newport-Q

1 Comment

    • ON: Thu May 1st 00:52 AM
      Commented on:
      Potash, Mosaic Are Looking Fertile
      I don’t buy the sector rotation out of energy and agriculture argument. The hype of possible new leadership in financials and tech is without real conviction. The financials will have several quarters reported losses and tech is out of season and hit by a strapped consumer.

      Still lower rates are possible and a 2% FF rate isn’t going to boost the dollar. Forget about the ECB cutting rates to accommodate a weakening dollar. So I don’t see oil, priced in US dollars, coming down or Ag stocks retreating at the start of a growing season fraught with global food shortages.
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