Morning Thoughts – June 29
Financials – Over the past week we’ve seen a big surge in hawkish comments from central bankers around the world. Yesterday’s key contributor was BOE chief Carney saying they may need to remove stimulus soon…nevermind that whole Brexit thing. This is creating...
Morning Thoughts – June 28
Livestock – Easy come, easy go for LC futures so far this week. Monday’s surprising limit up reaction to a supposedly negative COF report on Friday was almost entirely reversed in yesterday’s surprisingly weak action. In both cases, Monday and Tuesday, I...
Morning Thoughts – June 20
Energy – Crude oil prices are trading at 7-month lows this morning following data showing the amount of oil stored in tankers reached a new high of 111.9 million barrels earlier this month. Note the chart below is showing the 4-week average, which hasn’t yet...