The stock market popped at the open this morning on the back of two news stories.
We continue to believe crude is putting in its low for the year (or we have a serious problem as far as the market goes if history is any guide.
Time to Buy XLE? Fundamentally, the outlook for oil remains broadly the same: Waiting on OPEC. But, as we discussed earlier this week, most major energy companies are not aggressively shutting in aggregate production, as increases from profitable wells are offsetting shut-ins from high-cost wells. From a macro standpoint, pressure is mounting on OPEC, the […]
Copper futures caught a bid on the additional Chinese stimulus headlines overnight and
Futures are sharply higher this morning and Europe is outperforming on surprise stimulus from China’s central bank and hints of more stimulus from the ECB. Asian stocks rose modestly after China’s central bank (PBOC) surprisingly cut interest rates o/n, hoping to stimulate the stagnant economy. In Europe, Mario Draghi again forcefully hinted the ECB […]
Does anyone carry cash anymore?
Just remember you get what you pay for…
Forgive me for not getting more excited about this market, but it’s a holiday week and trading has been very slow at best.
To say I’ve been watching crude closely lately would be an insult to watching…
If GDX can hold 20, which it looks like it’s doing, it could be a precursor to a jump in Gold prices as well.
We are offering the….
You want me to do what with who?
That’s Hot Saudi Arabia (they speak for oil, for themselves) Wet barrels (if you don’t get it, you’re not getting it) Justin Bieber (haters gonna hate, but money matters) That’s Not Iran (no this time we really mean it…) Holiday trading (the longest short week) George Eads (after fifteen years, he decides now he […]
I’m making fun of OPEC, not Bill Cosby.
That’s Hot China (cut the rate and stimulate) OPEC (it’s not about what you give, it’s about who will take) Taylor Lianne Chandler (well at least Michael Phelps thinks she’s hot…err, he…err, she) That’s Not North Sea (and now it’s time to say goodbye to all our family…M-I-C…) Holiday trading (the longest short week) […]
That’s Hot China (keep building oil storage) OPEC (with great power comes great price responsibility) Chris Hemsworth (congrats on the People award…I guess coming in 26th isn’t so bad for me) That’s Not China (PMI 50.0…and then there’s shrinkage) OPEC (maybe it’s best if you make it a week long meeting) The Hunger Games […]
That’s Hot Nat Gas (cold, snow…go figure that winter works) Russia (everybody plays nice with crude oil at $75) Jimmy Fallon (at this point I want him to lead OPEC too) That’s Not Keystone (such a coincidence it rhymes with “postpone”) OPEC (when you wish upon a star…) Bill Cosby (plenty of room for […]