In 2014 Freeport-McMoran Copper & Gold Inc. changed its name to Freeport-McMoran Inc. (FCX). FCX is into copper, gold, molybdenum, cobalt hydroxide, silver as well as and oil and natural gas.
I have seen several articles talking about how FCX has been in sync with oil, but when I look at copper it seems that it is still the best link. The Copper ETN (JJC) started trading in November 2007. Below is a chart showing the weekly data of JJC overlayed with the weekly data of FCX. Continue reading
Caterpillar(CAT) cut its first quarter revenue and earnings guidance but held to the full year guidance. I should add, at least for now. I look at CAT in the brief video below.
As you can see in the chart below, CAT dropped from a closing high of 111.40 in July 2014 to a closing low of 57.91 in January this year. That’s nearly a 50% drop. Continue reading
That is the title of a very interesting video produced by the folks at Financial Times (FT). This video was just published on March 9th.
China has approximately one-quarter of the world’s population and it’s economy has grown rapidly for many years. In recent years there has been a significant slowing in that growth. Continue reading
The latest economic news out of China is about imports and exports. The February merchandise trade surplus was $32.6 billion versus an estimate of $48.7 billion.
Exports tumbled 25.4% from a year ago while imports shrank 13.8%. On a seasonally adjusted basis, exports shrank 19.9% in February after falling 15.9% in January. The following image comes from an article that further discusses the numbers. Continue reading