Despite Pledge of Infinite QE from Fed, Commodities Under-Performing over Past Week
The table below shows the one-week relative performance of global macro assets. This is an important table to think about given the material announcement from the Fed last week that it will be doing open-ended QE for the forseeable future….
Downside in Grains Set to Accelerate?
As you know, we’ve been reasonably bearish on this group dating back to July, with most of that focus being on corn, as these posts here and here highlight for background. In fact, on August 10, when corn was 7% higher,…...