02/03/2025 Movies and Markets

On the Grains
One cannot help but draw comparisons between movies and markets. For example, the 90’s hit Home Alone when Kevin is in the basement, and the furnace kicks on, making a loud noise and scaring him, and he runs upstairs yelling. Yet the next time, he looks at it and says I am okay, which does not scare him. Well, that is like tariffs and markets. Except the funds are Kevin, and the furnace that makes the loud noise is tariffs. How everything plays out between Mexico, Canada, and the United States, nobody knows just for sure, but it is enough of a caution to send the funds hitting the pay window and moving to the sidelines. In fact, on world trade, it is starting to feel like we are home alone. We did gap lower on the overnight March corn.