OPEC+ Surprised Markets by leaving production largely unchanged at their March 4th meeting, with a small increase permitted for Russia (+130,000 barrels per day (bpd)) and Kazakhstan (+20,000 bpd). This leaves 1.35 million bpd (mbpd) off the market for another month, through April. Oil prices rocked higher to the $65…
During the month of February, the top 3 performing sectors were: energies (12.86%), softs (7.99%), and livestock (7.95%). The bottom 3 sectors were: interest rates (-2.06%), currencies (-0.48%) and the financial indices (2.09%). The S&P GSCI broke its January 2020 levels and has posted four consecutive months of positive returns.…
2020 followed 2019’s lead and was another good year for many CTA strategies. CTA indices were also up, with Barclay’s CTA index posting a positive return of 5.4% and, and the SocGen CTA Index posting a positive return of 3.1%. Agricultural strategies, which had been out of favor over the…
COVID-19 Many Improvements transpired in January, with vaccinations in some countries moving forward at a good pace and lower case/hospitalization counts, though other areas lagged and new variants raised fears of a protracted illness. To summarize the positive side: Per Bloomberg’s tracker, over 100 million doses have been administered…