Depending on who you talk to, the most recent US jobs report was either disappointing or very impressive. Clearly the widely-followed headline gain was very disappointing against expectations, but the massive upward revision in the previous month’s payrolls, a bigger than expected drop in the unemployment rate, a huge…
Wheat
Will Trade Tensions Bring Gains in US Treasuries or Negative Impact on Commodities?
The number of global geopolitical/economic flashpoints has expanded dramatically, and the potential for a major risk-off event is growing. Given that US/China trade tensions are escalating and given China’s outsized impact on physical commodities, the threat against…
Favorable Demand Conditions to Offset Vulnerabilities in Commodity Markets
Many commodity markets appear to be vulnerable to corrective action, despite the fact that the dollar is showing signs of weakening and providing support from an export perspective. Favorable weather, a historically strong start…
Strong Dollar and Trade Uncertainty Potentially Impede Positive Tone in Global Markets
Global markets came through an eventful week last week with a mildly positive tone. US long-term yields continued to rise, with 10-year rates reaching their highest level in nearly seven years. While there were lukewarm readings on retail sales and housing starts, a one-year high was reached in the Philly Fed survey, as well as…
Improved Expectations in Metals and Treasuries Contrasts Potential Volatility in Physical Commodities
With US scheduled data into the end of March/end of quarter coming in positive and the trade facing the March nonfarm payroll report at the end of this week, it is possible that US economic expectations will be improved and markets like Treasuries, equities, copper, silver, platinum and palladium will resume the trends in place from the end of February. However, physical commodities…
Markets Showing Some Signs of Stability Amid Trade War Concerns
Following turbulent trading last Wednesday and Thursday, global markets were showing some signs of stability ahead of the weekend. While the announcement of US tariffs on Chinese goods have led to a flare-up of trade friction and dampened risk appetites, there is some potential for tensions to cool down, as businesses will have a chance to discuss many of the tariffs with the US government before they go into effect.
Potential Threat to Equities Ahead Despite Low Inflation Measures Near-Term
Please log in to view this content.
Commodities Face Supply-Side Pressure, Year of “Exploding” US Exports Ahead
Please log in to view this content.
Tax Reform Plans Pushing Negative Buttons, Bright Spot in Energy
Please log in to view this content.
Reflation Bias Extends into November, Strong Equities Positive for Growth
Please log in to view this content.