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Russell 2000 Index (RLS.I) & CBOE 10-Year Interest Rate Continuous Contract (TNX.I)

It has been a tumultuous week for equity markets with several large intraday swings indicating a volatile environment. The prospect of interest rate increases in both the US and Canada, with both the Fed and the Bank of Canada hinting that they could start raising rates at their next meetings in March, sent investors fleeing from risk markets into defensive havens. In this issue of Equity Leaders Weekly, we take a look at the implications of a breakdown by the Russell 2000, and at the recent rise in US traded interest rates.

Archer-Daniels Midland Company – (ADM)

Archer Daniels Midland (ADM), an agricultural commodity trading and storage company, recently returned to the Green Favored Zone of the SIA S&P 500 Index Report and has climbed to its highest level since 2009 after spending most of the last 13 years stuck in the red zone. Yesterday, ADM finished in 61st place, up 37 spots on the day and up 143 positions in the last month.

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