It’s not getting much airplay, but on Friday, a rather important factor to the incessant U.S. financial asset bid expired. According to Bloomberg’s Brian Chappatta, Friday was the last day U.S. corporations could deduct pension contributions at the 2017 corporate tax
September 18, 2018
WTI prices rebounded back above $69 today after Saudi headlines and inched higher still into the API print. However, prices slipped lower after crude inventories saw a surprise build of 1.25mm barrels (vs expectations of a 2.5mm draw). API Crude +1.25mm (-2.5mm
It looks like there is a good chance for better times for copper. Look at the chart below: Source: Simple Digressions and the COT data Note that now the so-called commercials, mostly copper producers, hold a net long position in
The much anticipated and some would say, over expected, tariffs were announced after the US markets closed yesterday (Monday). The Dow had already dipped over 100 points, whilst the Nasdaq closed 1.5% lower. It is often the case in markets
“It could be argued that we are now in the midst of a coup d’état in slow motion. Democracy is weakening; few people would disagree. Corporatism is strengthening; you only have to look around you. Yet none of us has
Industrial Production Growth Is Solid Since industrial production is a hard data report, it will settle the score on whether manufacturing growth was strong. I was unsure of the situation in August because many soft data reports conflicted with each
Data Courtesy of Trade Alert
Well, for our latest Total Waste Of Time, may I present to you the past twenty-four hours: A lot of trade war excitement and then…….a total reversal. In a rational world, the only explanation for the above would be that
With under two weeks left to go in the quarter, Q2 2018 is shaping up to be a good one for US equities. Of the 500 stocks in the S&P 500, their average gain so far this quarter is 5.7% with
(Audio length 00:09:48) With all the US markets up around 1% on a day when the tariff picture is escalating is another example of how these markets continue to be looked at the safest place to put money. We all
