US Markets

Stock Market Weekly Trend Update & Outlook – October 2

THE BIG PICTURE The major stock market indexes remain uptrends. And although we are overdue for a pullback, the best thing to do is follow the price action and avoid anticipation due to “noise”.  If/When we enter a market pullback, your process should stop you out of the trade… or…

The Illusion Of Prosperity

For the last 50 years, the consumer, that means you and me, have been the most powerful force driving the U.S. economy. Household spending now accounts for almost 70% of economic growth, about 10% more than it did in 1971. Household spending in the U.S. is also approximately 10-15% higher…

Is The Bond Market Wrong About The Global Economy?

The September round of flash manufacturing PMIs saw our composite “global flash PMI” rising +0.4pts to 54.7 – the same level it got to in January before ranging as low as 53.9. Looking at the breakdown, all 3 major components were up in September: Eurozone +0.8 to 58.2 USA +0.2…

U.S. Corn Market Outlook: A Look Ahead To 2018

To better understand what the corn market is pricing in now (and what is to come), traders should always be thinking ahead… FORWARD VIEW:  Looking ahead to the 2018/19 U.S. Corn Supply and Demand and what the price implications might be for December 2018 Corn Futures? Recently a notable private…

U.S. Financial Market Update: Economy, Stocks Stay Positive

August was a month of reduced activity in financial markets, as many market participants take vacation before the start of the school year. Everyone is back  to their normal routine and geopolitical worries such as North Korea continue to simmer.  The rising geopolitical concerns at home and abroad, however, have…

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…

Credit Conditions & Demand Holding Up

In this week’s chart spotlight I want to share a couple charts with you regarding current credit conditions. In the August report from the National Association of Credit Managers (NACM), its Credit Managers Index (CMI) ticked higher. But there were other data points within this report that caught our eye…

U.S. Corn Futures Weekly Outlook: 2016 Deja Vu?

Corn Market – Weekly Highlights Below is a list of key happenings in the Corn market and a few concepts that traders should be aware of.  Further below is a section focusing on my price outlook for December Corn Futures… and why bulls need to start playing defense. Monday’s Weekly…