Amid persistent headwinds and fat tails, resilient demand and margins of Archer-Daniels-Midland Company (ADM) could shield retirement portfolios from unforeseen shocks while ensuring steady income generation in a topsy-turvy market.
An expectation-meeting annual inflation rate of 6% for February and recent bank insolvencies could limit the Federal Reserve’s upcoming rate hike to a lower-than-previously-expected 25 bps. However, since the target inflation rate of 2% seems a long way off, the central bank would still be keen to press on, which could trigger Mr. Market into fresh bouts of manic depression.
