Clearly the Grain complex traded heavy over the past quarter. There was no real weather market (compared to last year's historic drought). The Dollar and Treasuries have also traded heavy as the threat of Taper has weighed on fixed income. Conversely, the Kiwi, Pound, Swiss, Euro, et all have performed well v. the USD in Q3.
Coffee continues to plumb multi year lows with massive crops hit the physical market. Supply and demand do matter. Supplies are ample and the largest global consumption comes from Europe, which continues their economic malaise (and VERY high unemployment rates).
Cocoa, Lumber, Silver, and the Nasdaq 100 top the leader board.
- Weather in the Ivory Coast
- Very strong new home prices/sales
- Rebound after massive liquidation in Q2
- Technology is the belle of the ball again!
The dysfunctional Congress appears to be grinding toward a government shutdown over the spending bill which doesn't bode well for the debt ceiling debate which must be addressed in the next 18 days.
The S&Ps are closing RIGHT AT the 50 day moving average - 1680 on Cash. 1671 on Dec futures.
The 100 day moving average comes in at 1658 on cash. 1649 on Dec futures. (BIG DEAL?)
The 200 day moving average comes in at 1585. 1575 on Dec futures. 
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