During wild price swings many recall, understand, and fear inflation as an insidious threat to our buying power as the paper dollars in our wallets buy less and less as prices go up. But what happens if prices go down?
One of the longest winning streaks in US equities may have come to an end this week or, at least, caused bullish investors to lose some sleep. On Wednesday, the Dow Jones staged the biggest single day rally this year, only to tumble Thursday, creating the wildest two-day swing since 1997!
Corn prices dove to a five-year low this week, driven lower by heavy supplies of the grain. On Tuesday, the USDA released its quarterly grain stockpile report, showing a whopping 1.236 billion bushels of corn leftover from last year.