Remember this word: contango. Investors need to get acquainted the meaning of this term this spring. Contango involves the pricing of crude oil.
China trade talks optimism, crude oil price jump dominate Monday trading action on Wall Street as major market averages jump again.
WTI crude below $50 bbl. on Thursday. Meanwhile, Federal Reserve holds the line on interest rate hikes. For now. Stocks mixed, but trending positive.
For now, worried traders breath sigh of relief, as Dow soars over 200 points Monday in powerful rally with other averages. But crude oil fails to cooperate.
After a lousy quadruple-witching Friday on Wall Street, let’s all head out and do something more productive at the local pub, why don't we?
Stocks try to break out of prolonged slump, but dropping oil, precious metal prices don’t help. Fed interest rate hike now almost certain for the Ides of March.
Technically, stocks are ready for a nice oversold bounce, and soon. But Fear of the Fed is delaying the inevitable, so we’ve lightened up on stocks for now.
Stocks try to recover, bonds continue to sink. The sky is falling for bullish investors. Or is it? Let’s check the McClellan Oscillator.
Trump meets with, trashes media bigwigs (or not), claims New York Times scuttles meeting (or not). Stocks continue to climb. Crude oil soars. Any connections?
Some tech stocks like Apple (AAPL) finally get a bid. U.S. dollar hits 14-year high vs. basket of currencies. Incorrigibles continue to trash Trump victory.
Never Trump? Election uncertainty, oil price drop, another ambiguous Fed announcement leads to heavy selling across the boards in Wednesday Wall Street trading.
Pundits say Clinton won. Online polls give win to Trump. With oil down, tech and telecom stocks up, market averages resume their September yo-yo pattern with traders as divided in their opinions as America's electorate.
Another Maalox Monday for traders. Stocks waver, even as oil gets a big boost. Are pundits worried that big-money darling Hillary Clinton might lose to Donald Trump?
Dollar strength, poor Treasury auction weigh on commodities as shaky Wednesday trading tries to accentuate the positive. Gold, silver relatively stable. Trump making players nervous.
Oil price hit, interest rate uncertainty plus fears that Wall Street, Goldman Sachs and crony capitalist darling Hillary Clinton will lose 2016 election hit stocks, bonds hard.
WASHINGTON, April 8, 2016 – Both Thursday and today, the Maven has been lacking the inspiration to write really insightful stuff, although he hopes you enjoyed his extended Wednesday Pfizer-Allergan “fail” rant. Read also: Pfizer, Allergan inversion deal inverted by Treasury hacks Today the “oil production freeze” rumor mill was once again pumping more vigorously ...
WASHINGTON, December 11, 2015 – Oil and the Fed are both slamming the tape Friday morning on Wall Street as fresh declines continue to batter shareholders hanging on for dear life, waiting for the Santa Claus Rally to come back out of hiding. At this point, we wouldn’t hold our breath. Friday’s trading action is ...
WASHINGTON, Aug. 24, 2015 – At this morning’s opening bell, Wall Street went into instant crash mode, as the Dow Jones Industrials quickly shredded the record books by dropping over 1000 points in a New York second. In the back of your mind, you could just hear one of those old-time carney barkers spinning his ...
WASHINGTON, February 18, 2015 – We expected more action in Wednesday’s markets after a lackluster post-holiday Tuesday performance. However, it’s more or less like our favorite metaphor for boring days this morning—Waiting for Godot. Oil is slightly to modestly down this morning, which is strange enough, given this morning’s banner headlines about how market-timing guru ...
WASHINGTON, December 9, 2014 – Just when many of us were expecting at least a benign Tuesday trade, the Chicom central bank—(the People’s Bank of China, or PBOC)—which was thought to be loosening its grip on credit somewhat, actually went and tightened it last night without warning. To oversimplify, they largely accomplished this this by ...