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Tue, May 7th, 2024

Rich Asplund

Rich Asplund

Richard is an investment analyst covering the global financial, equity, commodity, and clean energy markets.  Richard is the author of Profiting from Clean Energy: A Complete Guide to Trading Green in the Solar, Wind, Ethanol, Fuel Cell, Carbon Credit Industries, and more (Wiley, 2008) and is the contributing author of The CRB Commodity Yearbook (Wiley, 2003 through 2021) and The CRB Encyclopedia of Commodity and Financial Prices (Wiley, 2006, 2009).  Richard has been interviewed on CNBC, Fox, Bloomberg TV, Japanese NHK TV, and National Public Radio, and has been quoted in print publications such as Dow Jones, Reuters, USA Today, Newsweek and others.

Most Recent Stories

Stocks See Support as Bond Yields Fall and Earnings Impress

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed up +0.13%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.08%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.01%. US stock indexes...

$SPX : 5,187.70 (+0.13%)
SPY : 517.14 (+0.11%)
$DOWI : 38,884.26 (+0.08%)
DIA : 388.74 (+0.07%)
$IUXX : 18,091.45 (-0.01%)
QQQ : 440.32 (+0.02%)
ZNM24 : 109-020 (+0.04%)
FMC : 66.75 (+9.46%)
GFS : 53.26 (+7.10%)
IFF : 94.33 (+6.40%)
FIS : 74.31 (+5.48%)
KVUE : 20.08 (+6.36%)
Dollar Climbs on Hawkish Fed Comments and a Weak Yen

The dollar index (DXY00 ) Tuesday rose by +0.31%. Hawkish comments Tuesday from Minneapolis Fed President Kashkari supported the dollar when he said it's likely the Fed will keep interest rates where...

DXY00 : 105.412s (+0.34%)
^EURUSD : 1.07508 (-0.04%)
^USDJPY : 154.755 (+0.04%)
GCM24 : 2,323.3 (-0.04%)
SIN24 : 27.480 (-0.23%)
Crude Prices Fall Slightly on Dollar Strength

June WTI crude oil (CLM24 ) on Tuesday closed down -0.10 (-0.13%), and June RBOB gasoline (RBM24 ) closed down -4.48 (-1.73%). Crude oil and gasoline prices on Tuesday fell to 8-week lows and settled moderately...

CLM24 : 78.35 (-0.04%)
RBM24 : 2.5380 (-0.21%)
DXY00 : 105.412s (+0.34%)
Nat-Gas Prices Supported by Reduced US Nat-Gas Output

June Nymex natural gas (NGM24 ) on Tuesday closed up by +0.012 (+0.55%). June nat-gas prices on Tuesday posted modest gains as they consolidated below Monday's 3-1/2 month nearest-futures high. Gas prices...

NGM24 : 2.220 (+0.59%)
Sugar Prices Supported by Expectations of Smaller Global Supplies

July NY world sugar #11 (SBN24 ) on Tuesday closed up +0.47 (+2.41%), and Aug London ICE white sugar #5 (SWQ24 ) closed up +13.70 (+2.40%). Sugar prices rallied Tuesday to 3-week highs. Sugar has carryover...

SBN24 : 19.95s (+2.41%)
SWQ24 : 585.70s (+2.40%)
Cocoa Closes Sharply Higher as Prices Recover Some of Last Week's Plunge

July ICE NY cocoa (CCN24 ) on Tuesday closed up +1,022 (+13.47%), and July ICE London cocoa #7 (CAN24 ) closed up +579 (+8.41%). Cocoa prices rallied sharply on Tuesday as they recovered from some of last...

CCN24 : 8,610s (+13.47%)
CAU24 : 6,968s (+8.82%)
Arabica Coffee Rebounds on Prospects of Limited Rain in Brazil

July arabica coffee (KCN24 ) on Tuesday closed up +1.45 (+0.74%), and July ICE robusta coffee (RMN24 ) closed down -163 (-4.60%). Coffee prices on Tuesday settled mixed, with robusta falling to a 6-week...

KCN24 : 196.65s (+0.74%)
RMN24 : 3,378s (-4.60%)
Sugar Rallies on the Prospects of Smaller Global Supplies

July NY world sugar #11 (SBN24 ) this morning is up +0.43 (+2.21%), and Aug London ICE white sugar #5 (SWQ24 ) is up +11.00 (+1.92%). Sugar prices today are moderately higher, with London sugar posting...

SBN24 : 19.95s (+2.41%)
SWQ24 : 585.70s (+2.40%)
Cocoa Prices Jump Sharply in Volatile Trade

July ICE NY cocoa (CCN24 ) this morning is up +1,025 (+13.51%), and July ICE London cocoa #7 (CAN24 ) is up +583 (+8.47%). Cocoa prices this morning are sharply higher as they recover some of the large...

CCN24 : 8,610s (+13.47%)
CAU24 : 6,968s (+8.82%)
Coffee Prices Under Pressure on Improved Supply Prospects

July arabica coffee (KCN24 ) this morning is down -0.10 (-0.05%), and July ICE robusta coffee (RMN24 ) is down -193 (-5.45%). Coffee prices this morning are weaker, with arabica posting a 5-week low and...

KCN24 : 196.65s (+0.74%)
RMN24 : 3,378s (-4.60%)

Author Links

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S&P 500 Presidential Election 3-Month Seasonality 🚨 The S&P 500 $SPX has generated average returns of 7.27% during June-August of Presidential Election years with data going back to 1928 https://t.co/OAIumvd829 https://t.co/RIoN1Xsp2D
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Tesla Insider Trading Alert 🚨 Tesla Chair Robyn Denholm sold $17.3 million worth of $TSLA shares on Monday and has now sold more than $50 million worth so far this year https://t.co/kU6JVDHeML https://t.co/BNCkeof73B
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Stanley Druckenmiller cuts his Nvidia $NVDA position and says "we've had a hell of a run." He also cautions that AI might be getting overhyped. 👀 https://t.co/pTtHGO0azg
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S&P 500 $SPX on a 4 day winning streak, is up almost 4% since April 19th, yet the Fear & Greed Index declined today. Wut? https://t.co/LcV8OCMwnz
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Upstart $UPST upended in after-hours trading - ouch!! 🚨 https://t.co/p8QIVxZ7fw
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Welp, that's a wrap folks 🫡🤦‍♂️ https://t.co/wmAZAm4xJF
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Starbucks $SBUX closing in on 4-year lows https://t.co/hkPJpCNe5K
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Walt Disney $DIS getting absolutely rocked today. Potential gap filling coming? https://t.co/rlL04KQrMa
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Growth of $1,000 by Global Equity Market over 5 years https://t.co/CG4ud1Uuvw
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