Final Thoughts
October 19, 2016
Final Thoughts
Written by John Packard
One of my habits when writing this newsletter is to hold my Final Thoughts until after the vast majority if not the entire newsletter is complete. At that point I try to absorb what has transpired through the day and many times that day flows well into the evening. I think this is one of the differences between what Steel Market Update does and what happens at other periodicals.
This evening Jack Marshall of Crunchrisk, LLC and the author of this evening’s hot rolled futures article, spoke with me about the change in the HRC futures market over the past week. We went from there being too many sellers and not enough buyers to too many buyers and no sellers. Something has changed. Something to watch.
