Final Thoughts
Final Thoughts
Written by John Packard
April 28, 2014
My final thoughts will be relatively short and sweet this evening. I have begun to follow Chris Kuehl (pronounced keel) of Armada Corporate Intelligence. I first saw Chris speak at the FMA Toll Processing Conference in Austin, Texas and I was impressed. I suggest to my readers that they consider registering for a free trial of their briefing. It’s short and a pretty easy read and more importantly – interesting.
For those of you who will be attending the Metals Industry Boy Scout Dinner I will be there as well. I will be in the hotel on Wednesday afternoon and all day on Thursday. If you arrive early and would like to meet send me either an email: John@SteelMarketUpdate.com or give me a call on my cell phone: 770-596-6268.
I said I would make this short and sweet this evening so…
As always thank you for your business which is truly appreciated by all of us here at Steel Market Update.
John Packard
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Final Thoughts
United Airlines raised eyebrows earlier this month when it provided two forecasts for 2025 – one assuming a relatively stable economy and another assuming a recession. The reason? Uncertainty around the impact of President Trump’s policy shocks on the broader economy. And it sometimes feels like we’re seeing a battle between those two narratives (stable vs recession) play out within in the pages of this newsletter.
Final Thoughts
Despite some scary headlines lately (especially about Trump potentially firing Fed Chair Jerome Powell) this is not October 2008 (financial crisis) or March 2020 (onset of the pandemic). But it sure seems like we’ve taken a relatively strong economy and poured a thick sauce of uncertainty over it.
Final Thoughts
I put some of our survey data through ChatGpt, with interesting results.
Final Thoughts
Nearly 50% of respondents to our latest survey thought hot-rolled coil prices have already peaked. And where will those prices be two months from now? Responses were decidedly split on that question.
Final Thoughts
A modest week-to-week change in HR price understates a huge swing in expectations.