During the month of July, the top 3 performing sectors were: metals (13.34%), livestock (11.65%) and softs (10.79%). The bottom 3 sectors were: grains (-3.56%), the Barclays CTA Index (0.29%) and interest rates (0.73%). As the pandemic continues, investors are adding more alternative assets to their portfolio to weather the…

COVID-19   June Economic Numbers were better amid the pandemic news, though an uptick in US cases, hospitalizations and deaths in late June/early July again dampened expectations. US freight shipments still were at the 2009 lows (see graph right – note there was a small pick-up at the end of…

The OPEC+ Cuts of 9.7 million barrels per day (mbpd) held through June and are in place for July from last month’s extension. In a surprise, members more-or-less held to their promised cuts with Iraq, Nigeria and Russia complying.  Russia, a reluctant cutter in the best of times, reached 9.3…

During the month of June, the top 3 performing sectors were: energies (10.66%), the S&P GSCI (5.99%) and softs (5.55%). The bottom 3 sectors were: livestock (-10.16%), the grains (-0.60%) and interest rates (-0.20%). Financial markets continue to show strength as job reports and unemployment numbers report stronger than expected.…