Despite the rhetoric that has been bantered about by Vladimir Putin this week, it would appear that markets have grown comfortable, for lack of a better word in this situation, that a significant escalation in the war in Ukraine is not imminent. Granted, it would be foolhardy to make assumptions…
Market Commentary
Daily Comments
Anyone who may have been counting on a solid weekly export sales report to help reinforce that strength we have seen this week has been sorely disappointed. The figures for all three major crops came through below even the lowest estimates. In reality, had there not been reductions, the figures…
Daily Comments
When an egocentric autocrat is belittled and backed into a corner, the odds of them doing something outlandish increase dramatically, which appears to be what markets fear at this moment. After delaying his speech for a day, Vladimir Putin decreed this morning that the Russian armed forces will immediately call…