Couple of charts
to peruse..
NYSE Advance decline line
NASDAQ Advance decline line
NYSE Volume advance decline line
Spend twenty minutes per week browsing Investment Tools and you will be better informed than most financial experts!
BTW: I have listened to Steve Freed of ADM and his grain comments for well over 30 years - and found it well worth my time. (Also: this comment is totally unsolicited - he does not even know I'm making it)
Notes Today:
Murmurs of inflation are ongoing. However,
Notes Today:
Notes Today:
President Biden is supposedly on pace to save the U.S. $124m this year by just not golfing.
Fox has canceled “Lou Dobbs Tonight” one day after the host was named in a multibillion dollar defamation lawsuit against the network and its parent company.👍😂
USDA: Global orange production for 2020/21 is forecast to rise 3.6 million metric tons (tons) from the previous year to 49.4 million as favorable weather leads to larger crops in Brazil and Mexico, offsetting declines in Turkey and the United States. Consequently, consumption, fruit for processing, and fresh exports are also forecast higher.
The ICE and cotton:
Effective with the start of trading for trade date Friday, January 29, 2021, the Daily Price Limit for all Cotton No. 2 futures contract delivery months will revert to 3 cents per pound (300 points) above and below the prior day Settlement Price for the respective delivery month.
Effective with the start of trading for Monday, February 1, 2021, the Daily Price Limit for all Cotton No. 2 futures contract delivery months per pound (400 points) above and below the prior day Settlement Price for the respective delivery month.
Notes Today:
Notes Today:
The IHS Markit Manufacturing PMI for the US
jumped to 59.1 in January of 2021 from 58.3 in December and well above market
forecasts of 56.5.
Sales of previously owned houses in the US rose 0.7% MoM to
6.76 million units in December of 2020, beating market forecasts of 6.55
million. The median existing-home price was $309,800, up 12.9% YoY
Notes Today:
The Port of Long Beach reported its busiest year in 2020. IT moved a record 8.1 million TEUs in 2020 despite facing headwinds from the COVID-19 pandemic and the ongoing trade war with China.
FT: The cost of shipping goods from China to Europe has more
than tripled in the past eight weeks as a shortage of empty containers stemming
from Covid-19 disrupts global trade
The China Containerized Freight Index continues higher
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