Senior Market Strategist John Caruso unpacks Q4 macro trends driving markets — from resilient U.S. growth fueled by AI data center spending to a Fed poised for more rate cuts. He breaks down why inflation remains sticky near 3%, how the labor market is showing early cracks, and what the K-shaped economy means for investors. John also covers his outlook on equities heading into year-end, gold’s pullback amid strong central-bank demand, and why copper may be the next major accumulation trade as electrification and infrastructure expansion collide with tight global supply.
Senior market strategist Bob Haberkorn breaks down why silver and gold markets are turning sharply bullish, with physical shortages, soaring ETF demand, and unprecedented lease rates driving price movement. He explains the growing gap between spot and futures, why silver could hit $55 soon, and how central banks, sovereign wealth funds, and retail buyers are fueling the rally. Bob also touches on copper’s outlook amid tariff volatility and rising long-term industrial demand, along with how traders can use futures and options to manage risk in the current metals landscape.
As gold surges toward $4,000, concerns about an impending stock market slide are gaining traction. In this episode, Bob Haberkorn, Senior Market Strategist, breaks down why investors are shifting toward precious metals, how silver is tracking alongside gold, and what economic signals are driving the move to safety. He also weighs in on the role options trading is playing in the current environment and how it may be signaling broader market caution. Haberkorn explains the conditions that could trigger a pullback in equities and why gold and silver may continue to climb even as stocks soften.
In this episode of Rolling Trades with RJO Futures, Senior Market Strategist Bill Dixon recaps Q3 performance across stocks, metals, and energy markets. He highlights strong gains in equities and precious metals, the challenges facing crude oil, and the resilience of natural gas. Bill also breaks down the Federal Reserve’s latest rate cut, the potential impact of a government shutdown, and what labor and inflation trends could mean heading into Q4. Tune in for insights on how these factors may shape opportunities and risks across the markets.
John Caruso, Senior Market Strategist at RJO Futures, explains why the Fed’s recent
25-basis-point cut is “risk management” and why another 25 basis points may come in October
and December. He describes how monetary and fiscal policies are creating a reflationary
backdrop in the U.S. and globally, making the Fed’s path back to 2% inflation long and
uncertain. Caruso highlights the structural headwinds facing the U.S. dollar, why deficits and
debt keep pressure on policymakers, and how this environment supports commodities, with gold
breaking out and silver gaining strength.
In this episode of Rolling Trades, Senior Market Strategist John Caruso breaks down the latest Fed rate cut, rising inflation risks, and the outlook for U.S. growth. He covers consumer sentiment trends, labor market weakness, and why the Fed may be abandoning its 2% inflation target. John also dives deep into the commodities rally, highlighting the surge in gold, silver, and platinum, and explains why a weaker dollar and persistent deficits could drive further gains. Tune in for market insights, charts, and strategies to navigate this critical stage of the cycle.
In this episode of Rolling Trades, Senior Market Strategist Alexander Turro breaks down the latest CPI data, highlighting a mixed inflation picture with rising food and core goods prices. He covers the sharp moves in commodities—silver hits a 14-year high, copper reaches all-time highs—and explores the macro forces at play, from a weakening U.S. dollar to China’s infrastructure push. Plus, Alexander dives into the technical setup of the S&P 500 and previews key market catalysts ahead, including earnings season and the upcoming Fed rate decision. Stay tuned for critical insights to guide your trading strategy.
TIMESTAMPS:
00:30 – CPI Breakdown & Inflation Drivers
01:10 – Stagflation Outlook & Reflation in 2025
01:45 – US Dollar Drop & Global Tailwinds
02:25 – Dollar Rebound vs Commodity Resilience
02:50 – Silver Hits 14-Year High
03:25 – Copper at All-Time High & China’s Q3 Rebound
04:10 – Metals Strategy: Buy the Dips
04:30 – S&P 500 Wedge Formation & Flow Mechanics
05:10 – Positive Gamma & Dealer Positioning
05:35 – Market Dispersion & Goldman Short Note
05:55 – Looking Ahead: Fed, Earnings, Jobs Report
In this episode of Rolling Trades, Bob Haberkorn dives into the recent breakout in silver prices and why it may just be the beginning. He breaks down the impact of AI-driven demand, tightening global supply, and the looming possibility of U.S. tariffs on imported silver.
