MIP Markets with Shawn Hackett - The Decoupling of Commodities from the US Dollar?

MIP Markets with Shawn Hackett - The Decoupling of Commodities from the US Dollar?Moving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.comMove More Iron with Fusable! Get your Free Demo athttps://info.ironsolutions.com/moving-iron-podcast.SummaryIn this conversation, Casey Seymour and Shawn Hackett discuss various topics related to commodities and the global economy. They touch on the recent USDA report, the cattle market, and the decoupling of commodities from the US dollar. They also explore the potential impact of geopolitical factors and the upcoming US elections on asset prices. Hackett emphasizes the need to pay attention to these factors and adjust trading strategies accordingly.Keywords#commodities, #USDA #USDAreport, #cattle #markets, #decoupling, #USdollar, #geopoliticalfactors, #USelections2024, #assetpricesTakeawaysThe April USDA report had little impact on the commodity market, but the following report incorporating new crop balance sheets will be more significant.The cattle market experienced a setback due to the avian flu scare, but it is stabilizing. Hackett predicts that the market will continue to trade within a range.Commodities are decoupling from the US dollar, which is unusual. Hackett attributes this to the geopolitical climate and the shift away from the US dollar as a reserve currency.The global economy is entering a period of chaos and uncertainty, which will impact asset prices. Hackett suggests that hard assets like metals, food, and energy will hold their value.The upcoming US elections and the divided views within the country could lead to civil unrest and further lack of confidence in the US dollar-based monetary system.Chapters00:00 Introduction and Discussion of Recent Events06:04 The Decoupling of Commodities from the US Dollar12:09 The Chaos and Uncertainty of the Global EconomyClick To Watch:https://youtu.be/oFyr4FSv46kPresented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @ValleytransincMusic By: @TalbottBrothersHost: @casey9673#agequipmentbusinesstal #letsgomovesomeironContact Me at:MovingIronLLC.commovingironpodcast@movingironpodcast.com