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Posts Tagged ‘oil’

Let’s hear it for stability–thank goodness, so far today is dull on the U.S. market

No big moves. No major disruptions. No threats of meltdowns. Today has been a welcome breather, a bit of stability, for  market that's had more than its share of excitement this week. So far. It's only 1:30 p.m. in New York. And we could see selling or buying before the weekend. And stability today could […]

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5 smart, short-term moves while we wait for longer-term trends to resolve

Yesterday in my post "What do you do when the market is insane and you're not?" I argued that one of the dangers in a very volatile market with strong--and temporarily profitable--short-term trends is that we'll give in to the pressure to do something--and do something that will cost us money since we'll be late […]

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Today’s attempt at a bounce doesn’t hold–S&P 500 closes down in New York

This morning it looked like U.S. stocks would bounce from the drop of Monday and Tuesday--about 6% on the Standard & Poor's 500. As of 10:51 a.m. New York time the index was up 1.64% to 3182.08. But that has turned out to be the high of the day. By 12:18 p.m. the index was […]

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Commodities take another China hit–which gives us something else to watch for a bottom

Two Chinese companies have invoked force majeure clauses in their contracts to refuse delivery of cargoes of liquified natural gas and copper. Chinese buyers have also asked Chilean miners to postpone shipments and China's biggest oil refiner Sinopec Group is likely to ask Saudi Arabia to reduce crude shipments next month, according to Bloomberg. Invoking […]

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Persistent drip, drip, drip of smaller negative stories out of China today

No big bad news story from China this morning, but the news trend continues to emphasize the downside. For example, this morning a U.S. official said the U.S. is unlikely to extend a waiver allowing American firms to supply China’s Huawei Technologies with technology products critical to Huawei's smartphones and other telecom gear. Or, for […]

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A rally in tech shares disguises return to risk off trading

Shares of Apple (AAPL) climbed 0.21% to lead the Technology Select Sector SPDR ETF (XLK) higher by 0.40% as of 2 p.m. trading in New York. That helped disguise what is otherwise a return to the risk off trading of Monday after Tuesday's rally--although with smaller declines than on Monday. The Standard & Poor's 500 […]

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Saturday Night Quarterback says (on a Sunday), For the week ahead expect…

... nervousness. With the Federal Reserve locked in, seemingly, on an interest rate cut in July, and then strongly inclined to cut rates again in September, no one really wants to step out of this market. We're talking major stimulus for the economy and a major boost for stocks. But... Then there are the rising […]

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Disrupted Sector #2 in my Special Report 5 Sectors Facing Disruption: Oil

Each bit of news by itself argues for the disruption of the oil and natural gas sector. Together the two stories add up to a decade that will turn the sector topsy turvy. First, the story you've probably most familiar with since it produced such a big splash in the stock market on Friday, April […]

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U.S. dollar continues to climb, creating downdraft for emerging markets and oil, and supporting Treasuries

The U.S. Dollar Spot Index (DXY) is up again today, climbing 0.66% to 97.053. Since the index that tracks the dollar against six other major trading currencies bottomed for 2018 back on February 15, the dollar has gained 8.72%. The bulk of those gains are even more recent with the dollar up 7.76% against the […]

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U.S. stocks gently slide but VIX “fear index” continues retreat

If the market were inclined to sell off today, it could have found plenty of reasons. Under the heading of one-off scary stuff, I'd put: Continued tensions between the Saudis and just about everyone else over allegations--which look to be true--that the Saudi government ordered the murder (and dismemberment) of a Saudi journalist inside the Saudi […]

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