Market Comments by Derek Frey
This week we will see the stock market grabbing most of the headlines as it cruises through 13,000 on the Dow. We are seeing a trend develop in the soft complex that is worth mentioning. We are seeing all but one of the major soft markets trending down which could be foretelling of an overall slowdown in the pace of growth commodities have enjoyed in recent years. Markets like OJ were leading indicators on the way up and are now likely to be leading indicators on the way down. This in no way implies that the commodity boom is over but rather just a normal correction or slowdown within a larger bull market.