From the Trading Desk at Stipelis

From the Trading Desk at Stipelis;Monday, May 4, 2026The opinions expressed are those of Stipelis Global Trading LLC and are considered market commentary. They are not intended to act as investment recommendations. Individuals should make investment decisions based on their own analysis and with direct consultation with a financial advisor. Stipelis Global Trading LLC is registered with the Commodity Futures Trading Commission and is a member of the National Futures Association.  Member ID 0474441 THE RISK OF LOSS IN TRADING COMMODITY INTERESTS CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING ISSUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION.

Markets are reacting to higher energy prices as oil extends its rally, keeping inflation concerns front and center. At the same time, global equities are showing mixed behavior, with strength concentrated in a narrower group of stocks.

Markets face a dense week of data and central bankdecisions. Investors will likely focus less on the rate decisions themselvesand more on the language policymakers use. At the same time, energy marketscontinue watching developments around the Strait of Hormuz.Stay in touch withthe Trading Desk at Stipelis for ongoing market commentary.    The opinionsexpressed are those of Stipelis Global Trading LLC and are considered marketcommentary. They are not intended to act as investment recommendations.Individuals should make investment decisions based on their own analysis andwith direct consultation with a financial advisor. Stipelis GlobalTrading LLC is registered with the Commodity Futures Trading Commission and isa member of the National Futures Association. Member ID 0474441 THE RISK OF LOSS IN TRADING COMMODITY INTERESTS CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING ISSUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION.

Markets opened the week cautiously after fresh MiddleEast headlines. Oil and volatility moved higher, while equities and the dollarsoftened. This week’s data may help separate headline risk from underlyingeconomic momentum.The opinionsexpressed are those of Stipelis Global Trading LLC and are considered marketcommentary. They are not intended to act as investment recommendations.Individuals should make investment decisions based on their own analysis andwith direct consultation with a financial advisor. Stipelis GlobalTrading LLC is registered with the Commodity Futures Trading Commission and isa member of the National Futures Association. Member ID 0474441 THE RISK OF LOSS IN TRADING COMMODITY INTERESTS CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION.

Commentary on the importance of investing in raw materials.