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Rich Asplund

Sun, May 5th, 2024

Rich Asplund

Rich Asplund

Richard is an investment analyst covering the global financial, equity, commodity, and clean energy markets.  Richard is the author of Profiting from Clean Energy: A Complete Guide to Trading Green in the Solar, Wind, Ethanol, Fuel Cell, Carbon Credit Industries, and more (Wiley, 2008) and is the contributing author of The CRB Commodity Yearbook (Wiley, 2003 through 2021) and The CRB Encyclopedia of Commodity and Financial Prices (Wiley, 2006, 2009).  Richard has been interviewed on CNBC, Fox, Bloomberg TV, Japanese NHK TV, and National Public Radio, and has been quoted in print publications such as Dow Jones, Reuters, USA Today, Newsweek and others.

Most Recent Stories

Stocks Close Higher as the Outlook Improves for Fed Rate Cuts

The S&P 500 Index ($SPX ) (SPY ) Friday closed up +1.26%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.18%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.99%. US stock indexes...

$SPX : 5,127.79 (+1.26%)
SPY : 511.29 (+1.24%)
$DOWI : 38,675.68 (+1.18%)
DIA : 386.77 (+1.19%)
$IUXX : 17,890.80 (+1.99%)
QQQ : 435.48 (+2.01%)
ZNM24 : 108-275s (+0.46%)
AAPL : 183.38 (+5.98%)
AMGN : 311.29 (+11.82%)
LYV : 94.66 (+7.24%)
ANET : 274.40 (+4.79%)
MSI : 353.70 (+5.19%)
Dollar Retreats as Weak US Reports Bolster Fed Rate Cut Hopes

The dollar index (DXY00 ) on Friday fell to a 3-week low and finished down by -0.25%. The dollar sank Friday as T-note yields retreated on the weaker-than-expected reports on US Apr nonfarm payrolls and...

DXY00 : 105.030s (-0.26%)
^EURUSD : 1.07629 (+0.35%)
^USDJPY : 152.999 (-0.40%)
GCM24 : 2,308.6s (-0.04%)
SIN24 : 26.690s (-0.52%)
Easing Geopolitical Risks in the Middle East Weigh on Crude

June WTI crude oil (CLM24 ) on Friday closed down -0.84 (-1.06%), and June RBOB gasoline (RBM24 ) closed down -4.14 (-1.59%). Crude oil and gasoline prices Friday were under pressure the entire day and...

CLM24 : 78.11s (-1.06%)
RBM24 : 2.5551s (-1.59%)
DXY00 : 105.030s (-0.26%)
Nat-Gas Prices Soar on the Outlook for US Nat-Gas Supplies to Tighten

June Nymex natural gas (NGM24 ) on Friday closed up by +0.107 (+5.26%). June nat-gas prices Friday climbed to a 3-month nearest-futures high and settled sharply higher. Gas prices surged Friday after...

NGM24 : 2.142s (+5.26%)
Sugar Posts Modest Gains on Brazilian Real Strength

July NY world sugar #11 (SBN24 ) on Friday closed up +0.03 (+0.16%), and Aug London ICE white sugar #5 (SWQ24 ) closed up +1.50 (+0.26%). Sugar prices Friday posted modest gains. Short covering emerged...

SBN24 : 19.28s (+0.16%)
SWQ24 : 572.00s (+0.26%)
^USDBRL : 5.07240 (-0.77%)
CLM24 : 78.11s (-1.06%)
Cocoa Prices Settle Sharply Higher Amid a Lack of Liquidity

July ICE NY cocoa (CCN24 ) on Friday closed up +582 (+7.70%), and July ICE London cocoa #7 (CAN24 ) closed up +332 (+5.06%). Cocoa prices recovered from 6-week lows on Friday and rallied sharply. Gains...

CCN24 : 8,145s (+7.70%)
CAU24 : 6,403s (+6.13%)
Coffee Prices Retreat as Global Supplies Increase

July arabica coffee (KCN24 ) on Friday closed down -5.35 (-2.60%), and July ICE robusta coffee (RMN24 ) closed down -139 (-3.78%). Coffee prices Friday extended this week's sharp decline and posted 1-month...

KCN24 : 200.75s (-2.60%)
RMN24 : 3,541s (-3.78%)
Sugar Pushes Higher as the Brazilian Real Rallies

July NY world sugar #11 (SBN24 ) this morning is up +0.11 (+0.57%), and Aug London ICE white sugar #5 (SWQ24 ) is up +3.50 (+0.61%). Sugar prices this morning are moderately higher. Short covering emerged...

SBN24 : 19.28s (+0.16%)
SWQ24 : 572.00s (+0.26%)
^USDBRL : 5.07240 (-0.77%)
CLM24 : 78.11s (-1.06%)
Cocoa Prices Whipsaw Sharply Higher as Volatility Continues

July ICE NY cocoa (CCN24 ) this morning is up +561 (+7.42%), and July ICE London cocoa #7 (CAN24) is up +348 (+5.31%). Cocoa prices this morning recovered from 6-week lows and are sharply higher. Gains...

CCN24 : 8,145s (+7.70%)
Coffee Prices Decline on an Increase in Global Supplies

July arabica coffee (KCN24 ) this morning is down -3.70 (-1.80%), and July ICE robusta coffee (RMN24 ) is down -66 (-1.79%). Coffee prices this morning extended this week's decline and posted 1-month lows....

KCN24 : 200.75s (-2.60%)
RMN24 : 3,541s (-3.78%)

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A third of office mortgages included in bonds are at risk of default warns KBRA Analytics. This is nearly double the level from a year ago 🚨 https://t.co/pMkYx8XHSY
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Nvidia $NVDA has recaptured its 50D moving average https://t.co/dgQCJmHFHI
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Another swing and a miss for Bank of America Chief Strategist Michael Hartnett! 0/50 the last year or so 🤦‍♂️ https://t.co/GT2lYG0GsI
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Regional Banks $KRE are underperforming Big Banks by the largest margin since the Global Financial Crisis https://t.co/Sda6FIXq8f
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Boeing Investors should vote against CEO Dave Calhoun's $32.8 million pay package says International Shareholder Services. How is that package even on the table? $BA shares have declined 8% since Jan 1, 2023 https://t.co/rKu4UxUe4z
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JUST IN 🚨: Treasury Secretary Janet Yellen says the Bank of Japan should consult with her before intervening to support Japanese Yen 😂 https://t.co/b7RPnCI0ki https://t.co/rNVD0mNAkq
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BREAKING 🚨: U.S. Federal Debt If rates remain stable over the next year, the U.S. will pay a total of $1.7 trillion in interest payments in the 12 months through April 2025. https://t.co/vOUjnvyUto https://t.co/Ny1jF75qKf
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Warren Buffett Insider Trading Alert 🚨 Berkshire Hathaway dumped roughly $20 billion worth of $AAPL shares in the first quarter, which amounted to roughly 13% of its total Apple position https://t.co/hmn4X835cz https://t.co/fwAHZZduNa
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