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At the time of this writing, S & P 500 futures hit limit down for the second time in a week. Last night’s mega sized neutron Federal Reserve bombing of the markets had little impact. All are attempting to digest the ceaseless ...

Did Iran back down? Did brinkmanship win again? Only history will answer this question. Perhaps the only certainty to write is the media/blogosphere is filled with official sounding but completely unsubstantiated reports. ...

Equities fell nominally as some are wary of escalation in tensions with Iran. Oil also declined believing that such any escalation will not impact supplies. Treasuries were essentially unchanged. ...

Perhaps today’s biggest question is whether or not Iran is a rational actor. To date the regime’s actions do not match their words. While I will not opine about the killing of Soleimani, the rhetoric from some in the US as well as...

Only history knows the ultimate outcome of the drone attacks. What is definitively known is oil instillations are not impregnable. That illusion was shattered just as past illusions of invincibility such as the Great Wall of China and the...

Markets were quiet on light volume ahead of an earnings deluge, a deluge that includes some of the companies that have powered the rebound from its December lows. The oil market however was not quiet. Crude leapt to its highest level in almost six months...

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....

Yesterday oil fell as did equities as the correlation between the two is extremely close, a correlation that has been in existence for over 20 months. The catalyst for oil’s decline; Iran stated it will refuse to halt its planned output expansion and Saudi Arabia...

Equities rallied on the strength of oil. Oil advanced because of a partial OPEC/Russian production freeze commencing before March 1. Is this production freeze of significance or is such acknowledging that OPEC/Russian production cannot increase from current levels because of the lack of infrastructure spending?...