espresso, Tech Reckonings, and The Freight Riddle
A sharp tech and AI correction, renewed freight and trade uncertainty, defensive rotation into gold, weaker oil and fading December Fed cut expectations.
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Week 46, 2025: Of Shutdown Survivors, AI Angst, and China’s Quiet Resolve
The end of the US shutdown, AI and technology volatility, Federal Reserve policy, China trade resilience and global markets shaped the week.
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Week 45, 2025: The Fed Blinked, Tech Slipped, and Tariff Uncertainty Returned
The Federal Reserve liquidity shift, technology selling, renewed tariff uncertainty, gold, oil and digital assets shaped Week 45, 2025.
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Week 44, 2025: Trade Ceasefires, Tech Validation and the 'Strait' Truth of Hawkish Reality
The US-China trade truce, technology earnings, Federal Reserve policy, equities, commodities and private markets shaped the week.
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Week 43, 2025: Reagan's Ghost, Rosneft's Reality, and the Trump-Xi Countdown; When Markets Trade on Hope, Not Headlines
Trump-Xi summit hopes, cooler inflation, Russian oil sanctions and record equity highs shaped Week 43 as gold corrected and oil rebounded.
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Week 42, 2025: Cooking Oil Tuesday, Bank Bump Thursday and TACO Friday; When Markets Grind in the Blind
Week 42, 2025: tariff whiplash, regional-bank stress, record gold, weak oil, Bitcoin pressure and a US data blackout.
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Week 41, 2025: Correction Without Warning; When Tariffs, Panic, and Price Discovery Made Volatility Real
Week 41, 2025 brought a sharp global correction as tariffs, forced selling and renewed risk aversion drove equities, oil and digital assets lower while gold and Treasuries found support.
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Week 40, 2025: Government Shutdowns, Tesla Tax Credits & the Art of Missing the Data; When Markets Trade on What They Cannot See
Ed's World Market Insights for Week 40, 2025, covering the US government shutdown data blackout, Tesla tax-credit demand, OPEC+ production strategy, European market leadership, equities, gold, oil, Bitcoin and Federal Reserve policy.
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Week 39, 2025: Tariffs, Tensions & a Dash of Central Bank Salsa; Brunch Isn’t the Only Thing Heating Up
Fed cut hopes cooled as tariffs returned, oil jumped 4%, gold held near records and markets headed into Q4 with ambiguity priced in.
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Week 29, 2025: The Summer Lull, Political Undercurrents, and Private Equity’s Dilemma
Summer trading, political developments and the challenges facing private equity feature in this archive edition.
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Week 28, 2025: Waiting for the Catalyst, Tariff Letters, and the Digital Infrastructure Arms Race
Tariff letters, market catalysts and competition in digital infrastructure feature in the Week 28 archive edition.
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Week 27, 2025: Summer Drifts, Stablecoin Shifts, and the Digital Gold Rush
Summer markets, stablecoin developments and the digital asset landscape feature in the Week 27 archive edition.
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Week 26, 2025: Ceasefires, Stablecoins, and the Global Liquidity Chessboard
Ceasefires, stablecoins and the interaction between monetary policy and global liquidity feature in this archive edition.
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Week 25, 2025: Liquidity, Listings, and the Art of the Pivot
Liquidity, public listings, monetary policy and the changing private equity exit landscape feature in this archive edition.
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Week 24, 2025: Oil Shocks, Air Tragedies, and the Art of Staying Nimble
Oil shocks, the Israel-Iran conflict, the Air India tragedy and the rate and liquidity backdrop feature in the Week 24 archive edition.
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Week 23, 2025: Feuds, Fizz, and the Fine Art of Brunch
The Trump-Musk dispute, market sentiment, liquidity and the private equity exit environment feature in this archive edition.
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Week 22, 2025: From Pause to Pivots: Markets, Macro, Exits and the Goldilocks Dilemma
Market rebounds, central-bank policy, gold and the macroeconomic backdrop to private equity exits feature in this archive edition.
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Week 21, 2025: From FOMO to Profit-Taking: Is This Just a Breather, or a Reality Check?
Profit-taking, fiscal pressures, inflation and an extended reflection on gold and portfolio diversification feature in this archive edition.
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Week 20, 2025: From Fear to FOMO: Can This Be Sustained?
Tariff relief, softer inflation, a risk-asset rally and the risks of chasing momentum feature in the Week 20 archive edition.
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Week 19, 2025: Markets Pause, Macro Questions Linger and Ed Reflects on a Tightly Wound Coil
An archive edition exploring rangebound markets, interest rates, debt servicing, global liquidity and the implications for private equity.
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Week 18, 2025: GDP Stumbles, PCE Steals the Spotlight
GDP, PCE inflation and US-China trade uncertainty feature in this archive edition of Ed's weekly market commentary.
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Week 17, 2025: Where Volatility Meets Perspective (and a Little Humour Never Hurts)
US-China tariff negotiations, supply-chain uncertainty, Federal Reserve caution and the economic watchlist shaped Week 17, 2025.
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