Natural gas prices started the week off with a modest rally, something that has not been seen for awhile in this steady grind lower. The April contract settled up around a percent on the day before continuing a bit higher
March 26, 2018
Looking at this week’s Commitments of Traders Report, notable changes include rising net speculator positions in the Japanese yen, British pound and Australian dollar. US dollar net positions also fell significantly this week. While crude oil remains at a bullish
Amid a collapse in the crypto space and under investigations over its ICO, Overstock’s (OSTK) share price is tumbling after-hours – near 6-month lows – after announcing a new offering of 4 million shares. As of March 12th, Overstock had
What a topsy-turvy world we live in thanks to Fed nonsense. Consider the outgoing NY Fed president’s latest brainchild. Outgoing New York Fed President William Dudley has a new proposal to mock. Dudley proposes paying bankers with long-term debt. Wall Street
Last week, U.S. equities suffered their gravest losses in more than two years. Fears of an impending trade war between the United States and China crippled markets, with the Dow suffering its worst week weekly loss since January 2016. These
While interest rates have risen over the past couple of years, it’s true that they are still well below the mean of the past 30 years. More importantly, however, the net change in key borrowing rates from this cycle’s lows
While the pundits are talking trade wars, Chinese officials are taking the latest US provocations in stride. Pressure on China’s trade practices are not new. The US has been complaining about intellectual property violations since Bill Clinton was President. China’s
Generally speaking, crude oil and the energy exchange traded fund XLE have a pretty high correlation. Since mid-February, that correlation has been breaking down. In mid-February, Light Crude Oil (WTIC) hit a low of $58.07 while XLE dropped to $63.99.
Nice market today! Things are definitely looking a lot better than last week. I don’t think we can declare a new uptrend quite yet though because the new 52-week lows are still a bit too elevated. In addition, the bullish
