4 Trades You Need To Know For Current Market Turmoil
Markets have been making it very clear that all is not well in the global economy. What does this mean for your portfolio, and how should you position yourself?
Lumber: What Goes Up Must Come Down
US lumber prices are down ~50% from their highs. Even though this drop comes after a sixfold rally, it does hint strongly at some kind of underlying change.
Has Dr Copper Made A Move?
Having soared to new highs after global shutdowns and reopenings, copper prices have started to cool off. Does this tell us anything useful about the future?
The COVID Commodity Supercycle Part 3
What if demand is due to businesses confidently investing in future capacity? Is this enough to drive a new supercycle? If not, what could possibly do so?
The COVID Commodity Supercycle Part 2
The same productive capacity that was built to meet elevated levels of demand also sows the seeds of the supercycle’s end. Is this what happened with Covid?
The COVID Commodity Supercycle Part 1
Talk of a commodity supercycle has risen to a fever pitch. This is based on higher prices across a broad range of commodities. But what is a supercycle?
Does QE Drive Commodity Prices Up? The Demand Perspective
What about demand? The narrative runs along the lines of, “lower USD boosts demand by lowering the price of a commodity in other currencies”. How true is this?
Does QE Drive Commodity Prices Up? The Supply Perspective
QE is blamed for causing higher commodity prices by debasing the USD. But a weaker USD on its own does not lead to higher commodity prices; quite the opposite!
Does QE Drive Food Prices Up? A Simple Explanation
Does QE lead to rising food prices? A chart of food prices vs bank reserves would suggest that it does. But remember that correlation is not causation!
The Rally In Lumber & Inequality Part 2
What do lumber prices tell us about inequality, the labor market, and future economic consequences? Could they hint at future social and political upheaval?
