Oil was crushed about 8.5% yesterday following a rise in inventories. As noted oil just had its biggest gain in six years, gaining 19.5% in four days for a myriad of reasons including a vastly oversold market, lower rig count and statements from OPEC suggesting...
I think the world is evolving into a state of anarchy, the direct result of the Administration abandoning the 70 year unspoken role of global policemen for political expediency....
For the first time in many weeks, I can write there was little to discuss about yesterday’s trading....
Friday the Greece finance minister stated it will not seek an extension of its bailout agreement declaring “we don’t plan to cooperate with that [Troika of the official creditors] committee.” If neither the ECB nor Greek blinks as the ECB has adamantly stated Greece is...
I am happy to see January over. It was a tough month, in my view one of the toughest months since 2008-09. Was January the culmination of difficult 7 or 8 months for as I look backwards, April or May was the last time the...
Stocks fell while the dollar gained on speculation the FOMC will boost rates this year as the economy strengthens. Treasuries rose and oil plunged under $45/barrel....
Several times during the past several weeks rhetorically asked how the rising dollar will impact results, conjecturally answering if history is of any precedence, negatively. Yesterday this conjectural question and rhetorical answer became reality. The rising dollar has impacted earnings, an impact that I don’t...
Will history look back at the past few weeks and remark how could so many miss the current environment? I have often opined the most obvious conclusions are those which are most likely to be ignored. I think I am an optimistic person who never...
Last week was one of significance given the action by the ECB. Tomorrow is the commencement of the two day FOMC meeting where many are expecting the US central bank to offer more guidance regarding the time table of a change in US monetary policy. ...
As expected the ECB expanded stimulus to combat slowing growth and the threat of deflation. Draghi, the ECB President, announced plans to buy up to 60 billion euros of government bonds ($69 billion) a month. The buying will continue through September 2016, amounting to a...