Following last week’s major surge in crude inventories, API reported a 2.6mm build (against expectations of a 3.1mm build) – 7th week in a row – which briefly jumped crude prices higher. A 319k draw at Cushing combined with draws in Gasoline (6th week in a row) and Distillates left oil pushing back to late-day highs. API Details:…
Janet Yellen thinks she wants inflation. The market thinks she’s going to get it: The hawks at the Fed are losing the battle but I suspect they will win the war – after Yellen gets what she wants.
On Monday, we saw that the GBP/USD major was continuing an upward hike, this being considered the direct reaction of last week’s sell-off from the 1.4480 thresholds. Also, in the absence of fresh information regarding the Brexit in correlation with a weak US start, the pound made its point on Monday. The trend went up…
Podcast: Play in new window | Play in new window (Duration: 13:15 — 6.1MB) DOW + 97 = 17,633 SPX + 17 = 2055 NAS + 79 = 4846 10 Y – .06 = 1.81% OIL – .90 = 38.49 GOLD + 20.60 = 1242.90 The Federal Reserve raised interest rates in December and indicated they would like four…
U.S. markets spiked after dovish statements by Janet Yellen. Video Length: 00:13:57
While the ECB and Bank of Japan are exploring negative interest rates, the US Federal Reserve is preparing us for a slow and cautious increase in short-term interest rates. Long-term rates remain at very low levels and inflation expectations have come under pressure and also remain below what they were a few months or years…
What is the better investment? Silver or Gold? Well, if we look at the following two charts below, we can spot some interesting trends. The U.S. Mint has been producing Gold and Silver Eagles for over thirty years now. Since 1986, the U.S. Mint has sold 21.7 million Gold Eagles versus 463.4 million Silver Eagles. The…
Separating out the most promising stocks from the entire sector, Tim Plaehn has discovered the top five business development companies with high yields to buy today. Each has a yield above 7% (the highest is 14.6%), ample cash flow to cover dividends, and great prospects for accelerating income. The first calendar quarter of 2016 produced…
The Chart of the Day belongs to Morningstar (Nasdaq:MORN). I found the investment research stock by using Barchart to sort today’s All Time High list first by the number of new highs in the last month, Then again for the best technical buy signals. Next I used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy…
Fed Chair Janet Yellen has it both ways—she continues to suggest U.S. economic growth is “solid” but says global growth is weak (China) hence, raising interest rates will be measured or slow. This is mana for bulls which then means bulls can play and so too can other markets. Since growth is slow, even in the U.S.,…
