Monthly Thematic Piece

Strange Behavior; The Battle Between Hope and Despair
May 24, 2020
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Sunday Chemical Recap

 

Strange Behavior; The Battle Between Hope and Despair

 

  • Odd price moves continue – both within chemicals and in the stock market, with incremental availability (or lack thereof) and incremental news driving wild swings in pricing of products and stocks. The battle between hope and despair
  • We have been surprised by some of the reactions (and over-reactions) and how much what are clearly anomalies are driving behavior.
  • The macro numbers tell the real story – unemployment is at unprecedented levels (and getting worse) and consumer sentiment has taken a massive beating. Demand for non-essentials is going to be lower in 2020 than in 2019 – we do not yet know by how much, but the optimists are likely to be disappointed.  

See PDF below For All Charts 

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