Commodity Trading Advisors (CTAs) have been performing
fairly well as a whole thus far in 2019 with Autumn Gold CTA
index (non-investable) reporting 5.79% YTD. The Barclay
CTA Index is up about 7.61 percent as of August. Both indices are comprised
of about 400 - 500 CTAs of various strategies and markets traded. This is
slightly better than their Hedge
Fund Index of...
All eyes are on the August 12th USDA crop report
for corn futures. The question is how much the USDA will cut the estimated
production for the 2019-2020 crop year. Analyst estimates are averaging about
13.19 billion bushels. Where the number comes in will likely determine the
direction of the market for the near future, which is no surprise to traders....
The markets
have been bouncing around in a consolidation range and have been flighty to say
the least for most of August. Much of the volatility and quick reversals are
centered on trade issues between the US and China, Japan, France, Germany,
Mexico and Canada. President Trump is trying to get numerous deals done, which
should be an overall positive for the...
Crude oil has been through a whole lot of drama in the last
two weeks only to get back to where prices previously stood. The Saudi Arabia
bombings caused a huge price shock to the markets. Events like this will
typically either have long-term price ramifications for oil or they become
another overreaction in the markets that quickly bring prices back...
The practice of selling rallies in bear markets may be old,
but it never gets tiring. I am sticking with that strategy until there is a
measurable change in the outlook for natural gas.
The EIA inventory numbers were released this morning and
showed a build of 98 billion cubic feet for the week ending October...
