December 2023 Sector and Index Performance

During the month of December, Crypto (+11.71%) and the S&P 500 (+8.92%) were the top performers. The bottom performers were Softs (-7.67%) and Energy (-5.79%). Despite bank failures,  war in the Middle East and Ukraine, and a host of other problems, 2023 fought off a widely expected recession and finished…

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November 2023 Global Commodity Snapshot

Commodities: Global   OPEC Oil Output Fell Slightly in November, posting at 27.8 million barrels per day (mbpd), as a result of lower shipments by Nigeria and Iraq as well as Saudi Arabia and Russia reiterated their voluntary reductions.  The bigger news was that the OPEC meeting was delayed four…

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Global Economic Review: November 2023

Ukraine & Israel:  Attack / Counter-Attack   The Ukraine-Russia Conflict saw little progress by both sides as Ukraine strove to shore up military funding from Europe and the US.  Ukraine’s grain exports have fallen to around 13.4 million metric tons so far in the 2023/24 July-June marketing season, per their…

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November 2023 Sector and Index Performance

During the month of November, Crypto (+11.06%) and Indices (+9.22%) were the top performers. The bottom performers were Energy (-6.97%) and Livestock (-6.19%). Crypto (+11.06%) posted its third straight positive month, with back to back months of double digit percentage earnings. As we move into winter, Livestock (-6.19%) earnings have…

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