Global geopolitical fears sparked a massive risk-off day in markets around the U.S. Traders and policy analysts anticipate further escalation in tensions between the U.S. and Iran after news broke overnight that Iranian General Qassem Soleimani was killed in a U.S. airstrike. Crude oil immediately jumped 4 percent higher while stocks and commodity markets moved lower. While geopolitical tensions explain the catalyst for the day’s selloff, it was a combination of that and overbought technical conditions/profit taking that created the persistent selling at the CME/CBOT. Moreover, private forecasts that suggest Brazil/Argentina corn/soybean crops will be at/above record highs created a fundamentally bearish mood as well. Th...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.