AgentCanary/The Record/2026/May/May 16/MACRO RADAR
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MACRO RADAR · May 16, 2026 · 03:15 UTC

Oil: SUPPLY_TIGHTENING, crude 452.9M bbl, refinery 91.7%, SPR 384M.

MACRO RADAR · May 16, 2026, 03:15 UTC

Global CB Liquidity: $18.24T (YoY -2.95%) — fed $6.73T · ecb $7.28T · boj $4.23T US M2: $22.69T (YoY +4.57%) HY Credit Spreads: 276bps NORMAL (composite: CAUTION) BDRY: $13.03 (+31.1% 30d, UP — BULLISH_SHIPPING).

Key indicators

Global CB Liquidity
$18.24T (YoY -2.95%)
US M2
$22.69T (YoY +4.57%)
HY Credit Spreads
276bps (NORMAL)
Crypto Sentiment
31 (Fear, 7d avg 42)

Liquidity & Credit

Global CB Liquidity: $18.24T (YoY -2.95%) — fed $6.73T · ecb $7.28T · boj $4.23T US M2: $22.69T (YoY +4.57%) HY Credit Spreads: 276bps NORMAL (composite: CAUTION) BDRY: $13.03 (+31.1% 30d, UP — BULLISH_SHIPPING). Oil: SUPPLY_TIGHTENING, crude 452.9M bbl, refinery 91.7%, SPR 384M.

Key Prices

SPY -0.4% | QQQ -0.8% | VIX +6.8% | TLT -1.3% | DXY +0.4% | OIL flat Crypto sentiment: 31 (Fear, 7d avg 42) (falling).

Overnight vs US Close

▼ SLV: -13.0% ▼ COPX: -9.6% ▼ KWEB: -7.9% ▲ VIX: +6.8% ▼ URA: -6.3% ▼ FXI: -5.4%

Top Movers

Top movers: SLV -13.0%, KWEB -7.9%, VIX +6.8%, FXI -5.4%, EWY -5.2%, RENDER +3.8%.

Hegemony Snapback

👀 1.5/6 — WATCH

Notable Z-scores

[-] 2s10s Curve: -1.96σ [+] 30Y Treasury: +1.74σ [+] 10Y Treasury: +1.65σ

US Open Setup

Energy outperformance suggests commodity rotation intact despite metals weakness. Watch for US session follow-through on Asia risk-off tone or potential reversal if volatility spike proves overdone. agentcanary.ai | Not financial advice