Into the early April high in equities, global economic sentiment was hopeful of a quick return to a progressive recovery pace.
Slow and Gradual Recovery In the World Economy
While the US economy is improving, the improvement probably isn’t definitive enough to satisfy US equities, which have recently carved out fresh new all-time highs.
Emerging Market Fears and Anxiety Toward China and Ukraine
Geopolitical headwinds and sub-par spring weather continues to hold back the US recovery. Periodic angst from credit concerns in China, speculation that Putin wants more “living space” and lingering deflationary concerns in Europe have also left sentiment bruised all the way into the end of the first quarter!
Slowdown in China’s Economy Reason For Punishing Slide in Commodity Prices
While the Jury remains out on the situation in China, it is our opinion that most commodity markets have become too bearish toward near-term demand prospects and the global economy.
Slowdown in China’s Economy Reason For Punishing Slide in Commodity Prices
While the Jury remains out on the situation in China, it is our opinion that most commodity markets have become too bearish toward near-term demand prospects and the global economy.
Chinese Commodity Price Trends; Overblown Concerns
Make no mistake: The ebb and flow of Chinese physical commodity demand remain paramount to commodity price trends! Clearly Chinese growth has slowed, and clearly there has been an added fear of credit turmoil inside of China with their recent bond failure.
The World Economy Continues to Claw Its Way Toward Recovery
With several weeks of Dollar weakness, a series of new highs in global equity markets and significant volatility in the Goldman Sachs Commodity Index, one might view the next two weeks as extremely critical for commodity prices.
Is the US Economy Slipping Back?
While Treasury and gold prices seem to think that the US economy is slipping back into a slow or no-growth posture, the odds are good that economic activity was merely crimped by one of the coldest and snowiest winters on record.
Tell-tale Signs of an Improving Global Economy
The price action in many physical commodities over the last two months has been very impressive, and that action is indicative of a global economy that is waddling its way toward recovery.
US Growth Expectations Signaling a Long, Slow Recovery
Over the last two months, the Goldman Sachs Commodity Index has racked up some fairly impressive gains, suggesting that commodities have been sensing improvement in the global economic outlook.