US Markets

An Interview with Value Investor Eric Cinnamond

“Instead of relying on central banks as the foundation of my risk mitigation strategy, I plan to remain committed to my absolute return process and discipline.” –Eric Cinnamond The world’s oldest investment philosophy, buy low and sell high, is not only the most logical but it is also most neglected…

Alcoa’s (AA) Rallies As US Sanctions Spur Aluminum Prices

Alcoa’s (AA) stock price traded 7% higher on Monday morning, after Aluminium prices popped by as much as 3%. The market is evaluating the impact of the recently-announced US sanctions to be imposed on Russian oligarchs. The sanctions include Oleg Deripaska, who owns a stake in the world’s second largest…

U.S. Corn Futures Weekly Market Outlook: Bulls Dig In

Last week MAY corn futures closed UP ¾-CENTS per bushel week-on-week, finishing at $3.88 ½. It has been a rough ride lately for the corn market as volatility has picked up due to tariffs and trade war rhetoric. But the bulls are hanging in there pretty well. Weekly Highlights and…

Market Divergence: U.S. 10-Year Yield Premium Widens vs Dollar

US yield gap continues to widen versus countries like Japan, Germany, and the rest of the G-7. Over the last several years both the yield premium over G-7 and the US dollar have moved together. Recently, the pair has diverged with the dollar declining and the pair widening. Assuming we…

U.S. Equities Weekly Notes: Oversold With Divergences

The equity markets suffered the steepest decline in 26 months last week. The weakness was attributed mainly to investors’ fear of a trade war with China. Last week the President made good on a campaign promise of imposing new tariffs of $60 billion on products from China to punish China…

U.S. Corn Futures Weekly Outlook: Weighing The Upside

May corn futures closed down 5 1/2-cents per bushel week-on-week, finishing at $3.77 1/4. Let’s review the latest corn news, USDA data, and analysis for the week ahead (March 26). Weekly Highlights & Takeaways This week the focus shifted to the USDA’s upcoming release of its 2018 Prospective Plantings report…

Darden Restaurants (DRI) Falls On Earnings, Cycles Point Lower

Darden Restaurants (DRI) was down 4% on Thursday morning after beating on earnings and missing on revenue. The company reported earnings per share of $1.71 and total revenue of $2.13 billion, compared to analyst expectations of $1.64 and $2.15 billion. Darden Drops, Market Cycles Suggest More Pressure Our analysis of…

U.S. Corn Futures Market Outlook: Brazil Is The Wild Card

May corn futures closed down 7 3/4-cents per bushel week-on-week, finishing at $3.82 3/4. Let’s review the latest corn news, usda data, and analysis for the week ahead (March 19). Weekly Highlights and Takeaways: 1.  Weekly export sales in corn totaled 98.6 million bushels for the 2017/18 marketing year, which…

Is There Opportunity In Electricity Generation Stocks?

The drop in demand for electricity and the increased supply of natural gas caused prices to plummet for all electricity producers – including coal and solar, over the last 5 years. In short, it’s been ugly. An ETF that invests in solar companies, the Guggenheim Solar ETF (TAN) trades at…

U.S. Equities Market Update: Technicals Improving

U.S. equities are trying to consolidate the solid gains made last week… a week in which all major sectors gained ground. The Employment Report for February was announced on Friday which showed very strong jobs growth. And the stock market responded in kind with a big rally. Nonfarm payrolls increased…