Morning Summary: As I mentioned in Friday’s Chart of the Day, it was an interesting overnight session for the US dollar index. The greenback dropped to within shouting distance of its short-term downside target of 104.45, hitting a low of [...]
Morning Summary: As always, one of the first things I did Thursday morning was run the traps of the various market sectors. After the initial round, I pulled back from my desk and replayed the events of the morning leading [...]
Morning Summary: Early Wednesday finds a number of markets poised to make big moves over the course of the day, with our old friend the Widow Maker leading the way pre-dawn. A look at the Barchart Futures Market Heat Map [...]
Morning Summary: We all know the pattern by now, the oft talked about tendency of Turnaround Tuesday. Some markets got the memo as they reversed course from Monday, starting with the US dollar index. While the greenback only dipped 0.27 [...]
Morning Summary: Monday is all about crude oil coming out of a weekend that saw OPEC+ leaves its production cuts in place, EU price caps against Russian oil go into effect, and China loosen its zero-policy stance on Covid. From [...]
Morning Summary: There are a couple key talking points ahead of Friday’s session. While most of the commentary will be about November jobs data, the real headlines are the US Senate passed legislation to avert a rail strike by a [...]
Morning Summary: Yes, we have somehow reached December 1, the first day of meteorological winter across the Northern Hemisphere. It seems like both yesterday and an eternity ago the world was preparing for the 2022 Winter Olympics in Beijing, a [...]
Morning Summary: Somehow we’ve reached the last day of November, also known as first notice day for deliveries against December futures contracts. In the financial markets, the only sizeable initial delivery was seen in US Treasury 5-year note futures with [...]
Morning Summary: Reading through news related to markets early Tuesday morning and the common thread was stories out of China. First there was the slight relaxation of the Covid lockdown, in one story I read (though I’m not consistently finding [...]
Morning Summary: As you know, we are already into the holiday season so for the next month or so there will be a number of holly (red markets) and ivy (green markets) references. To get things rolling early Monday morning [...]
Morning Summary: By now your turkey should be brined and possibly going through the drying process, waiting to move into the roaster. Or, if like me, a family member already has a beef brisket smoking low and slow. However you [...]
Morning Summary: Lights are flashing red and green. Not a creature was stirring, not even a mouse. Did we flash forward, and the US Thanksgiving holiday is already in the past, putting us in that tryptophan-induced coma that last for [...]
Morning Summary: As we get rolling on this holiday-shortened week the US dollar index is showing some short-term strength. The greenback confirmed a short-term uptrend overnight as it hit a new 4-day high above 107.24. As of the writing the [...]
Morning Summary: There was a lot of chatter overnight that could come into play in markets over the course of time. The piece of news I found most interesting talked of how the US Treasury yield curve was now more [...]
Morning Summary: A look at the Barchart Futures Market heat map early Thursday morning shows a lot of red. Most of the markets in the green don’t trade overnight, the livestock sector and orange juice, with the other standout being [...]
Morning Summary: Here is a quick recap of how my early Wednesday morning progressed: As usual it started with a quick double-shot of espresso, then a check of the markets. The US dollar index was falling again, down as much [...]
Morning Summary: There are mornings when one market jumps out at you, and this morning that market is the US dollar index. As always, I started the process of running the traps of the various market sectors with global currencies, [...]
Morning Summary: It has been an interesting morning already as US President Biden and China’s President Xi are meeting in-person for the first time since Mr. Biden took office. Preliminary statements from both leaders talked of finding a way forward [...]
Morning Summary: By the time you read this, the “11th hour of the 11th day of the 11th month” will have already passed in France. Whether you call it Armistice Day, Remembrance Day, Veterans’ Day, or something else, I hope [...]
Morning Summary: There are a number of storms brewing all around the United States, starting with Hurricane Nicole making landfall along Florida’s east coast and quickly downshifting back to a tropical storm. Further north and to the west, a cold [...]
Morning Summary: Not a market was stirring overnight through early Wednesday morning, not even natural gas. A look at the Barchart Futures Market Heat Map shows a lot of red, but a closer inspection shows most sectors and markets posting [...]
