Hot Rolled Futures: The Beatings Will Continue Until Morale Improves

SMU contributor Tim Stevenson is a partner at Metal Edge Partners, a firm engaged in Risk Management and Strategic Advisory. In this role, he and his firm design and execute risk management strategies for clients along with providing process and analytical support. In Tim’s previous role, he was a Director at Cargill Risk Management. Prior to that, he led the derivative trading efforts within the North American Cargill Metals business. You can learn more about Metal Edge at www.metaledgepartners.com. Tim can be reached at Tim@metaledgepartners.com for queries/comments/questions.

There has been quite a bit of unfortunate economic news as of late. Of course, inflation is top of mind for traders and investors, as the CPI has hit a multi-decade high. This puts the Fed in a tough spot as they appear to be “behind the curve” and need to bring this under control via rate increases. Of course, the bond market isn’t stupid, and is doing the Fed’s work for them to some degree.