Global Economic Review: January 2021

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…

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January 2021 Global Commodity Snapshot

OPEC+ Set New Production Levels at their January 5th meeting with a surprise 500,000 barrels per day (bpd) cut by Saudi Arabia for February and March while Russia and Kazakhstan will increase their official production by a combined 75,000 bpd for those two months. Oil prices moved higher to the…

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January 2021 Sector and Index Performance

During the month of January, the top 3 performing sectors were: energies (8.61%), grains (4.00%), and the S&P GSCI (5.26%). The bottom 3 sectors were: softs (-1.73%), metals (-1.53%) and currencies (-1.13%). Energies continued to post positive returns as global oil demand increased, healthcare companies ramped up vaccine distribution, and…

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Global Economic Review: December 2020

COVID-19   US Economic Activity ended on a poor note for 2020 but still looked to grow by about 9% annualized for Q4. Europe on the other hand was forecasted to decline by the same percentage per a Bloomberg survey as stricter lockdowns attempted to combat a surge in cases…

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