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Materials-related stocks took a hit this week following the US Federal Reserve's latest policy update accelerating its interest hike forecast and upgrading inflation expectations.In the past 5 day trading session, iShares U.S. Basic Materials ETF (IYM) and Materials Select Sector SPDR ETF (XL...
The US Fed acknowledged that financial conditions and inflation expectations had rebounded faster than they had predicted, and they now expect to increase their presently near-nil policy rates twice in 2023. Against the commodity-centric loonie, the greenback bounced off the $1.20 dow...
Murilo Gualda /iStock via Getty Images Agriculture related stocks join other commodities in falling sharply in the wake of the Federal Reserve's higher interest rate outlook. Sugar (SB1:COM) and coffee (KC1:COM) futures slide to three-week lows, and other crop futures from soybeans to corn al...
The US PPI, with updated estimates for May 2021 released by the BLS today, may have already peaked. Europe’s further lackluster HICP for April was confirmed on May 19, representing the most recent top in German bunds. Small wonder bond yields globally have ignored one huge ...
The onset of the pandemic triggered widespread business closures - and lumber mills were not spared. While the lumber price surge has meant higher costs for the end consumer, it’s been a boon for the other end of the supply chain. If housing and construction demand should s...
Like a lot of parts of the global economy, housing/wood/material each saw a drop in both supply and demand given last year’s recession. Once beyond the commodity-induced price effects, it becomes clear the economy is settling back into the same disinflationary circumstances or ...
iShares Global Timber & Forestry ETF (WOOD) - $0.8630.30-Day SEC Yield of 1.34% as of May 28.Payable Jun 16; for shareholders of record Jun 11; ex-div Jun 10. For further details see: iShares Global Timber & Forestry ETF declares semi-annual distribution of $0.8630
PaulGrecaud/iStock via Getty Images Weyerhaeuser (WY) CEO Devin Stockfish believes the home-building and renovation boom could keep wood demand strong for another decade. But Stockfish says the recent price frenzy - which elevated wood prices above $1,000 per 1,000 board ft. for the firs...
July lumber futures (LB1:COM) reportedly have fallen by the exchange maximum $42, or -3.1%, to $1,284.20 per 1,000 board feet on the Chicago Mercantile Exchange, extending last week's first weekly loss in benchmark lumber prices since January.Citing trade journal Random Lengths, CIBC analyst ...
Economists are already debating whether, or to what degree, stimulus spending is fueling inflation, with consumer prices rising by a whopping 4.2% in April. Prices of lumber, steel and semiconductors are also at record highs, given historically low inventories and surging demand. Port congest...
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2024-04-25 16:34:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-03-16 18:04:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-01-23 08:08:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...