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Sep 29 2014

Agricultural prices are likely to rise over the coming days

Market Recap:

Stocks were volatile in the last full week of September, logging about a 1% loss of the week and the month. Concerns over timing of the Fed’s first interest rate hike coupled with more saber rattling from Russia, who threated to commandeer some European assets in retaliation for sanctions, caused nervousness. The final revision of second quarter GDP showed the U.S. economy growing at a robust 4.6%, renewing inflation concerns. On Friday all sectors of the S&P were higher, as was the dollar index.

Looking Ahead:

Agricultural prices are likely to rise over the coming days as early crop reports, which started being released early Monday morning, show a smaller harvest than expected. In additional to raising concerns over inflationary pressures, market participants will likely try to discern how this may impact the timing of the first Federal Reserve Interest Rate hike. As we wrote last week and then subsequently published in Forbes (read the article here: http://www.forbes.com/sites/investor/2014/09/26/market-worry-checklist-inconsequential-versus-real-and-what-to-do-about-it/ ) – the timing of the rate hike is not nearly as important as the size and scope of the first and subsequent hikes.

Make sure to tune into Money Matters with Gary Goldberg this Saturday at 2:00 PM and Sunday at 11:00 AM on WOR 710 AM Radio to hear our latest economic analysis, interviews with some of today’s most respected business leaders, as well as our ongoing market commentary. Visit our website www.ggfs.com for details.