Equites rallied as oil climbed to a 2016 high after Iraq’s oil minister said major OPEC and other producers will meet possibly next month is a new push to freeze output. US crude output also fell more than expected to the lowest level since October...
Equities ended moderately higher on earning optimism and a rebound in crude....
Equities extended their gains buoyed by improving Chinese data, better than expected earnings from a large money center bank and data that did not threaten the monetary policy....
Equities rallied as oil surged another 4% as it has been reported that Saudi Arabia and Russia has agreed on a production cap. The dollar also fell. Crude is now up about 10% for the year and over 60% from its mid-February lows....
Equities closed essentially unchanged as crude rallied about 1.7% to close over the psychological $40 mark. There were no major headlines for yesterday’s rise except a reiteration of next week’s OPEC/Russia meeting to cap production. The dollar fell to a nine month low....
I think most would agree the last 45 days the unexpected has occurred. The most unloved stocks are outperforming the most loved stocks (aka mega capitalized momentum growth issues) in the greatest equity reversal since 1933, the dollar falling to a 17 month against the...
Earlier in the week I referenced Goldman Sach’s report stating how the unloved stocks are out performing the most owned [and loved] stocks. Today I will reference a short interest article that has validated some of my arguments as to why the typical stock had...
Was the first quarter—more specifically March—a harbinger of things to come? Correlated moves---aka momentum trading—unwound to the lowest levels since 2012 and breadth, or the number of stocks advancing—came roaring back....
Equities were quiet with all assessing whether the six week rally is the “real thing” or just a dead cat bounce taking stocks too far too fast. The dollar halted a five day slide while Treasuries were little changed....
Where do I start? The last 30 days could be pivotal. Commenting first about the jobs data, in my view march’s employment report is something all could have been hoping for. Payrolls rose more than expected and the prior month’s data was revised higher. Over...