After a 50 percent rally in oil prices between February and March, crude has retreated a bit as of late. The upcoming OPEC-Russia meeting in Doha looms over the markets, but few expect the outcome to have any material impact on supply and demand. Global supply still exceeds demand, but there are solid signs that…
Even with today’s 3% surge – the most in a month – on the heels of Unicredit’s CEO proclaiming that EU banks are “intensely” looking for fundin solutions, European banking stocks have collapsed for a 4th straight week for the worst losses since 2012. Following the brief exuberance after Draghi unleashed his latest bazooka – which…
We’ve been hearing for years now how this is supposedly, “the most hated bull market in Wall Street history.” In fact, it’s become such a popular meme that even USA Today picked it up this week and ran with it. The trouble is there is absolutely no evidence at all to support this idea. In fact,…
Wholesale inventories plunged 5% in the Census Bureau Wholesale Trade Report for February, released today. That’s not the worst of it. January was revised from +0.3% to -0.2% From the perspective of the original January report, wholesale inventories were down 1%. That’s a crash. Sales are no better. The Bloomberg Econoday wholesale consensus estimate for inventories was -0.2% in…
So the market gapped up again as usual this morning due to the Fed speak from last night. Any time the Fed opens her mouth the market can’t wait to rise. Flat futures became rocking futures even though the action from yesterday was quite bearish in nature for the very short term. Follow through for…
After being beaten down during the first three months of the year, biotech stocks made a remarkable rebound over the past few days. Though iShares Nasdaq Biotechnology (IBB) is still down 17% in the year-to-date frame, it posted an increase of 5.9% on Wednesday, witnessing the best percentage gain since March 12, 2009. In fact,…
Is there a connection between Human Freedom and a Gold Redeemable Money? At first glance it would seem that money belongs to the world of economics and human freedom to the political sphere. But when you recall that one of the first moves by Lenin, Mussolini and Hitler was to outlaw individual ownership of gold, you…
Joe McCann of Slingshot Insights joins me to talk Biotech stocks, the market, and his latest creation ForceRank. ForceRank is being called “Fanduel For Stocks” and is already live for real money. Audio Length: 00:37:53
Gold has spent much of the past couple months consolidating, vexing traders and bleeding away most of early 2016’s enthusiasm that catapulted the yellow metal higher. But this sideways grind has actually been a very impressive show of strength. Gold managed to hold its massive gains despite an incredible stock-market rally, which can really sap…
Gold needs a closing ABOVE 1254.50 to signal a rally. A closing below 1225 would warn of a decline. Between these two numbers is still neutral. In Silver we nee a daily closing above 1551 on a daily basis to signal a rally but a closing above 1531 today will keep silver in a neutral…
