etf-monitor
iShares TIPS Bond ETF provides exposure to U.S. Treasury Inflation-Protected Securities, whose principal adjusts with CPI — the only government-guaranteed instrument that explicitly protects purchasing power against inflation, making it a foundational building block for real-return portfolios. This analysis is part of Energy Macro’s ETF Monitor research. For our
tollbooth
Uranium Energy Corp is America's largest pure-play uranium producer, operating low-cost in-situ recovery (ISR) mines in Texas and Wyoming — positioned as the domestic supply solution as the U.S. seeks to reduce dependence on Russian and Kazakh nuclear fuel. This analysis is part of Energy Macro’s Tollbooth
etf-monitor
iShares 20+ Year Treasury Bond ETF provides maximum duration exposure to U.S. government bonds, serving as the primary deflation hedge and risk-off position in the Energy Macro framework — the asset that rallies hardest when the economy breaks and the Fed is forced to cut rates aggressively. This analysis is
grid-risk
West Virginia's PJM-connected grid remains the most coal-dependent in the nation, facing an existential transition challenge as coal economics deteriorate while the state's pipeline infrastructure and natural gas resources offer a potential bridge to a more diversified energy future. This analysis is part of Energy Macro’
tollbooth
EOG Resources is the most capital-efficient U.S. shale producer, known for finding and developing premium drilling inventory that generates industry-leading returns on capital — the operator's operator in the Permian, Eagle Ford, and Utica basins. This analysis is part of Energy Macro’s Tollbooth Royalties research. For our
etf-monitor
Direxion Auspice Broad Commodity Strategy ETF applies trend-following rules to commodity futures, going long commodities in uptrends and moving to cash in downtrends — providing commodity exposure with a built-in risk management overlay that reduces drawdowns during commodity bear markets. This analysis is part of Energy Macro’s ETF Monitor research.
grid-risk
Washington's WECC-region grid is powered by the nation's largest hydroelectric system and the Columbia Generating Station nuclear plant, but climate-driven drought risk to hydro output, data center expansion east of the Cascades, and the state's 100% clean electricity mandate create growing reliability and investment
tollbooth
ConocoPhillips is the world's largest independent E&P company, operating the lowest-cost upstream portfolio among major producers — a pure-play oil and gas tollbooth with a $35/barrel breakeven and a disciplined returns framework that prioritizes shareholder distributions over production growth. This analysis is part of Energy Macro’
etf-monitor
iM DBi Managed Futures Strategy ETF replicates the aggregate positioning of large managed futures hedge funds using a systematic model, providing retail investors access to a crisis-alpha strategy that historically profits during equity bear markets and inflationary regimes at a fraction of hedge fund fees. This analysis is part of
tollbooth
Chevron is a global energy supermajor operating a high-quality upstream portfolio, the largest U.S. refining system, and a growing LNG export business — returning $75+ billion to shareholders through 2027 while maintaining 37 consecutive years of dividend increases. This analysis is part of Energy Macro’s Tollbooth Royalties research. For
grid-risk
Vermont's ISO New England grid has fundamentally restructured since the 2014 closure of Vermont Yankee nuclear, shifting from nuclear-powered energy independence to heavy reliance on Canadian hydro imports and distributed renewables in a small, rural system with limited indigenous generation. This analysis is part of Energy Macro’s
etf-monitor
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF provides the same broad commodity exposure as DBC using identical optimized roll methodology — but in a tax-friendly ETF structure that issues standard 1099 forms instead of burdensome K-1 partnership filings. This analysis is part of Energy Macro’s ETF Monitor research.