With gold soaring and silver playing catch-up, Bob explains why current price action could be a strong setup for traders and how to position for potential moves to $50 and beyond.
Timestamps:
00:08 – Silver’s Breakout
01:25 – AI Demand and the Silver Supply Crunch
02:05 – Gold-Silver Ratio and Market Imbalance
02:50 – Tariff Speculation and the Upside Potential
04:19 – Options Strategies for a Bullish Silver Play
05:28 – Volatility, Chart Setups, and Final Thoughts
Daniel Pavilonis, Senior Market Strategist, breaks down the recent spike in WTI crude prices amid rising tensions in the Middle East. He explores how geopolitical risk, inventory drawdowns, and U.S. yield curves are influencing oil markets — and why fair value may be closer to $60 despite recent highs. Is the war premium already priced in? Tune in for a tactical market outlook and key positioning strategies.
In this episode of Rolling Trades, Senior Market Strategist John Caruso breaks down the latest macroeconomic developments shaking the markets. From renewed tariff tensions and the fiscal impact of the newly signed “Big Beautiful Bill,” to signs of a stagflationary setup emerging in Q3, Caruso outlines what traders need to know. He highlights cracks in the labor market, rising inflation projections, and potential political pressure on the Fed.
Plus, he dives deep into the charts—spotlighting gold, silver, copper, and crude oil—and shares tactical trade setups and support levels. Whether you’re looking for macro context or actionable trade ideas, this episode delivers.
Senior Market Strategist Tyler Herrmann breaks down what traders need to know as corn and soybean markets brace for the June 30 USDA report.
From flexible option expirations and shifting spreads to acreage expectations and weather risks, this episode delivers timely insights on how to navigate volatility in the row crop markets.
Plus, learn which strategies offer the most flexibility heading into a critical few weeks for both pricing and positioning.
In this episode of Rolling Trades, John Caruso and Alex Turro break down key macro trends including GDP shifts, inflation, and fiscal policy, along with breakout trades in silver, platinum, and crude oil. They also explore market dynamics driven by CTA flows and sentiment.
Whether you’re trading hard assets or tracking policy shifts, this is a must-listen.
In this episode of Rolling Trades, Senior Market Strategist Daniel Pavilonis breaks down the recent shifts in the crude oil landscape. From OPEC+ production hikes to the surprising resilience of the U.S. economy, Dan explores how macroeconomic forces, summer demand, and interest rate movements are shaping energy markets. Tune in for a clear-eyed look at why the correlation between WTI and the 10-year yield matters now more than ever—and how traders might interpret the evolving price floor for crude.
In this episode of Rolling Trades, Senior Market Strategists Bob Haberkorn and Todd Fulton dive deep into the mental side of trading—specifically within the world of Managed Futures. They explore the importance of sticking to a process, managing risk, and avoiding the emotional traps that can derail even the most experienced traders. With stories from the trading floor and actionable insights tailored to the unique dynamics of Managed Futures, this conversation is a must-listen for anyone looking to sharpen their edge and approach these markets with confidence.
In this episode, Bob Haberkorn from RJO Futures breaks down the current landscape of precious metals. With gold soaring past $3,300 and investor hesitation growing, Bob explores smarter entry points in silver and platinum. Learn why platinum’s breakout could signal a major buying opportunity, how silver’s consolidation phase might precede a surge, and how futures contracts can offer strategic leverage. If you’re looking to hedge uncertainty or add precious metals to your portfolio, this episode delivers sharp insight and practical advice.
Welcome to the debut episode of Rolling Trades by RJO Futures. Senior Market Strategist JohnCaruso kicks things off with a deep dive into the current macroeconomic landscape. From GDPtrends and inflation data to earnings surprises and labor market updates, John breaks down theforces shaping market momentum.
He also shares key insights on the Federal Reserve’s evolving stance, interprets the two-yearyield’s message, and gives his technical outlook on major markets including the S&P 500, gold,silver, copper, and crude oil.
Whether you’re an active trader or market observer, this episode delivers timely analysis andperspective to help you make more informed decisions
