04/11/2025 Great America

On the Grains
Growing up in the Midwest, summer trips sometimes were to Great America outside Chicago to ride rollercoasters. I didn’t like the upside-down rides then, so I thought I would be a commodity broker and feed cattle. That makes perfect sense. What we have going on in the marketplace is one step scarier than those rides because I can at least look at them and decide if I want to get on or not, this time around, it doesn’t matter if I want to get on or not, you are going to do it. These equity markets are similar to getting on the ride and having the operator leave you on while they grab a bite to eat and nap. While metals did drop dramatically after the tariff announcement, they seem to be recovering nicely, with gold making new highs and silver slowly coming along, at least the metal market is starting to make sense even if the DOW/NASDAQ/S&P are still trying to figure out how to manage these times.