Bulls Run As Goldman Oil Call Sparks Rally
If everyone is being honest, forecasting commodities prices further out than say six or so months is well nigh impossible. There are just too many inputs. That goes double for oil, the most financialized of all commodities. As I wrote last week, the market is now trading almost exclusively off crude. Sure, there are myriad…
Which Came First, The Fed, China, Or Oil?
Last September, Janet Yellen adopted the now famous ādovish relent.ā A little over three weeks earlier, China āshockedā the market with a āsurpriseā devaluation of the yuan. To be sure, no one should have been taken off guard. China is an export driven economy with a currency tethered to the dollar. As the dollar moved…
āCrudeā Reality: This Market Is Driven By Oil
Donāt kid yourself. It doesnāt matter who you are or what youāre trading, itās all about oil these days. If you donāt buy that, then have a look at the carnage that unfolded in January. Sure, some of it was attributable to the hangover from the first Fed hike in nearly a decade and the…
Taking Stock Of Oil As Saudi Arabia Ushers In A New Era
Taking Stock Of Oil As Saudi Arabia Ushers In A New Era As anyone who follows markets is well aware, oil prices have been a key determinant of broad market sentiment since late 2014 when the Saudis moved to drive the US shale complex out of business and secure geopolitical leverage by dealing a death…
Massive Market Divergence
Massive Market Divergence Massive market divergence in today's market action. We saw the FANG stocks - FB, AMZN, NFLX, and GOOGL get clobbered while the rest of the market was relatively stable. Keep in mind these are the 4 stocks that led the market higher. If these stocks aren't leading the way which stocks are…
Commodities Go Up
Commodities Go Up Commodities go up today with the dollar imploding. What you need to know about gold, oil, bonds, and stocks going into Friday.
Bonds and Stocks Relationship
Bonds and Stocks Relationship Another roller coaster day, but today finished positive. The bleeding has stopped temporarily. Is there more upside? After such a down move there is always that potential. Stocks went higher and bonds went higher. Does something have to give? It is not likely that we will see stocks and bonds continue…
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