Reworking U.S. foreign trade has been a priority throughout President Donald Trump’s first term in office. To address this goal, the administration focused its efforts on replacing the North American Free Trade Agreement (NAFTA) with the United States-Mexico-Canada Agreement (USMCA) and crafting new trade deals with the U.K., the E.U., and China. The process has… Read more.
The month of July 2019 proved to be a pivotal time for monetary policy in the U.S. An escalating U.S.-China trade war threatened to destabilize economic growth and raised questions about the future of international commerce. In a preemptive strike, the U.S. Federal Reserve (FED) reduced the Federal Funds Target Rate by ¼ point ―… Read more.
Conventional wisdom suggests that trade wars have no winners. This was certainly the case during the early 1930s as import-export tariffs helped to usher in an era of economic protectionism widely blamed for the Great Depression. The years of 2018 and 2019 are prompting many in the financial community to believe that history may be… Read more.
Hello hog traders, To say hog futures took it on the chin last week would be an understatement. The market got a double dose of continuing cutout collapse and spec fund liquidation. Funds are leading the liquidation charge as front month futures get pounded, but it is joined by commercial selling as well. At on… Read more.