Soundings

U.S. Dollar

Drawing from the nautical practice of measuring depth, Soundings explores the underlying forces, risks, and opportunities beneath the market's surface..

Hold Me Now

August 2026

Every road this week led back to the bond market — rates climbing, the Fed quiet, the Treasury leaning on buybacks, and gold, crypto, and the dollar all telling on the debasement trade. Should you still own bonds? Do you need inflation protection?

Watching the Lights Turn Green

March 2026

Markets shrug off a shocking escalation in the Middle East, closing higher within hours.

Gold Math

February 2026

Gold's best month in 40 years ends in a sharp reversal. What investors do next depends on why they bought it.