Dow Trend Earnings (aka Fed model) is up-to-date

Baltic Exchange is up-to-date

Capesize etc. is up-to-date

Trump voters will not like what happens next


..millions of people will take up leaf-raking and garage cleaning with intense pleasure. I'll be one  of them - back whenever..

 

An American Tragedy

David Remnick (The New Yorker)

(USDA) Indian centrifugal sugar production in marketing year (MY) 2016/17 (out-year) is revised down by six percent to 23.9 million metric tons (MMT). Despite higher sugar production in Uttar Pradesh, lower than anticipated sugar production from Maharashtra and Karnataka will further push overall production levels below last year. Assuming normal sugarcane yields and a net decline in planted area, overall sugarcane production during the out-year is now revised lower to 324 MMT from 4.57 million hectares. Commercial trade will be minimal.

California Dreamin: If memory serves, the sugar move in the early seventies went from some 2 cents to some 66 cents. (I believe I know the guy that bought that all-time high tick).

Translating this to “now”, per the bureau of labor statistics inflation calculator, 2 cents in 1973 equals $11 cents now.
And 66 cents in 1973 are equal to $3.63 now.

Therefore, I’m now looking for a sugar move to $3.63. The Presidential debate is over, time for another whisky -
$ 3.63 HA

All you heavy Orange Juice drinkers may want to stock up - in case it makes "all time" new highs..

Charts are up-to-date