Stay both commodity and dollar bullish in 2017

After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.

• Jun 18, 2021Goldman sees Fed-driven dip in commodities as a 'buying opportunity'+3.2%
• Apr 27, 2017David Rosenberg: Why I’m turning bullish on the Canadian dollar - The Globe and Mail-3.1%
• May 11, 2021Commodity currencies hold advantage as dollar waits for inflation and Fed | Reuters+2.0%
• Mar 17, 2017Dollar crunched by cautious Fed, bonds and commodities cheer | Daily FT-2.5%
• May 18, 2020Dollar struggles as rising oil prices lift commodity currencies+13.5%

After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.

• Oct 22, 2020Goldman Sachs: Commodities bull market ahead on dollar, inflation risk-5.9%
• Sep 24, 2018Goldman: Stronger dollar unlikely to derail bullish view on commodities | Daily FT+4.9%
• Jun 18, 2021Goldman sees Fed-driven dip in commodities as a 'buying opportunity'+3.8%
• Aug 24, 2021Dollar slips further as oil rallies, commodity currencies gain | Reuters+5.7%
• May 11, 2021Commodity currencies hold advantage as dollar waits for inflation and Fed | Reuters+1.6%

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• Sep 15, 2022Is the US Dollar Too Strong? | Goldman Sachs+1.0%
• Dec 3, 2021US dollar: New upside risks building up amid Omicron covid, Fed’s hawkish tilt – Goldman Sachs — Octa-0.2%
• Jun 18, 2021Goldman sees Fed-driven dip in commodities as a 'buying opportunity'-0.2%
• Jun 6, 2024Why the US dollar is likely to stay ‘stronger for longer’ | Goldman Sachs+1.1%
• Jun 18, 2021Goldman’s Currie Says Buy Commodities Dip, Bull Case Intact - Bloomberg-0.2%