Completely and newly revised for the bear: Special Report How to Protect Your Portfolio Without Selling Your Portfolio
This Special Report was revised--extensively- on December 21. When I posted the first version of this Special Report back in November, the bear market was just a possibility--although a highly likely possibility--and my best projection on how the market would develop...
Saudis target U.S. for export cuts–the point seems to be reducing market information on stockpiles
Saudi Arabia has told U.S. refiners to expect far lower oil shipments beginning in January. The reduction seems to be targeted not at reducing global stockpiles but at reducing the visibility of those stocks piles. The United States reports the size of oil stock piles...
Markets worry about everything this morning–especially bank and energy stocks
I dare you to find something global financial markets aren't worried about. And, moreover, many of the worries are re-enforcing each other today. So, for example, we've got U.S. Trade Representative Robert E. Lighthizer, saying on Sunday TV the the 90 day trade truce...
OPEC cuts production by more than expected–but markets are increasingly less impressed as the day advances
To the surprise of many, OPEC & Friends--what's known as OPEC+--agreed to cut production by 1.2 million barrels a day beginning in 2019. This was a bigger cut than the 1 million barrels a day that commodity markets had expected. Oil prices and oil stocks initially...
OPEC agrees that there should be a production cut–but can’t agree on size or who will cut how much
Even in the current context where countries announce major agreements but no one knows what the details might be, OPEC's decision to announce a cut in production without any agreement on the size of the cut or who will cut production by how much stands out. There is...
OPEC & Friends takes another step toward cutting production
Saudi Arabia, Russia and other members of what is known as OPEC+ recommended a cut in oil production today. The group's meeting ended without an agreement on the size of the proposed cut. But Russia did agree to participate in the production curbs for six months...
Oil gains on Trump-Xi “success, Russia-Saudi “deal,” and actual production cuts from Alberta
As of 2:30 p.m. New York time U.S. benchmark West Texas Intermediate was up 3.04% to $52.48 a barrel. International benchmark Brent crude gained 2.84% to break back above $60 a barrel at $61.15. Part of the reason for the gain is a general sigh of relief that the...
OPEC advisory group recommends cut of 1.3 million barrels a day to December 6 oil cartel summit
It's only an advisory group with no decision-making power, but the recommendation from the Organization of Petroleum Exporting Countries Economic Commission Board is the first step in changing production policy at OPEC & Friends. Today the group told OPEC oil...
Oil markets today, Monday, suffered from massive uncertainty
Monday was quite a day on the oil markets as contrary stories battled for control of prices. U.S. benchmark West Texas Intermediate traded at $56.41 a barrel at 8:30 a.m.. By 10:02 it was in the red at $55.31. Then it moved back into the black at $56.51 at 11:10 a.m....
Saturday Night Quarterback says (on a Sunday), For the week ahead expect…
... volatility in asset classes that range from oil to stocks to the U.S. dollar, as traders and investors try to figure out how to "price in" a metric ton of macro uncertainty scheduled for the next three weeks. Enjoy turkey and family and friends the week because...
Are the Saudis angry enough at President Trump to push OPEC to bigger than expected production cuts on December 6?
This is important--if very, very speculative--if you're trying to figure out if OPEC will cut production by enough to end the oil bear market when it holds its regular meeting on December 6. Today Reuters is reporting that Saudi Arabia is extremely angry at U.S....Jim’s Stock Alerts
Download Jim’s eBook for Free
