Emily Fry

Emily manages portfolio implementation, trading operations, and oversight across Welton’s traded strategies and investment programs to measure and minimize operational risks, ensure close alignment with model portfolios, and continually enhance the firm’s trading platform and oversight tools.

Chart Flash Emily Fry

Coffee Futures +217%, While Bonds Returned 6.4%

Apr 27, 2026

Coffee futures returned +217% over the past five years. The S&P 500 gained +142%. US Bonds returned +6.4%. Each moved for different reasons. Stocks followed earnings expectations. Bonds tracked the rate cycle. But coffee prices surged on weather disruptions,...

Commodity Surge Is Just the Latest Event in a Rollercoaster 3-Year Macro Ride

Mar 8, 2022

Not long ago commodity prices were falling, now they’re surging. Today, I see green across every quote in every commodity sector from my front-row seat managing the trade flow for $7B in Macro positions. At the start of the pandemic-induced global shutdown in 2020,...

Emily Fry

Coffee Futures +217%, While Bonds Returned 6.4%

Commodity Surge Is Just the Latest Event in a Rollercoaster 3-Year Macro Ride

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About Welton

California – Main Office

New York – Branch Office

Paris – Research Center