Markets are currently assuming that oil prices are capped right now and that with increased shale production in the US, we’re unlikely to see higher prices anytime soon. The Story of Low Oil Prices All we’ve heard from the financial news are stories about a glut of oil inventory, Puplava noted, based on the boom…
If you have been following Bed Bath and Beyond (NASDAQ: BBBY) stock over the last few years, you know that investors have not treated the stock well. The stock price has been trending down since mid-2015 and since mid-2017, the price has essentially been flat. Most of this is due to the fear of Amazon. If…
The Bitcoin price suddenly broke higher this morning in what crypto watchers are describing as a very strange sudden increase. On one hand, it looks like a chart technician correctly called for a bullish breakout, while on the other, some are crediting the sudden surge in the bitcoin price to the declaration that cryptocurrencies are…
After two consecutive soft auctions, in the form of Tuesday’s mediocre 3Y, and yesterday’s very disappointing 10Y reopening, moments ago the US treasury sold $13BN in another 30Y reopening, which however saw a notable pick up in buyside demand, stopping at a high yield of 3.044%, stopping through the WI of 3.045% by 0.1 basis…
Based on Columbus, OH, L Brands (LB – Free Report) is a retail company with Victoria’s Secret, PINK, Bath & Body Works, La Senza, and Henri Bendel included in its brand portfolio. LB operates over 3,000 company-owned specialty stores throughout the U.S., Canada, the U.K., Ireland, and China, as well as more than 800 franchised locations worldwide. The…
Year-over-year import and export price inflation moderately grew. Analyst Opinion of the Import / Export Price Situation Because of backward revisions – the year-over-year import and export prices were little changed from where we thought we were last month. Import Oil prices were down 0.6 % month-over-month, and export agricultural prices were up 0.6 %….
Stocks and ETFs follow the same code in the market same as the rest of financial instruments like Forex. Every 5 waves impulsive structure is followed by a technical corrective sequences which come in 3-7-11. At the end of the corrective sequence, usually, the instrument will resume the move within the main trend or at least correct…
Today we’re discussing another take relative to the fact that world powers like Russia & China are hoarding tons of silver – but the US is also in our banking system. Why is JP Morgan all over this hedge? Could this mean a silver-backed currency really might be in the near future globally? Video Length:…
In the current discourse, there seems to be some amnesia with respect to when tax cuts occurred, why they occurred, and how they affected Federal budget deficits. Here is some data (read comments to this post. Figure 1: Federal budget balance as share of GDP (blue), cyclically adjusted budget balance as share of GDP (red), June 2017 estimates. NBER…
OPEC’s April monthly report was released this morning and unveiled more of the same: expectations of rising global demand (which will soon be dented as global growth fizzles, impacting the need for commodities, especially in China and EMs), coupled with declining production by OPEC producers (really Venezuela whose oil output is collapsing as the insolvent, hyperinflating state…
