Agriculture
Wheat markets were higher and gained back most if not all of the downside price action from the previous day.
Currencies
He began his professional career at Bear, Stearns & Co. and later co-founded a multi-billion-dollar hedge fund firm headquartered in Santa Monica, California.
Metals
Well, the copper price broke down in an epic fakeout last year before reversing and breaking out, in convincing fashion, to the upside. There’s a fairly tight relationship here which implies Dr. Copper is relatively adept at predicting inflation trends.
Oil
Despite the strong rise in crude oil prices in 2021, the USO ETF has seen consistent outflows since the beginning of the year. Since then the oil rally has struggled, with the price of WTI Crude falling to consolidate below the 61.00 level. Mixed economic data has also threatened the rally in WTI Crude Oil. Sources suggest that the JMMC made no recommendations on oil output at their Wednesday meeting. Thursday’s OPEC+ meeting can have a significant impact on the price going forward.
WTI has boomed in 2021, rising from 48.00 to a high above 63.00 on February 25th.
WTI has boomed in 2021, rising from 48.00 to a high above 63.00 on February 25th.
United States
In large part, the Fed’s accommodative monetary policy, together with rising inflation expectations. The yield on the US 10yr is nearing the 1.50% level again, encroaching on the estimated S&P 500 dividend yield. Research from our team of in-house analysts has been quoted by The Wall Street Journal, Bloomberg, MarketWatch, USA Today, Kitco, Reuters, US News & World Report, CNBC, and more.
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