COVID-19 Omicron: Foe or Friend? As the new variant crowds out Delta (Omicron 95% of cases reported in early January), the playing field shifted to data that suggested so far that indeed it is dramatically milder than previous iterations. First, looking at the origin country (South Africa), one can…
OPEC+ Held to Increasing Production by 400,000 barrels per day for February, though is continually missing their total quota due to underproduction in many countries. OPEC pumped 27.8 mbpd in December, a Reuters survey found, up 0.07 mbpd from the previous month but short of the 0.3 mbpd increase allowed…
During the month of December, the top 3 performing sectors were: softs (+12.07%), livestock (+4.82%), and grains (+4.62%). The bottom 3 sectors were: interest rates (-0.78%), currencies (+1.12%) and indices (+3.46%). The month of December closed out the year with strong performance across the board. As the Omicron variant spread…
During the month of November, the top 3 performing sectors were: softs (+5.98%), livestock (+2.80%), and interest rates (+0.63%). The bottom 3 sectors were: energies (-14.71%), metals (-5.79%) and currencies (-1.67%). The month of November started quietly as we entered the holiday season, but volatility quickly hit all the markets…