Crude oil price plunges, Wall Street dances the contango, futures tank
Remember this word: contango. Investors need to get acquainted the meaning of this term this spring. Contango involves the pricing of crude oil.
crude oil prices
China, crude oil price dominate Monday’s Wall Street action
China trade talks optimism, crude oil price jump dominate Monday trading action on Wall Street as major market averages jump again.
OPEC keeps production cuts, crude oil tanks anyway
WTI crude below $50 bbl. on Thursday. Meanwhile, Federal Reserve holds the line on interest rate hikes. For now. Stocks mixed, but trending positive.
Risk On! French election Round 1 results ignite bulls
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.
‘Luck of the Irish’ fails Wall Street on St. Patrick’s Day
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?
Good news on jobs means bad news on interest rates
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.
Trading Diary: Friday’s yawn-inducing stock market action
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.
Wednesday’s oil smackdown continues in Thursday trading
Stocks try to recover, bonds continue to sink. The sky is falling for bullish investors. Or is it? Let’s check the McClellan Oscillator.
Wall Street: Stocks smash records as Trump Rally resumes
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?
Trump stock rally taking a break? Oil, financials pull back
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.
Wednesday stock market action feels like the Day of the Dead
Never Trump? Election uncertainty, oil price drop, another ambiguous Fed announcement leads to heavy selling across the boards in Wednesday Wall Street trading.
Tuesday’s Post-‘Great Debate’ stock trade down, up, sideways
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.
Trump vs. Clinton: The debate approaches, Wall Street quakes
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?
Stocks try to rally as oil, Fed policy, Trump gains weigh
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.
Smackdown on Wall Street: Bad News Bears back in business
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.
Oil soars, but Friday stocks succumb to the blahs. Rally over?
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 ...
Friday markets: Oil, stocks on the Road to Oblivion
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 ...
The dust settles on Wall Street’s latest Black Monday
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 ...
Wednesday’s markets: Obsessing on oil, UPDATE on the Fed
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 ...
Oil stable Tuesday, but PBOC credit action clobbers stocks
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 ...