Article Category: Oil

Bullish Price Action, Lackluster Data

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When the market collapses as it did during December, it’s usually a function of ETF and futures driven selling. Rather than going through the process of selling individual stocks, larger investors use these baskets of securities to effectively sell everything at once. This is especially true when we’re talking about short-term, algorithmic style trading.


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Posted in: Commodities Economy Global Growth Oil Sectors

Fed Helps Market Gain Traction

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I’ve been in the retest camp for some time now, expecting the market to plumb the lows from Christmas Eve, but the market has steadfastly moved higher. In part this is due to earnings coming in better than expected (and guidance not being as awful), but I also believe a lot of it has to do with the marked shift from Fed Chairman Jerome Powell.


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Posted in: Federal Reserve Inflation Market Breadth Oil PMI Data

Taking Stock of the Situation

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This is one of those tricky times when it appears that both data and price action are pointing in a multitude of directions. Let’s go over some of the key variables.

First, to set the stage, I think it’s important to note that peak economic growth is probably behind us for this cycle. Thanks to fiscal stimulus measures that should’ve been reserved for periods of economic weakness, but were instead used as afterburners, the U.S. economy reached an annualized growth rate of 4.2% in the second quarter.


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Posted in: Dow Theory Economy Interest Rates Oil PMI Data Yield Curve

Assessing Holiday Sales and the International Landscape

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With the holiday shopping season officially in full swing, early estimates suggest that the American consumer is both in good spirits, and good shape financially. Data from multiple sources suggests that holiday spending will far outpace last year’s results.

While no one knows for sure exactly where the numbers will settle, those with insight into spending remain optimistic. Mastercard projected that overall sales on Black Friday totaled $23 billion, which represents a 9% increase from last year.


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Posted in: Economy Global Growth Oil PMI Data Recessions

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