Morning Summary: Other than natural gas, which knows not what ‘calm’ means, the commodity complex in general was relatively quiet overnight. There is a storm brewing, and no, I’m not talking about Subtropical Storm Nicole that is making its way [...]
Morning Summary: Some financial markets reversed course overnight, led by the US dollar index losing its initial buying momentum to sit in the red early Monday morning. The index continues to indicate a top is in place, though as discussed [...]
Morning Summary: It’s always interesting the difference 24 hours can make when it comes to markets. Recall yesterday in this space I talked about how every market sector that traded overnight was in the red, due in part to a [...]
Morning Summary: A close look at the Barchart Futures Market Heat Map early Thursday and three markets stand out for showing green: The US dollar index, feeder cattle, and orange juice. However, if we consider feeders and orange juice don’t [...]
Morning Summary: As I was reading through the news early Wednesday morning I noticed the grain and oilseed sector was coming under increased pressure. I then found a Bloomberg story that read, “Ukraine’s grain export corridor will resume operations as [...]
Morning Summary: The morning after Halloween sometimes leaves folks in a daze as a result of crashing from the previous night’s sugar rush. The other reality is that we have entered the last month of autumn meaning winter is a [...]
Morning Summary: I’ll talk more about the grain and oilseed sector in general, the wheat sub-sector in particular in a bit, but a quick summary is markets were able to hold initial overnight strength through early Monday morning. The same [...]
Morning Summary: A close look at the Barchart Futures Heat Map shows us three markets in the green: The US dollar index as it continues to recover from the sharp selloff seen early this week, Class III milk, and cocoa. [...]
Morning Summary: Thursday morning shows us a mixed market picture, not necessarily with rallies and selloffs for we know there is almost always some of both, but rather markets following Wednesday’s path while others reversed course. The US dollar index [...]
Morning Summary: It was another tough night for the US dollar index as the greenback fell as much as 1.01 and was still sitting 0.64 lower at this writing. There is something brewing in global investment markets, something that ties [...]
Morning Summary: Given it is Halloween season, I thought I was in a spooky Twilight Zone episode as I ran the traps of the various market sectors early Tuesday morning. Or maybe it was because Major League Baseball’s World Series [...]
Morning Summary: I can’t go quite as far as calling early Monday a mixed morning, with most sectors in the commodity complex sitting in the red. Many of the outliers are in softs where cotton is fractionally higher while coffee [...]
Morning Summary: “I heard the news today – oh boy.” Many of you likely recognized this as the opening line to the Beatles song “A Day in the Life”. I had the CNBC program Worldwide Exchange on in the background [...]
Morning Summary: As you can tell from the title of this piece, the thought of having collard greens for breakfast crossed my mind. The only problem is I don’t have any collards, and I wouldn’t know what to do with [...]
Morning Summary: The commodity complex is mixed to start the day, with overnight trade generally quiet. A look at the Barchart Futures Market Heat Map (see attached) shows the energy sector is leading the way pre-dawn with a combined gain [...]
Morning Summary: A quick check of the traps this morning shows me most of the markets are not taking part in Turnaround Tuesday, but rather following the same path laid out during Monday’s session. Notable among the markets not making [...]
Morning Summary: I know many of us approach the start of a new week like the cartoon character Garfield the Cat. Garfield was famous for the phrase, “I hate Mondays”, and was known to pull the blankets up over his [...]
Morning Summary: Somehow, we’ve made it to Friday morning with only one more day session until we reach the weekend. It has been a active week for most markets, none more so than US stock indexes that have posted a [...]
Morning Summary: Markets were quietly mixed early Thursday morning, ahead of another round of inflation data with the September Consumer Price Index (CPI) set for release at 8:30 (ET). At the same time, the latest weekly jobless claims numbers will [...]
Morning Summary: Traders in nearly every market sector are gearing up for the release of some sort of government number Wednesday, and isn’t that just a little bit sad? In financials, all the talk is about the next round of [...]
Morning Summary: A quick check of the headlines Tuesday morning shows us not much changed overnight as Russia continues to rain down missiles on civilians in Ukraine. Meanwhile, the Bank of England has “intervened in bond markets” for the second [...]
