Well, now that Hurricane Irma has become a Category 5 storm and remains on track to make landfall in the U.S. later this week, folks are getting worried about the impact it could have on crops.
And nowhere is that more apparent than in frozen orange juice futures…
“Well, that’s nothing to be proud of, Rusty…. 50 yaaaards.”
September 1, 2017 in 10Y, central banks, commodities, debt, debt ceiling, dollar, ECB, euro, europe, fed, FX, jobs, S&P 500, yuan.
Although I can’t imagine why…
August 28, 2017 in 10Y, commodities, dollar, euro, europe, FX, gold, jeff bezos, mexico, S&P 500, USDCNY, yuan.
“What may be driving the market the most is if you look at the hurricane center’s track for what is left of Harvey, it puts it right in the middle of Delta rice country.”
“It wasn’t even like it was close”…
“To be clear, the reason ‘what can possibly go wrong?’ has become such a ubiquitous phrase these days has a lot to do with the fact that this has all become one trade.”
“Construction industry boom to enhance the high.”
“We continue to stand by the message that a window of opportunity remains open”…
July 30, 2017 in black swan, central banks, China, commodities, ECB, fed, FX, geopolitics, oil, S&P 500.
“…at the turn of the tide.”
July 27, 2017 in 10Y, commodities, CTA, dollar, Dow, euro, fed, franc, FX, germany, gold, marko kolanovic, risk parity, S&P 500, yen.
So “dovish” it was, or at least “dovish” was the market’s read on the Fed statement. The language on the outlook for inflation was timid and “relatively soon” on the balance sheet gives them an out if they end up needing it. “The post-meeting statement noted that the Committee expects to begin balance sheet normalization…
July 26, 2017 in 10Y, aussie, bonds, commodities, dollar, Dow, euro, fed, fomc, gold, S&P 500, yellen, yen.
“So much winning, you’re going to get tired of winning”…
July 19, 2017 in 10Y, central banks, commodities, dollar, Dow, ECB, euro, europe, FX, S&P 500, yen.
“…more importantly, the fundamental rules of commodity investing have been underappreciated both by us and by market participants.”
“The Market Gods are a fickle bunch. Even if you avoid nickels in the urinals, they still seem to find ways to get you.”
“It’s been a week filled with hyperbole. Trial balloons dressed up as pre-commitments. A little volatility described in cataclysmic terms and compared to jarring historical market upsets.”