The FOMC (Federal Open Market Committee) raised the Fed Funds rate by another 25 basis points on Wednesday June 14, the second such rate hike this year, and the fourth hike since December 2015. This move was largely discounted by the financial markets, and reaction to this news has been…
The overall headline number for the May Retail Sales Report was subdued. Retail sales fell by 0.3% in the month of May after a 0.4% increase in April. The reading highlighted that only 6 of the top 16 retail sales categories were positive on a monthly basis. But… We must keep in mind…
July corn futures moved sharply higher this week, closing up 15-cents per bushel week-on-week, finishing on Friday (6/9) at $3.87 ¾. December corn futures made a new 2017 day high on Thursday, June 8th of $4.09, eclipsing the previous high-water mark of $4.04 from February 28th. Weekly Corn Price Drivers…
Tech Roundup is simple. You get 2 of the most interesting technology stories, 1 chart, and 1 bonus video. Summary Story: Pinterest gets $12.3 billion valuation. The demographics and time spent on the app are strong. Story: The main keynote at the Apple World Developer Conference showcased some cool new Apple products (NASDAQ:AAPL)….
The equity markets broke out to the upside last week with popular stock market averages hitting new 52-week highs. The advance in the final month of the second quarter is growing more inclusive with the NYSE Composite and the Wilshire 5000 joining the S&P 500 (INDEXSP:.INX), NASDAQ Composite (INDEXNASDAQ:.IXIC) and…
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,…
July corn futures moved slightly higher this week, closing up 1 ¾-cents per bushel week-on-week, finishing on Friday (5/26) at $3.74 ¼. Corn futures battled back impressively once again on Friday to close higher on the week; however were unable to close over key resistance at the 100-day moving average…
July corn futures moved slightly higher this week, closing up 1 ½-cents per bushel week-on-week, finishing on Friday (5/19) at $3.72 ½. Corn futures battled back impressively on Friday to close higher on the week despite largely negative market forces pressuring prices Monday through Thursday. Weekly Corn Price Drivers: U.S….
The character of oil and energy stocks has completely changed in May. After a rough start and a full blown liquidation of an energy trading firm, stocks have stabilized along with oil. In fact oil, has had a persistent bid of late. One huge reason to be bearish oil prices…
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….