The markets have now “reflated” and have partially corrected!
Sugar
Increased Odds of Growth in the US and Abroad
Just when it appeared that the commodity markets were overbought and poised to correct, the US Fed was found to be on-hold “to at least June.”
The Progression Away From Deflation Has Begun
Several weeks ago we spoke of a brightening of economic skies, but in this publication, we have to note some short-term vulnerability potential in markets that are overbought and/or markets that might be overly sensitive to a shift by the Fed back toward a more hawkish stance at upcoming FOMC meetings.
Signs of Slowing Inside and Outside the US
It seemed like the initial threat to western markets was from China, but that threat has expanded with a lengthening pattern of slack US data.
The US Economy is Slowly Progressing
Just as US scheduled data has continued to be mixed, the Fed had added confusion regarding their intentions on monetary policy. The general consensus is that the US economy is slowly progressing.
Fundamental Track in Favor of the Bear Camp
Just when it appeared that sentiment had reached a trough, the crude oil market dragged commodities down even further.
The Deflationary Selling Binge in Commodities Has Continued with a Vengeance
The deflationary selling binge in commodities has continued with a vengeance, with sagging crude oil prices leading the way.
The World is Creeping Toward Recovery
The impressive stock market rally so far in October highlights the ability of the marketplace to put an optimistic face on the global situation.
Economic Data Has Softened in the US and China
Economic data has softened in the US and China over the last two weeks, yet some commodity funds have been seen bottom-picking.
Long and Slow Global Recovery, Commodities in Downward Motion
One almost can’t tell if the world economy is getting better or worse.