Andy Hecht

The raw material markets asset class moved higher in the first quarter of 2021 after a volatile 2020 when the pandemic caused a massive selloff early and a huge turnaround that pushed some prices to all-time or multi-year highs. The commodity... more

In August 2020, the US Federal Reserve made a not-so-subtle change to its inflation policy. The world’s leading central bank shifted from a 2% target to an average of a 2% target for the economic condition.

Inflation is a general increase... more

The first month of 2021 was eventful. Bitcoin rose to a new all-time high. Digital currency is a rejection of government control of the money supply. The US swore in a new President. Many policies from the last administration are changing from... more

The raw material markets continued to make a comeback in the final quarter of 2020 after the global pandemic caused a deflationary spiral taking the prices of most assets to lows in March and April. In Q4, commodities posted an 11.77% gain. The... more

In late June 2020, the nearby natural gas futures price fell to its lowest level in twenty-five years when it reached $1.432 per MMBtu. Days after the low, Warren Buffett announced that Berkshire Hathaway acquired transmission and pipeline assets... more

Supply and demand fundamentals support the grain markets. According to the US Census Bureau, the global population grows by approximately twenty million each quarter. At the turn of this century, there were around six billion people on our planet... more

The raw material markets continued to make a comeback in the third quarter of 2020 after the global pandemic caused a deflationary spiral taking the prices of most assets lower in Q1. The commodity asset class consisting of 29 of the primary... more

The end of the summer is the start of the harvest season in the grain markets. The United States is the world’s leading producer and exporter of corn and soybeans, and a leading producer of wheat. The grains and oilseed are the agricultural... more

July 2020 was a month where the prices of gold and silver posted significant gains. In what has been almost a perfect bullish storm for the two precious metals, a decline in the value of the US dollar against other world currencies and the... more

The raw material markets made a comeback in the second quarter of 2020 after the global pandemic caused a deflationary spiral taking the prices of most assets lower in Q1. The commodity asset class consisting of 29 of the primary commodities that... more