Morning Summary: There was a lot going on this weekend, with most of the news coming from Ukraine. Going back to last week there were reports (rumors?) of Russian trains taking nuclear weapons to the front, chatter the markets largely [...]
Morning Summary: It’s hard to believe we have already reached the last day of the week of the first month of the fourth financial quarter. It seems like only yesterday when we were talking about the end of September, but [...]
Morning Summary: Now that all the fireworks associated with the start of a new week, month, and quarter are behind us and the private jets adorned with gold and jewels are leaving Vienna, it’s back to the grind for most [...]
Morning Summary: Financial television was dominated by two stories early Wednesday morning, one important and one infuriatingly trivial. However, both are perfect reflections of the times we live in and share a common connection to US mid-term elections. The important [...]
Morning Summary: Welcome to a new week, a new month, and a new financial quarter. As markets get rolling we already see some sectors with a changed tone, most notably energies. Both Brent and WTI crude oil are up more [...]
Morning Summary: A classic line from the 1984 movie “This Is Spinal Tap” has one of the main characters explaining how the volume on his amplifier goes up to eleven rather than the standard 10. It’s a great scene, and [...]
Morning Summary: The first piece of news I saw Wednesday was a post from one of the early morning anchors on Bloomberg Television that read, “The euro hits 0.95 per dollar.” A quick check told be this was the weakest [...]
Morning Summary: I think it was last Thursday when I gave a quick rundown of how a week tends to play out in the world of markets. Friday and Monday are the most active. Tuesday is the last day of [...]
Morning Summary: The big news that wasn’t news over the weekend was the rumored coup in China that supposedly had overthrown President Xi. Had it been true, and we still don’t know what is going on in that part of [...]
Morning Summary: The first thing that jumped out at me Friday morning was another dazzling move by the US dollar index as it raced to an overnight high or 112.33, finally taking out the high from June 2002 of 112.04. [...]
Morning Summary: For those of you not following the meteorological calendar, the one that has September 1 as the first day of fall, your seasons officially change today with the fall equinox. What does this have to do with markets? [...]
Morning Summary: The first news I read Wednesday morning was of global markets reacting to the Madman Across the Water (Putin) instituting a draft to provide him more bodies to sacrifice in Ukraine. While this was some of what drove [...]
Morning Summary: A look at markets pre-dawn Tuesday shows us a generally quiet landscape as traders gear up for Wednesday’s US Federal Reserve interest rate hike announcement. The US dollar index is back in the green to start the day [...]
Morning Summary: Welcome to a new week, though I don’t blame you if you think we are caught in an endless loop when it comes to markets. A quick check of the commodity complex shows us much the same thing [...]
Morning Summary: One of the last headlines I saw Thursday evening before collapsing into pleasant dreams of my trip to Chicago (no, really) was that one of the three rail workers’ unions did not ratify the tentative agreement announced earlier [...]
Morning Summary: If the overnight session is any indication, Tuesday’s session in the commodity complex should be much quieter than what we saw Monday. A number of markets were tossing around, as if simply trying to get comfortable again, while [...]
Morning Summary: The commodity complex was largely glowing green again, similar to what was seen last Friday. Much of it is likely due to renewed selling in the US dollar index as the greenback lost as much as 1.16 overnight, [...]
Morning Summary: It was interesting to see nearly every market taking part in this week’s Green Friday[i]. While most commodities were showing gains of 0.75% to 1.5% pre-dawn, Dr. Copper once again led the way with a rally of more [...]
Morning Summary: Most markets were much quieter than they were 24 hours ago, starting with the US dollar index. The greenback stabilized overnight following Wednesday’s wild session that saw it fall more than 1.00 off its new 20-year high. Early [...]
Morning Summary: The star of the overnight session into early Wednesday morning is once again the US dollar index. The greenback extended this month’s rally to 110.69 and for now is showing no sign of slowing its ascent. I did [...]
Morning Summary: As we come out of the US Labor Day 3-day holiday weekend, the last of the year, markets are an interesting mix. I, like so many others, traveled this past weekend and from what I could tell gasoline [...]
Morning Summary: Friday morning shows the commodity complex in general taking a few tentative steps out of the hold most markets fell into Thursday, seemingly wary of being eaten by bears pre-dawn. The grain and oilseed sector was mostly higher, [...]
