March can be a wild month when it comes to the weather. There is an old saying; March comes in like a lion and goes out like a lamb. March of 2019 could be a month where a lion may not be a ferocious enough beast when it comes to the potential for market volatility.
Recently, the Financial Times of London wrote of March Madness, and they were not talking about college basketball.
Thursday, markets got a taste of what is coming at us in the month ahead.
The Dow Jones Industrial Average fell by 220.77 points of 0.87 percent
The S&P 500 declined by 25.56 points or 0.94 percent
The NASDAQ fell 86.93 points of 1.18 percent
Crude oil moved $1.37 per barrel lower to $52.64
Gold did not change much at $1314.20 down just 20 cents
If the schedule for March is any indication, we could see a return of the trading conditions from the final quarter of 2018. The brackets for basketball are still not ready, but the Market March Madness is staring us in the face
The US government faces another shutdown as the three-week reprieve will expire in mid-February
March 2- The deadline for the trade negotiations between the US and China
March 29- The line in the sand for a hard Brexit
I will be watching lots of basketball in March, but my attention will be on the markets as a return to late 2018 conditions could be on the horizon.
Andrew Hecht is a commodity and options trader and analyst. He spent nearly 40 years on Wall Street, including two decades at Phillip Brothers, later Salomon Brothers and part of Citigroup. He executed some of the largest trades in precious metals and bulk commodities as well as booking ships, armored cars, and trains for transport. He has worked with the United Nations and maintains a global network of sources.
Andy is a top contributor at Seeking Alpha and other sites, a university guest lecturer, and consultant. His radio show, "The Commodities Hour with Andy Hecht," airs Tuesdays and Thursdays 5-6 PM EST on TFNN. Andy’s first book How to Make Money with Commodities, has received excellent reviews.
The information contained above may have been prepared by independent third parties contracted by Nadex. In addition to the disclaimer below, the material on this page is for informational and educational purposes only and should not be considered an offer or solicitation to buy or sell any financial instrument on Nadex or elsewhere. Please note, exchange fees may not be included in all examples provided. View the current Nadex fee schedule. Nadex accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representations or warranties are given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk and any trading decisions that you make are solely your responsibility. Trading on Nadex involves financial risk and may not be appropriate for all investors. Past performance is not necessarily indicative of future results. Nadex contracts are based on underlying asset classes including forex, stock index futures, commodity futures, cryptocurrencies, and economic events.
Trading can be volatile and investors risk losing their investment on any given transaction. However, the design of Nadex contracts ensures investors cannot lose more than the cost to enter the transaction. Nadex is subject to U.S. regulatory oversight by the CFTC.
Experience a different way to trade.
Fill out our online application in just a few minutes. You’ll get a quick response. Once it’s approved, you can fund your account and be trading within minutes.