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...
Notes You Need for May 4: Apple and Buffett, Argentina again, more from Musk and Tesla, Buffett and IBM, earnings growth exceeds expectations, U.S. rig count, return of FAANG
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don’t justify a full post. I’ve decided to start compiling these notes here each day in a kind of running mini blog that I’m calling Notes You Need. A representative item resembles this from today: “11:40 a.m.: Warren Buffett says Berkshire Hathaway has completely sold all its shares of IBM. At the end of the fourth quarter, Berkshire Hathaway held 2.05 million shares of IBM.”
Notes You Need for January 27: gold and the year of the rooster, inflation, yuan, China credit warning, U.S. oil rig count, Iran’s oil
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Download Jim’s eBook for Free
