Category: Flash Report

  • July 2021 Flash Report

    | | Flash Report

    Covid is back in the spotlight driving markets with the new variant spreading rapidly throughout the world. Those not vaccinated are falling victim to this fast spreading thread of the disease. Markets were mostly unaffected as people wait to see the impact on global markets. Responses have been quite varied by country and it appears, at least in the United States, that most businesses and schools will look to resume at full capacity in the coming weeks. U.S. Indexes remained strong in July posting yet another positive monthly return. Standouts in commodities were primarily in Coffee and Sugar as severe … Read more July 2021 Flash Report
  • June 2021 Flash Report

    | | Flash Report

    Inflation remained the hot topic in June as overall CTA performance cooled for the month. Other market themes were driven by the FED and its decision to taper. Equity markets were for the most part calm in June with the VIX closing lower for the fourth straight month (see chart below).   The broader CTA space saw most longer term trends break in June predominantly in government bond futures and USD. The IASG Trend Index was -1.79% while the Agriculture Index +0.61% and Equity Index +0.86% led the way for June.    Call me a Pessimist All investors know the … Read more June 2021 Flash Report
  • May 2021 Flash Report

    | | Flash Report

    Equity market volatility surfaced again, led primarily by the tech sector with several themes continuing to work its way through this market. Is the market rally stalling out or getting set to move higher? Many of the trends observed over the last few months have continued throughout May with exposure to a variety of commodities (long) and currencies (long). The topic of inflation continues to persist as the Fed seems likely to hold rates until unemployment comes down to pre-pandemic levels while inflation will be allowed to exceed a rise above the 2% target. Inflation seems less of a concern … Read more May 2021 Flash Report
  • April 2021 Flash Report

    | | Flash Report

    The US continues to push toward the other side of the pandemic with over half of eligible Americans already vaccinated (or at least with one shot). The rest of the world seems to be lagging (in some cases) seriously behind as lockdowns still exist and COVID cases in India are increasing dramatically. Overall the US is carrying equity indexes to new highs in April. Employment has continued to improve and commodities prices have in some cases hit levels not seen in decades. Will the Fed take a different approach to softening its stance on rates? It appears that in the … Read more April 2021 Flash Report
  • March 2021 Flash Report

    | | Flash Report, Futures

    March was another positive move for equity markets with indexes showing solid returns. CTAs held their own with overall a positive month across many of the strategies we track.  Some of the trends outside of equities saw choppiness in grain and agriculture markets and trends emerged in short bonds. The USD showed strength from its end of February low versus other major currencies. Equity markets remain at all time high levels as volatility in the indexes has dropped significantly below 20 for the first time in over a year. Most indexes were positive with the Stock Index Trader Index leading for … Read more March 2021 Flash Report