Morning Summary: Today is September 1, the first day of meteorological fall, and I’m sure you all have your pumpkin spiced latte on hand as you read this Commentary. A quick check of the various market sectors shows us not [...]
Morning Summary: We’ve made it to Wednesday, sometimes known as Hump Day or Whisk(e)y Wednesday. This time around, though, it goes by a number of other names as well. It’s the last day August making it also the last day [...]
Morning Summary: All it takes is a quick glance at the quote screen early this morning and the phrase comes to mind. In fact, I was asked mid-morning Monday about the possibility of such a thing happening, so entrenched is [...]
Morning Summary: It’s hard to believe, but we’ve already reached the last Monday of meteorological summer here in North America, the last Monday of winter south of the equator. I’ll talk more about the changing of the seasons in my [...]
Morning Summary: I don’t know why, but today started out much earlier than normal. When that happens, I put on the Frank Sinatra “Wee Small Hours of the Morning” album and start making coffee. As I sit and type this [...]
Morning Summary: The grain and oilseed complex continued its fast and furious rally overnight through early Wednesday morning with December corn gaining as much as 11.5 cents while November soybeans jumped as much as 19.25 cents. Trade volume was decent, [...]
Morning Summary: The commodity complex was rocking and rolling again early Tuesday with nearly every market of every sector “turned up to 11” (Those of a certain age will get that reference). Starting with energies this morning, the star of [...]
Morning Summary: It’s another Mixed Market Monday Morning, or simply a 4M kind of day as we move another week closer to fall. On the meteorological calendar, this is the last full week of summer, with autumn set to begin [...]
Morning Summary: Feel free to have the old Supertramp song, “It’s Raining Again” playing in the background as a look at Friday morning’s radar shows some rain falling across parts of the US Midwest while the 3-day precipitation outlook calls [...]
Morning Summary: Every morning when I run the traps of the markets, I always start with global currencies. As has been the case most of this week, the US dollar index is in the green meaning the euro is under [...]
Morning Summary: My last look at the grain and oilseed sector Tuesday evening showed me markets were in the green. Not by much, but green nonetheless. As I made my first morning cup of coffee Wednesday, my mind immediately clicked [...]
Morning Summary: Monday’s rainy day carried into early Tuesday morning, with the 24-hour precipitation accumulation map showing the type of color that tends to change trends in corn and soybeans. I know there is a great deal of debate over [...]
Morning Summary: The grain and oilseed complex again showed why I consider it a collection of weather derivatives as weekend weather patterns did more to change the flow of trade than last Friday’s USDA silliness. First, more rains than expected [...]
Morning Summary: I don’t know about you, but I’m already looking forward to Friday’s close. It has been a wild week for most markets and based on both the Wilhelmi Element[i] and the Goldilocks Principle[ii] the only price that should [...]
Morning Summary: Markets were much as we left them Wednesday afternoon, with only a couple exceptions. Gold was in the red, slightly, as the heat seems to have been turned down ever so slightly under the China/Taiwan/US situation. It’s possible [...]
Morning Summary: As Wednesday morning proves, no market is immune to the lethargy attached to the Dog Days of Summer. A quick check of the Three Kings of Commodities shows little overnight movement and even less trade volume. Leading the [...]
Morning Summary: I had to turn off the financial news this morning, it was getting far too depressing for even me. There’s the drama unfolding in Florida, a move that has some threatening another civil war here at home. This [...]
Morning Summary: Much was expected going into Sunday’s overnight session, but a look at markets pre-dawn Monday shows us a lot of sideways activity. The mood seemed to change as China extended its military drills around Taiwan, literally surrounding its [...]
Morning Summary: The commodity complex in general was under pressure early Friday morning, many giving back a small part of Thursday’s solid rally. Let’s start at the beginning, though, with the US dollar index gaining roughly a third of what [...]
Morning Summary: Is it just me, or does it already feel like August has been a long month? A check of markets early Thursday morning proves the old saying once again, though things have changed everything remains generally the same. [...]
