This Week in Trend – 16 August 2024: “The Storm Abates! ”
This Week in Trend: The Storm Abates, But Caution Remains!
In this week’s edition of “This Week in Trend,” we explore how the markets have shifted from last week’s volatility to a more subdued but still challenging environment. The Trend Barometer has dropped sharply to 45%, signaling weaker trending conditions, while the SG Trend Index shows a slight recovery but remains in negative territory.
The rapid decline in the Volatility Index (VIX) suggests that the initial panic has subsided, leading to a more stable market. However, trend followers face new complexities, with some markets showing strong bearish trends, like Soybeans and Canola, while others, such as equities, are rebounding quickly, complicating strategic decisions.
From the continued momentum in Orange Juice to the uncertain outlook in Cocoa, we analyze the top market movers and provide insights into how to navigate this ever-changing landscape. Will the markets stabilize, or are we simply in the eye of the storm? Stay ahead of the curve by reading the full report and adapting your strategy to the latest trends.
Read the full report now to stay informed and prepared for whatever comes next!
