With a second Fed tapering event recently, the reality of less accommodative US monetary conditions was mostly realized in the marketplace, and not surprisingly, equities suffered the brunt of the reality check.
Brazil
Recent Concern For the Pace of US Recovery
Looking at the action in stocks last week, we might develop some concern for the pace of the US recovery, especially in the wake of a soft December Non-Farm Payroll result, sub-par sales guidance from a couple of bellwether US companies and from fears that the Fed might continue to taper even in the face of uneven US data.
The Origin and Evolution of the Commodity Futures Market: Part I
The 1983, Eddie Murphy and Dan Aykroyd’s film, “Trading Places”, is a hilarious account of the ups and downs of the commodity futures market. Randolph Duke, Senior Partner of an established commodity brokerage firm, explains to Billy Ray Valentine (Eddie Murphy) just what exactly commodities are and how they are traded: “Now, what are commodities?… Read more.