Global Markets

U.S. Corn Weekly Review & Futures Outlook – October 2

The most notable feature in the corn market mid-week came from the energy complex and the EIA’s weekly Petroleum Status report. The EIA’s figures showed U.S. gasoline demand falling to just 8,880 thousand barrels per day for the week ending August 23rd, 2016. This was down 770,000 barrels from the…

U.S. Economic Update: ‘Americans, We Have A Problem…’

I was six years old when the Apollo 13 mission had a major malfunction that resulted in aborting their mission to land on the moon. From that moment on, the entire focus became getting those brave astronauts back to earth safely. It took the entire brain trust of NASA to…

U.S. Economic Review And Market Update For August

August was an uneventful month, as many on Wall Street typically take their summer holiday during this period.  Most stock market indexes were little-changed. Stocks & Bonds Global stock markets surprised many market pundits by shrugging off Brexit and roaring back in July.  European equities outperformed, after underperforming in June. …

U.S. Corn Weekly Review And Price Forecast – September 11

In Monday’s Weekly Crop Progress report the USDA lowered its good-to-excellent rating in corn 1% to 74%, equal to 2014’s rating as of September 7th. All of the focus in corn remains on yield. Therefore Monday’s corn ratings decline, albeit it just 1%, did not go unnoticed by the market….

GDP Per Capita: Even Less Than Meets The Eye

Today’s lesson will look at GDP Per Capita, and economic data point that helps keep things in perspective. The most common statistic used to measure the size and growth rate of a nation’s economy is Gross Domestic Product (GDP). However, GDP as most commonly used can be a flawed measurement…

Copper Prices May Fall Further In 2016 As Headwinds Mount

While copper has seen a sizable rally off the 2016 lows, it’s still in a downtrend. And this trend currently appears to be ready to continue lower based on a number of notable headwinds. Bearish headwinds include current price action, momentum, seasonality, and money flow. I’ll dig into each of these…

3 Considerations For Investors Into Wild Presidential Election

It is normal during every Presidential election cycle to become concerned about its impact on the markets. This election, though, does seem to stand out in terms of concern regardless of your political persuasion. I’m 51 years old and I can’t ever remember an election like this before! And, no…

S&P 500 Futures Trading Outlook For July 28

S&P 500 Futures Broad Market Overview for July 28, 2016  –  The Federal Open Market Committee (FOMC) release yesterday did little to shake the charts from their congested levels. Though we dipped deeply into support, once again, a tradable buying opportunity was at hand. Early morning S&P 500 futures trading…

CHART: Higher Oil Prices Trigger Oil Production Increase

The following was written by the Richardson GMP Asset Management Team. An interesting thing happened this week, total oil production rose for just the third time this year. The +0.68% oil production increase was the largest increase since last October. It’s not all that surprising; it’s simple economics. Higher prices…

Market Update: Technical Thoughts Heading Into The Weekend

S&P Futures (near-term trading outlook): – Bullish, growing more positive over 2104 for a move to 2122-3- The neutral range in the last week should give way to more volatility in the days ahead but I’m favoring a bullish bias given the positive action in Healthcare, Industrials with A/D lines back at new…