Morning Summary: As I watched CNBC’s Worldwide Exchange program Wednesday morning, it showed US House Speaker Pelosi’s plane taking off from Taiwan. The speaker's next stop, reportedly, is South Korea. Meanwhile, China continues to rattle sabers as loudly as possible, [...]
Morning Summary: A quick check of the markets Tuesday morning shows me not much has changed from Monday afternoon. Commodities in general are lower, though this time around the US dollar index is showing a small gain. US stock index [...]
Morning Summary: The first day of the last month of summer is off to a generally bearish start for the commodity complex, though metals were able to rally overnight after starting lower. Gold jumps out at me as the more [...]
Morning Summary: It’s hard to believe this morning starts the last trading day for the month of July. It doesn’t seem that long ago the US was blowing up fireworks to celebrate Independence Day, fireworks imported from China ironically enough. [...]
Morning Summary: “Hello, how are you?...” Those of you of a certain age will remember this as the opening lyric to ELO’s classic Telephone Line from 1977. Me being me, this is the first thing I thought when as I [...]
Morning Summary: Wednesday looks to be another big day for markets in general with all eyes on the US Federal Reserve. The next interest rate hike is scheduled to be announced Wednesday afternoon, with the general consensus leaning toward a [...]
Morning Summary: There was no turnaround overnight through early Tuesday morning in a number of key markets, including the Three Kings of Commodities. Gold was showing another small loss, Crude Oil gained as much as $2.30 as it hit a [...]
Morning Summary: The first headline I saw early Saturday morning was of the Russian military shelling the Ukrainian port city of Odessa. Keep in mind this was just hours after the Ukraine-Russia-Turkey Grain Agreement had been signed, so soon it [...]
Morning Summary: Something I frequently mention is what I call the Goldilocks Principle. This tells us “Daily charts are too hot, monthly charts are too cold, but weekly charts are just right”. Those of you familiar with my analysis know [...]
Morning Summary: No, it’s not late December back in ’63, but rather late July 2022 and the commodity complex was under pressure once again. The energy complex was deep in the red with crude oil down about $5 per barrel [...]
Morning Summary: Checking the commodity complex traps early Wednesday morning show me it’s mostly more of the same as when we last talked Tuesday afternoon. The US dollar index was weaker again, posting a new 4-day low overnight of 106.39. [...]
Morning Summary: The seeds for the overnight selloff through early Tuesday morning were actually planted Monday afternoon. Recall from yesterday’s Afternoon Commentary when I talked about how markets couldn’t hold initial gains, with most markets finishing well off session highs [...]
Morning Summary: A quick check of the various market sectors early Monday morning shows a lot of green, with commodities in general higher and US stock index futures building on rallies seen by the indexes themselves last Friday. The big [...]
Morning Summary: We’ve reached the midpoint of meteorological summer, basically, and market bulls in nearly every sector of the markets might have thought they were dreaming given all the green seen on quote screens. In fact, it could turn out [...]
Morning Summary: When I last checked on the commodity complex Wednesday night, most markets were showing gains. However, things changed as the night wore on and talk of the US Federal Reserve making a 100-basis point hike to the Fed [...]
Morning Summary: I certainly don’t want to get on the wrong side of PETA this morning, but an old market saying came to me as I checked in on the commodity complex Wednesday morning: A dead cat bounce[i]. Starting with [...]
Morning Summary: A quick check of the traps this morning yielded no surprises, starting with the US dollar index continuing to show strength. The greenback followed Monday’s move to a high of 108.26 by extending the long-term rally to 108.56 [...]
Morning Summary: Usually, I spend the weekend catching up on my reading regarding markets, particularly when traveling. This past weekend found us on the road to Kansas City giving me ample time to scroll through some of what was said [...]
Morning Summary: Most morning’s there is a headline that jumps out at me, often providing direction to what I write about in this Commentary. Unfortunately, Friday morning’s headline was of the assassination of former Japanese Prime Minister Shinzo Abe as [...]
Morning Summary: The first headline I saw Thursday morning was from the BBC talking about UK Prime Minister Boris Johnson announcing he was set to resign as Conservative Party leader but would continue as Prime Minister until the next leader [...]
Morning Summary: A quick check of the markets early this morning shows us the fireworks may finally be over, at least for now. While the US dollar index is still strong, it only added another 0.23 overnight as it held [...]
