Core Insights - Sugar prices have recently increased due to a decline in the dollar index, leading to short-covering in sugar futures [2] - The global sugar supply outlook remains robust, with projected surpluses for the 2025/26 and 2025/25 seasons [2] Price Movements - March NY world sugar 11 closed up +0.11 (+0.70%) and December London ICE white sugar 5 closed up +0.50 (+0.11%) [1] - NY sugar reached a 3-week low earlier in the week, while London sugar hit a 4.25-year nearest-futures low [2] Production and Supply Factors - Brazil's sugar output in the second half of September increased by +10.8% year-on-year to 3.137 million tons [3] - The percentage of sugarcane crushed for sugar in Brazil rose to 51.17% from 47.73% year-on-year [3] - Cumulative sugar output in Brazil's Center-South region for 2025-26 through September increased by +0.8% year-on-year to 33.524 million tons [3] Indian Sugar Market Dynamics - India's monsoon rainfall was reported at 937.2 mm, 8% above normal, indicating a potential bumper sugar crop [4] - Projections suggest India's sugar production for 2025/26 could rise by +19% year-on-year to 34.9 million tons, following a significant decline in 2024/25 [4] - India's sugar mills may export up to 4 million tons of sugar, exceeding earlier expectations due to a surplus [5]

The S&P 500 Index has advanced 35% since its April 8 trough, when fears that US President Donald Trump's The rally has defied skeptics, with easing trade tensions, signs of corporate resilience and insatiable demand all things "Are we in a bubble? No. The AgenciesWhile the S&P 500's push to fresh records made equity valuations appear swollen, signs of anxiety are hard to find. The Cboe VIX Index is hovering near 17, below its long-term average, while the 500-member gauge hasn't clocked a 1% move in either ...

Core Viewpoint - US stock investors remain resilient despite trade tensions, slowing growth, and high valuations, leading to a significant rally in the S&P 500 Index, which has reached record highs [1][2]. Group 1: Market Performance - The S&P 500 Index has gone 107 sessions without a drop of at least 2%, marking its longest stretch since July 2024 [2]. - The index has surged 34% since early April, adding nearly $16 trillion in market value [2]. - The S&P 500 has achieved 28 all-time highs this year through Monday, despite high unemployment rates [4]. Group 2: Investor Sentiment - Investors are currently willing to overlook negative news, although there are concerns about complacency potentially impacting the stock rally [4]. - Traders are confident that borrowing costs will be lowered, with expectations of a half-point cut in 2025 being nearly priced in [5]. - Fund managers invested nearly $58 billion into US stocks in the week through September 17, indicating strong market momentum [6]. Group 3: Economic Factors - Risks such as persistent inflation and a moderating job market are present, but they have not significantly affected market performance [3]. - The belief that the economy has weathered the worst of tariff policies and will benefit from improving corporate profits and the AI boom supports market resilience [5]. - Short-covering is identified as a contributing factor to the recent stock market movements [7].

Core Viewpoint - Footwear stock On Holding AG (NYSE:ONON) is showing signs of recovery after experiencing losses in June, with shares currently up 3.4% at $53.97, indicating a potential bullish trend supported by historical performance at key moving averages [1] Group 1: Stock Performance and Trends - ONON shares have bounced off support at the 80-day and 100-day moving averages, which have historically preceded bullish activity for the retailer [1] - The stock is currently within 0.75 of both trendlines' 20-day average true range (ATR), having spent 80% of the last two months above these levels [2] - In the past three years, ONON has pulled back to the 80-day trendline seven times, resulting in an 86% success rate of being higher one month later, with an average gain of 15.7% [3] - The 100-day moving average has shown a similar pattern, with a 83% success rate of being higher one month later and an average gain of 13.6% [3] Group 2: Technical Indicators - The stock is currently in "oversold" territory, indicated by a 14-day relative strength index (RSI) of 29.6, suggesting a potential short-term bounce [4] - There is significant short covering potential, with short interest representing 7.7% of the stock's available float, equating to over three days' worth of buying power [4]