Week in review and thoughts for the week of March 23, 2026
Markets remained frazzled last week as the conflict in the Persian Gulf entered its fourth week – with no end in sight.
Markets remained frazzled last week as the conflict in the Persian Gulf entered its fourth week – with no end in sight.
The Federal Reserve held rates steady while modestly raising inflation and growth projections, highlighting uncertainty tied to geopolitics and tariffs.
Last week was one for the history books, particularly for those involved in trading precious metals in any way, shape, or form. After weeks and months of relentless price increases, the complex staged one of its most dramatic one day sell-offs on record.
US RV wholesale shipments declined more sharply than typical seasonal norms in November 2025, signaling mounting pressure on discretionary consumer spending amid inflation and elevated interest rates.
Base metals ended mostly lower last week as many complexes were quite overbought and arguably due for a correction.
This piece examines how markets responded over the past 24 hours to the Federal Reserve's latest rate cut, tracking shifts in metals and money markets following Chair Powell's comments.
Rising auto delinquencies amid stretched loan terms may be early warning signs that household finances and retail spending are reaching their breaking point.
Section 232's recurring inclusions, layered alongside overlapping and contested tariff regimes, have turned aluminum trade policy into a rolling mechanism that boosts GDP on paper, stokes inflation in practice, and leaves buyers navigating uncertainty as the only constant.
Watching markets alone isn't enough anymore; now we have to dive into the macro level!
Net growth in job creation correlates to increased steel consumption, and of course, more scrap demand, as recycled metals serve as the primary feedstock for steel production.