The month of May was an active one across many of the markets we trade.
Amid continued uncertainties, stock markets remained volatile. These uncertainties are due in part to trade uncertainties and increasing skepticism that the current ‘Bull Market’ (I put this in quotes because I believe we are no longer in a bull market, but that is a story for another day.) will continue. Over the past month the S&P June contract declined 6.65%.
US Treasury Bonds
Amid the uncertainty, investors are clearly seeking the security of the US Treasury market. US 30 year (June Contract) rose 4.63% in May.
Light Sweet Crude
Crude lost 14.95% (July 2019 contract) as initial supply concerns eventually gave-way to nervousness over trade uncertainties.
Flooding in the US midwest has delayed planting and therefore created concerns about this years supply of Soybeans, Corn and Wheat. We have concentrated most of our trading on the Wheat market (July 2019 Contract) this month which rose 16.98%.
During the month of June we will continue to watch for opportunities in these markets as well as Gold which has been heating-up recently.