Commodities are in a world of their own: We’re entering the age of Under supply
The rules of the commodity game have changed, it’s all about supply In it’s Q1 earnings call yesterday, this is what energy giant Shell had to say when asked if…
Round up of today’s market news
North American News Fear dominates financial markets Risk aversion took over financial markets at the beginning of the week. Global stocks edged lower, while government bond yields soared during European…
How Powell blew it
Wednesday’s performance didn’t accomplish any goals Last Wednesday, Federal Reserve Chairman Jerome Powell said he wanted to speak directly to Americans and began by saying: “Inflation is much too high…
Round up of today’s market news
North American News The S&P and NASDAQ close lower for the 5th consecutive week A bad week for US stocks after earlier gains Week ago today, the month of April…
This Is What Deleveraging Looks Like
Everything is being sold What we’re seeing in markets is a landscape where no one wants to hold excess stocks or bonds. Cash is king and the US dollar is…
Headline trading is back
There’s no need to guess at what’s coming The Fed trade underscores the importance of waiting for the news There’s an industry built around guessing what will come next but…
Round up of today’s market news
North American News Reality Check On Recession.Wall Street Plunges Dow down 1000 points. Nasdaq down -5% Twenty-four hours ago, the markets were looking forward to a corrective move higher after…
Why wages can rise without sparking inflation
Wages are a smaller part of the cost structure than historically There’s no doubt that US prices are rising and that the jobs market is tight. Those are the two…
Round up of today’s market news
North American News US stock markets rip higher as Powell rules out 75 basis point hike Closing changes for the main North American equity markets S&P 500 up 122 points…
FOMC statement from the May 2022 meeting: Fed hikes by 50bps
FOMC statement May 2022 meeting Although overall economic activity edged down in the first quarter, household spending and business fixed investment remained strong. Job gains have been robust in recent…
What’s priced in for the FOMC
A look at what fed fund futures are forecasting When it comes to the Fed, the focus is far-too-often on the upcoming meeting and not enough on subsequent meetings and…
Round up of today’s market news
North American News Major indices close higher for the 2nd consecutive day Modest gains in the major indices today The major US indices are closing higher for the 2nd consecutive…
Is the era of cheap US natural gas over?
$8 gas today is boosting power prices as well It’s hard to believe we’re seeing $8 US natural gas. Henry Hub pricing hit a new high today and you have…
Round up of today’s market news
North American News Stocks are rebounding into the close NASDAQ now up over 1% With less than 30 minutes left until the close, the major US stock indices are now…
It’s a good time to remember some wisdom from Druckenmiller
Don’t be a pessimist “Bulls make more money than bears. Being an optimist about life is a great attribute as an investor.” Markets are in a bad way at the…
Round up of today’s market news
North American News Closing levels: Stocks puke into the close. Nasdaq falls to the lowest in a year Closing changes for the day, week and month The old adage is…
Is US housing headed for a U-turn? Here’s what Home builders have to say
A look at commentary from home builders and reno stores Interest rates are a powerful tool and they’re on a collision course with the red hot US housing market. A…
Round up of today’s market news
North American News In the US stock market today, the major indices all closed sharply higher The Dow rose 614.46 points or 1.85% at 33916.40 S&P rose 103.52 points ro…
Bitcoin: buying the dip and ready to hold
Bitcoin has been helped by the US stock market, where buyers have stepped up on the S&P500’s decline in the February and March lows. Bitcoin found buyers’ support Wednesday morning…
Round up of today’s market news
North American News US stocks close mixed. NASDAQ down modestly. S&P up Sharp declines from yesterday see a modest rebound in the S&P and Dow A day after the Dow…