Global Markets

Economic Chart Spotlight: Global Monetary Policy Converges

The big focus this week is on whether the Fed will either hike rates, announce Quantitative Tighening (QT) aka balance sheet normalization, do both, or do nothing…. but a bigger set of trends are playing out at a global level in the monetary policy space. The key chart in this article came…

U.S. Corn Futures Weekly Outlook: Stocks, Yields In Focus

December corn futures closed UP 1 ½-cents per bushel week-on-week, finishing at $3.56 ¾ on Friday. Corn bulls continue to defend the $3.50 price support area. But they are in need of a script-altering catalyst if prices are to sustain any rally attempt. Fundamentally, the corn market remains mixed. WEEKLY…

Macro Market Commentary: Faith Trumps Fear

With every market-moving tweet, promise, provocation and policy proposal, President Trump has changed the investing and trading landscape. Finance Twitter is but a petri dish of sentiment representing what’s happening beyond the stream. And clearly it is lit up with arguments–sometimes loud, angry, fact-maligning rants–for and against the POTUS and his…

U.S. Financial Markets Update: Uncertainty Creeps Back In

Optimists hope that government will eventually move on to tax reform, while pessimists worry that the Obamacare repeal-failure means tax reform is even less likely. Meanwhile, geopolitical concerns (here and abroad) are adding to market uncertainty for investors. Despite the worries, the economy continues to grow and add jobs. Below…

Corn Futures Market Outlook: Bull vs Bear Tug-Of-War

July corn futures moved slightly lower this week, closing down 3 ¾-cents per bushel week-on-week, finishing on Friday (6/16) at $3.84. Corn futures although closing lower on the week did manage to climb out of a big hole following Monday’s (6/12) down 10 ½-cents per bushel trading session. Weekly Corn…

Global Markets Update: Investors Follow The Drum Beat

The month of May continued to see stock market growth, with a backdrop of increasing political turmoil in the U.S. And the drum beat has carried the tune into June… with the S&P 500 (INDEXSP:.INX) near all-time highs. It appears less likely that a distracted President Trump will bring tax…

China’s May Manufacturing PMI Fails To Impress

China released it’s May official PMI data, and overall the results are fairly benign. On the surface there wasn’t much to change the current view. The May Chinese manufacturing PMI was unchanged at 51.2 and the non-manufacturing PMI up +0.5 to 54.5 with services up +0.9 to 53.5. As well,…

Global Markets Update: Investors Eye Chinese Economic Concerns

The past month has been chalk full of corporate earnings announcements in the U.S., and more political drama. Earnings were largely positive, but with the stock market at historically high levels, apparently something bigger than earnings growth is needed for the S&P 500 (INDEXSP:.INX) to break out above the 2400 level….

U.S. Corn Futures Weekly Outlook: Weather Watch!

July corn futures moved higher this week, closing up 4 ¼-cents per bushel week-on-week, finishing on Friday (5/5) at $3.70 ¾. Corn futures higher weekly close was entirely attributed to Friday’s session, which culminated with a 4 ¼-cents positive close that afternoon. This masked an otherwise disappointing week of price…