Category: Markets

  • Warrington August 2021 Market Update

    | | Markets

    Commentary provided by Mark Adams of Warrington Asset Management The S&P 500 Index (“S&P”) continued its relentless advance throughout August in the face of ongoing global crosscurrents.  The exponential spread of the Delta variant of Covid, the resurgence of Taliban control in Afghanistan, and the underreported troubles of China’s largest real estate developer (Evergrande), all provided a “wall of worry” for U.S. stock indices to climb.  As with all recent market-impacting events, the only material decline was a mid-month drop which was quickly bought, returning the S&P to new all-time highs.  While the index paints a picture that “all is well”, … Read more Warrington August 2021 Market Update
  • August 2021 Flash Report

    | | Markets

    Equity markets continue to trend higher with yet another consecutive month of positive returns. Inflation fears seem to have subsided and the Fed is looking at tapering bond purchases which the market has already expressed.   We seem to be at a crossroads as the global economy determines which direction we go. What will impact and stimulate growth?  Will G7 countries work together and how will the COVID variant(s) play out for the rest of the year.  It seems there is more uncertainty across a broad range of topics. It should make for an exciting remainder of 2021. The IASG … Read more August 2021 Flash Report
  • August 2021 Market Letter

    | | Markets

    Commentary provided by Chad Burlet of Third Street AG Investments Released: August 31st, 2021 In comparison to the three highly volatile months which preceded it, the price action in August was rather pedestrian. Corn, wheat and soybean futures all had monthly trading ranges below 12% and their net price changes for the month were 0 – 4%. Risks and uncertainties abound, but for the past month they have been offsetting. Hurricane Ida struck the Mississippi River export elevators on Sunday causing damage to some and cutting power to many. There will be short term dislocations and both shippers and receivers will incur … Read more August 2021 Market Letter
  • Warrington July 2021 Market Update

    | | Markets

    Commentary provided by Mark Adams of Warrington Asset Management The net return of the S&P 500 Index (“S&P”) for July once again masked a series of domestic and global undercurrents that had the potential to negatively impact the world economy. In the end, none of those contributors had the ability to derail the ongoing rally in U.S. equities, other than to cause a few percentage points of temporary discomfort.  The biggest decline (approximately 4%) occurred in the middle of the month as fears of the spread of the Delta variant of the coronavirus stoked concern that lockdowns and other mitigation … Read more Warrington July 2021 Market Update
  • Gamma Q July 2021 Market Update

    | | Markets

    Commentary provided by Todd Delay of Gamma Q Further consolidation occurred in July with range bound trading for corn and soybeans. Wheat was the leader with deteriorating conditions across many areas, particularly the Northern Plains supporting price. The July WASDE report reduced wheat stocks by nearly 100 million bushels and we feel further reductions need to be made. Our long bias to wheat drove returns for the month. As was touched upon in our last newsletter, the middle of the growing season in North America witnessed a continuation of two distinct weather conditions for the corn belt, East and West, … Read more Gamma Q July 2021 Market Update