Prices
August 7, 2014
Hot Rolled Futures: World in Turmoil
Written by Andre Marshall
Today’s hot rolled coil futures (HRC) article comes to us from Andre Marshall, CEO of Crunchrisk, LLC and our Managing Price Risk I & II instructor. In his article he will review the S&P 500, copper pricing, crude oil pricing, steel, iron ore and ferrous scrap futures trading:
Well the S&P 500 reached its high at 1985.75 on July 24th only to lose 4 percent since. One could say it is due to the escalating conflict between Russia and Ukraine, or the war in Gaza, or the lackluster performance of crude oil prices and natural gas prices, considered a benchmark of economic health. Or, it’s more like the market was looking for an excuse to pare back positions amidst altogether too good economic data at home.
