Directional Volatility — This Week in the Markets

by

Opinion

June 30 was a big day in 1867: the eve before the birth of this great nation. This year, nearly 150 years later, it marked the end of the trading month, the end of the trading quarter, the final day for Greece to accept new financial austerity measures or make a €1.6 Billion loan payment (they did neither), and both Statistics Canada and the United States Department of Agriculture released reports around seeded acres. With so many variables playing into the trade, weather continues to drive the direction of the market but also is creating the most volatility! More dry weather in Western…

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