Morning Summary: Coming out of the US 3-day holiday weekend, markets may look similar to what we saw heading into the break last Friday. At least in the grain and oilseed sector given the generally wet past 72-hours. Additionally, a [...]
Morning Summary: Welcome to the first day of a new month! Yes, it is hard to believe June is already behind us as we take our first steps into what is usually the key month of July, at least for [...]
Morning Summary: I’ve made up a music playlist to help us get through today, Thursday, June 30. Let’s begin with the classic “Just My Imagination (Running Away with Me)” by the Temptations. There’s a lot that is going to happen [...]
Morning Summary: There is a storm brewing, has been all week. As we sit on the deck looking out at the horizon pre-dawn Wednesday morning we know it is out there, drawing closer by the second. What storm am I [...]
Morning Summary: It is early Tuesday morning, putting us one step closer to the end of the month and end of the quarter for the financial sector. It also puts in sight of the next US 3-day holiday weekend. While [...]
Morning Summary: If Sunday night through Monday morning is any indication, markets are going to live up to the expectation of this being a wild week. After starting the week under pressure, the energy sector was mixed (literally, see second [...]
Morning Summary: For those still bullish the grain and oilseed sector, I hate to be the wet blanket Friday morning, but I don’t have a lot of faith in the tentative overnight rally. A look at the 3-day precipitation forecast [...]
Morning Summary: The commodity sector was red, generally across the board, with some of the largest selloffs seen in the grain and oilseed complex. I’ll get to the specific markets shortly, but in summary the breakdown occurred on heavy trade [...]
Morning Summary: After running the traps first thing Wednesday morning I sat back in my chair, thought for a moment, and the first thing that came to mind was, “This is what you’d expect for a Tuesday.” This was of [...]
Morning Summary: As we get ready to head into a US 3-day holiday weekend[i], Friday’s focus will likely be on weather (grain and oilseed sector) and all the latest headlines (energy sector). As for the former, it is supposed to [...]
Morning Summary: For now, I’m going to call the explosive late rally by US stock indexes Wednesday as a flight of fancy. Did the DJIA really need to jump more than 500 points the last half-hour of the session, bringing [...]
Morning Summary: It’s interesting how days are lining up to be one just like the other, and it isn’t even the Dog Days of Summer yet. A look at early morning markets shows us similar results to Tuesday, with one [...]
Morning Summary: Well, markets made it through another Monday, and yes, it was as ugly as many had feared. Following the close, the main talking point was the S&P 500 closing in bearish territory meaning more than 20% below its [...]
Morning Summary: All the talk on financial television Monday morning is of a potential market meltdown, led by continued heavy selling overnight in US stock index futures. As of this writing S&P 500 futures are off 2.2%, DJIA futures are [...]
Morning Summary: Yes, it’s another day of waiting to get the latest round of USDA nonsense out of the way so we can get back to trading real fundamentals in the grain and oilseed complex. What am I looking for [...]
Morning Summary: Recall 24 hours ago how nearly every market in the commodity complex was wearing green, almost as if celebrating another St. Patrick’s Day. A look at the quote screen early Thursday morning shows almost the exact opposite, with [...]
Morning Summary: A look across the market meadow this early summer morn shows us a lot of green, so much so one would be excused for thinking the commodity complex in general was set to celebrate another St. Patrick’s Day. [...]
Morning Summary: Part of analyzing markets is studying patterns. Back in the day when I used to be part of a “University” program that ran just prior to the company’s annual conference, one of the discussions I held was about [...]
Morning Summary: We made it through the first weekend of meteorological summer, and as the past 72-hour precipitation accumulation map shows there was ample rain over the US Plains and Upper Midwest. Normally this would have the grain and oilseed [...]
Morning Summary: The early conversation on CNBC’s Squawk on the Street program Friday morning was of how individual stocks are seeing double-digit percentage changes from day to day. Both hosts, Becky Quick and Brian Sullivan, agreed this is not normal [...]
Morning Summary: Maybe we should call this “Turnaround Thursday”. No, that’s a bad idea. Time for another cup of coffee. I’ll be right back. (A slight pause while Paul McCartney’s song “Another Day” plays in the background.) Okay, now I’m [...]
