October 2019 Sector and Index Performance

During the month of October, the top 3 performing sectors were: Metals (4.78%), Livestock (3.37%) and Grains (2.94%). Palladium, platinum and silver led the way in metals, live cattle led the way in livestock, and natural gas was up 13% as more cold weather approaches. The bottom 3 sectors were:…

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Q4: Economic Outlook

Macro trading is an investment strategy that is designed to take advantage of structural imbalances in global asset markets caused by economic, financial, social or political factors.  On a tactical level it utilizes a pre-determined measure of risk to gain maximum leverage in asymmetric investment opportunities.  Based on fundamentals, it…

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Global Economic Review: September 2019

Global   Recession Warnings came fast and furious in September with the OECD cutting 2019 GDP growth by -0.3% to +2.9% for the year, the IMF reducing growth to +3.2% and IHS Markit’s Purchasing Managers’ Index (PMI) indicating contractions in manufacturing in a majority of countries. OECD 2020 projections look…

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September 2019 Global Commodity Snapshot

Global Oil Production Cut by 5% and Market Yawned:   To be fair, the oil market did react on the attack by Iran (or its proxies) on Saudi Arabia’s largest oil blending facility at Abqaiq: prices moved up almost 15% over the weekend from $54.85 to $62.90 per barrel.  However,…

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