Red Bull today confirmed to Adweek that it has named Ken Turner to executive vice president and chief marketing officer for its North American operations. The move makes Turner the highest-ranking Black executive at the company.

According to reports by Business Insider, which first published the news, the energy drink brand has laid off around 50 employees in the past several weeks, largely from its culture marketing teams, which oversee projects related to hip-hop music and break-dancing culture. Red Bull did not respond to Adweek’s request for comment regarding the layoffs, but did not dispute the Business Insider story.

These latest changes come after a tumultuous summer for the brand, which began with a racism controversy following the police killing of George Floyd on May 25 in Minneapolis. In the aftermath of Floyd’s death and in the midst of widespread protests against police brutality and systemic racism, 300 employees signed

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Editor’s note: Originally published at tsi-blog.com on September 8.

[This blog post is an excerpt from a recent TSI commentary, with updated charts and minor modifications]

As is the case with the natural gas price, the price of the S&P Agricultural Index (GKX) appears to have made a cycle low via a double bottom in April and June of this year. At this stage the rebound from the Q2-2020 bottom doesn’t look more significant than any of the other rebounds of the past five years (see chart below), but the combination of rampant monetary inflation, rising inflation expectations and increasingly-volatile weather due to natural climate cycles is the recipe for a much longer and larger rally.

For at least the past 12 months we have argued that owning the stocks of fertiliser producers such as Mosaic (NYSE:MOS) and Nutrien (NYSE:NTR) is the best way for most people to participate in

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Market Finally Cracks

Over the last few weeks, we have discussed that while the markets were continuing their seemingly “unstoppable” advance, there were many “technical extremes” reached.

Here is the problem with watching media headlines rather than paying attention to what is happening in the underlying market.

On Wednesday was this headline:

On Thursday, it was this:

Thursday was not a surprise. As noted in “Winter Is Coming:”

“The market is currently at historic market extremes. I explained this concept in much more detail in today’s #Macroview.

However, the most critical point of that article was the extreme deviation from long-term means. As noted, trendlines and moving averages tend to act as ‘gravity.’ The further away the market moves from the trendline, the greater the pull becomes.

Market Cracks, Market Finally Cracks. Is The Bull Market Rally Over? 09-04-20

When markets are pushing extremes, it seems like it is a “no-lose” scenario for investors. It is at those moments

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The seat next to Max Verstappen is possibly the most difficult in Formula 1. Pierre Gasly went down last year next to the Dutchman and this year it happens to Alexander Albon. According to Jolyon Palmer, Albon hasn’t shown what he should be showing for a year now and in the meantime Gasly is shining at AlphaTauri.

Albon vs Gasly

Since the switch between Albon and Gasly things have gone a lot better for the Frenchman. He shines weekly at AlphaTauri and is better than his teammate Danill Kvyat, also a former Red Bull rider. Meanwhile, Albon is struggling with his new role as Red Bull’s main team. That’s what Palmer says in his column at the BBC.

“Since Albon’s impressive debut at Spa last year, he hasn’t shown what can be done

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By Stephen Culp

NEW YORK, Aug 24 (Reuters)The S&P 500 and the Nasdaq reached new record closing highs on Monday as optimism over potential medical advances in the war against the coronavirus pandemic pushed all three major U.S. stock indexes higher.

The benchmark S&P 500 reclaimed its February closing high last week, confirming a bull market and the fastest recovery from a bear market trough on record.

Of note, the Dow Transports index .DJT, often considered a barometer of U.S. economic health, handily outperformed the broader market.

“There’s been a broadening in this rally and the what’s reflected in the transports,” said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana. “(Higher) volume is accompanying this expanding breadth, and those are all bullish things.”

Markets worldwide were given a boost by new developments in the global race to battle the coronavirus, including an

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