Month

Here's What NatGas Bulls Are Betting On In The Next Month

Weather models continue to suggest warmer than average temperatures this month across much of the US from the South to the Northeast. Warmer trends could continue next month, pressuring natural gas prices as demand crumbles. However, natgas bulls are closely watching the Polar Vortex and Madden Julian Oscillation for any shifts.  Kirk Hinz, meteorologist in charge at US-based BAMWX,…

Food Price Inflation Accelerates For Seventh Consecutive Month

By Tyler Durden Is it time to worry about food inflation? The Food and Agriculture Organization’s Food Price Index rose for a seventh consecutive month in December, led by dairy products and vegetable oils. The FAO Food Price Index averaged 107.5 points last month versus 105.2 points in November. The benchmark, which tracks global food…

Food Price Inflation Accelerates For Seventh Consecutive Month

Is it time to worry about food inflation? The Food and Agriculture Organization’s Food Price Index rose for a seventh consecutive month in December, led by dairy products and vegetable oils.  The FAO Food Price Index averaged 107.5 points last month versus 105.2 points in November.  The benchmark, which tracks global food prices of cereals,…

Goldman Expects Dems To Pass New $750BN Stimulus Next Month, Sending Economy Into Overdrive

Now that a “blue sweep” of Congress is reality, Wall Street has thrown out their existing market and economic forecasts and gone back to the drawing board to account for billions more in imminent stimulus. Not surprisingly, the first to publish a new and improved projection deck was Goldman which overnight said it had revised…

Restaurants Slashed Jobs Last Month

By Jonathan Maze of Restaurant Business The restaurant industry lost 17,400 jobs in November, according to new data from the U.S. Department of Labor released on Friday. It was the first monthly decline in the number of restaurant workers since April, suggesting that a renewed virus and state shutdowns of dine-in service are taking their…

Euro Surges To 18 Month High Amid Speculation ECB Is “Out Of Policy Tools”

While many have focused on the ongoing collapse of the dollar, a big reason for the persistent weakness in the greenback, which is now below the Nov 9 “Pfizer vaccine” level… … is the grind higher in the EURUSD which this morning hit 1.2168, the highest since April 2019, and a level well above the…

“A Recordbreaking Month”: These Were The Best And Worst Performing Assets In November And YTD

With stocks posting record returns in virtually all global markets, it will come as no surprise that according to Deutsche Bank’s Henry Allen, November was a great month for financial markets as 34 out of the 38 non-currency assets in the bank’s sample rose, which also means that 27 of them are now up on…

Central Banks To Add Liquidity Worth 0.66% Of Global GDP On Average Every Month In 2021

Earlier we discussed why Morgan Stanley’s chief equity strategist Michael Wilson voiced concerns about the continuation of the “overcooked” equity rally, expecting a drawdown into year end for the simple reason that “both fiscal and now monetary policy have become reactive rather than proactive. For markets, that becomes the itch that needs to be scratched–i.e….

Foreign Central Banks Buy TSYs For 2nd Month, China Holdings Near 4-Year Lows

Some relatively positive news in the latest TIC data shows that the last 12 months purchases of Treasuries by foreign central banks surged by $59 billion to $221.6 billion – its highest since Jan 2019… Under the hood, foreigners Total Long-Term Treasury Purchases: $22.5BN, sharp reversal from $33BN in sales in August Purchases of Agencies…

Congress to Cast Vote Next Month That Will Legalize Cannabis Nationwide, Expunge Arrests

By Matt Agorist On November 3, 2020, history was made in the American war on drugs. Drugs won. Oregon moved to decriminalize all drugs, even hard ones like meth and heroin as five other states moved to legalize cannabis in some form. Fast forward to this week and a top leader in the US House…