HISTORICAL FACTS: Wheat soybean and equities what we learned this week | History Defined

• Chicago SRW wheat saw a classic Rubber Band Disposition play out this week as real market fundamentals continued to grow more bearish.
• November soybeans were the embodiment of using both the Wilhelmi Element and the Goldilocks Principle as we wait for the week to come to an end.
• As we wait for the last half-hour of the day/week in US stock indexes, the NBA Rule, we can also think about the differences between day traders and long-term investors.

It has been quite a week, and there is still roughly 5 hours remaining as I put digital ink to electronic paper. But as I was going over the various market sectors early Friday morning I found a number of Rules, principles, and other nuggets from the Newsom Market Analysis syllabus[i]. It wasn’t one market sector, though some subsectors of grains and oilseeds seemed to dominate conversation as the week unfolded. Equities were also in the spotlight as US economic data continued to come in better than expected as the US Federal Open Market Committee raised the funds rate once again.