Beer and Jobs..

Expectations after Monday’s big day has turned into a something more than the expected consolidation into NFP#.   Even tough, it may seem in the media as one hyped up report, the market volume is one of a day at beach.   As alluded to this morning,  the market might be looking forward to FOMC and the QE noise speculated early this week, instead of expecting anything meaningful to the South or North of 100-150K (Private jobs) expectation.   If this is the case, a bad # may provide a dip buy oppy’ and a excellent # may prompt some profit taking if an upward comes with it as there is a general buyers and sellers strike this week.   

The only thing getting people excited is the Burning Bush ‘Wheat” story gaining momentum.
Interestingly, it’s the flip floppers on CNBC doing much of the hype,  we haven’t seen anything substantial on the subject from GS JPM to generate more than a short lived move from retail.   Once/ if they pump to their institutional clients,  we’ll all follow the money.   If this has legs for the remainder of the year and into 2011, you’ll have plenty of time to profit from the Ag-Chem sector as we did here years past with the POT, TNH  etc.   The rallies in this sector last for a good year or two and the start of this one is not on the same fundamentals as 2006-08.   It’s a question of sustainability.    Still, the trade is on and unfortunately and hate to say it, shorting BEER co’s is a short term trade as brewers and Food co‘s should feel some short term pain.