Morning Summary: Welcome to the first day of summer! The first day of meteorological summer, that is, and given the large percentage of markets in the commodity complex that I consider weather derivatives it means things should get even more [...]
Morning Summary: Early markets are interesting Tuesday morning starting with reversals in both the US dollar index and US stock index futures. If you recall from Monday evening’s Quick Takes, the US dollar index was under light pressure. Since then, [...]
Morning Summary: There is a chance we get through Friday with most markets staying relatively quiet. After all, many made big moves Thursday, activity worthy of taking us into the US 3-day holiday weekend. But because of the scheduling we [...]
Morning Summary: Was I surprised to see another selloff in the grain and oilseed complex early Thursday morning? Not entirely, no. While continued pressure might not fit with fundamentals, it is in line with the technical picture generally across the [...]
(My apologies for Morning Commentary being a bit late Wednesday morning. As news continues to emerge from Tuesday’s shooting in southwest Texas, it gets more difficult to write about markets.) Morning Summary: One day after breaking out the well-worn “Turnaround [...]
Morning Summary: My late friend and long-time CBOT floor reporter Gary Wilhelmi used to scoff at the idea of Turnaround Tuesday. And as illogical as it seems, the tendency is even clearer with Watson[i] firmly in control of the various market [...]
Morning Summary: Another week is off and running, and if it is anything like last week we need to make sure we are firmly strapped in the saddle. Overnight through early Monday morning shows the US dollar index under pressure, [...]
Morning Summary: Recall from this past Monday’s Afternoon Commentary, “A Week in a Day”, when I talked about how the markets could just stayed closed for the rest of the week. They didn’t, and as it turned out, most markets [...]
Morning Summary: A quick glance at the grain and oilseed sector early Thursday morning, with markets burning bright red, told me global equity markets must be under pressure again. Sure enough, futures for all three US stock indexes are posting [...]
Morning Summary: The commodity complex was mixed early Wednesday with most markets not showing a lot of overnight enthusiasm. Keep in mind it is Wednesday, meaning the noncommercial side tends to get more active as a new week begins before [...]
Morning Summary: As the grain and oilseed sector looks ahead at extended weather forecasts, the question continues to build if rains across parts of the US Plains and Midwest could now be viewed as bearish? Additionally, the sector in general [...]
Morning Summary: As you’ve likely seen by now, or stayed up to watch Sunday night, a total lunar eclipse occurred creating what was called a “super flower blood moon”. That sounds ominous, doesn’t it? It’s no wonder the grain and [...]
Morning Summary: Yes, it’s Friday the 13th and depending on one’s level of superstition there is either nothing to dread or a day for hiding under the covers until midnight. Folks that fall into the latter camp likely avoid black [...]
Morning Summary: There’s something about Thursday morning’s markets that make me think of the opening line from The Eagles’ great song "Tequila Sunrise". Maybe it’s because the commodity complex in general is in the red, though that also brings to [...]
Morning Summary: Possibly the most important question facing us Wednesday morning is what to have for breakfast. Markets? A quick running of the traps shows nothing to get overly excited about, with the day setting up to be a fine [...]
Morning Summary: I know the idea of “Turnaround Tuesday” is cliché, and the overuse of the phrase makes it nearly as annoying as “a Perfect Storm”. But yet there is a tendency to see markets reverse course from Monday overnight [...]
Morning Summary: If the color red makes you feel nauseated, then Monday might be a good day to find something else to do and leave the quote screen turned off. After all, parts of the US Plains and Midwest are [...]
Morning Summary: I had to laugh Thursday afternoon. The dust hadn’t even settled on the big selloff in US stock markets and CNBC was promoting that night’s program “Special Edition: Markets in Turmoil”. Yes, when all was said and done [...]
Morning Summary: As I mentioned in Wednesday’s Afternoon Commentary, markets in general shrugged off the announced US interest rate hike of 50-basis points. To its credit, the US Federal Open Market Committee has not played a guessing game with its [...]
Morning Summary: I can’t help but be reminded of war movies I've seen when those going through boot camp were taken out on a training hike, not knowing for how long or how far. That’s the feeling as we head [...]
