November 30, 2016 | Daily JAM, Morning Briefing |
Yesterday I wrote that the financial markets’ reaction to whatever came out of OPEC’s meeting today would depend on how weak or strong the agreement to cut production was. Well, the actual agreement announced today to cut oil production was far stronger than expected. That surprise sent oil markets soaring today with U.S. benchmark West Texas Intermediate up 8.34% to $49.00 a barrel. The Brent benchmark rose 8.82% to $50.47 a barrel.
November 29, 2016 | Daily JAM |
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November 29, 2016 | Daily JAM, Morning Briefing, Short Term |
The second revision to U.S. GDP growth in the third quarter was the charm. The U.S. economy grew at a 3.2% annualized rate in the the three months that ended in September, according to the Commerce Department. That was ahead of the 2.9% growth reported in the initial estimate and above the 3% growth rate that economists surveyed by Bloomberg were expecting.
November 28, 2016 | Daily JAM, Short Term |
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November 28, 2016 | Daily JAM |
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November 28, 2016 | Daily JAM, Morning Briefing, Short Term |
Now Wall Street is talking about language. That isn’t a vote of confidence that OPEC will be able to agree on meaningful cuts to production at its November 30 meeting.
November 22, 2016 | AMZN, Daily JAM, SFTBY, VZ |
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November 22, 2016 | Daily JAM, Morning Briefing, Short Term |
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November 21, 2016 | Daily JAM, Stock Alerts |
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November 21, 2016 | Daily JAM |
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November 21, 2016 | Daily JAM, Morning Briefing, Short Term |
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November 19, 2016 | Uncategorized |
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