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U.S. Inflation: A Case Of High Anxiety?

U.S. Inflation: A Case Of High Anxiety?

There is no doubt that inflation fear has reared its ugly head early in 2018, impacting the money and bond markets in rather noteworthy fashion. Some key headline-grabbing measures, such as wages and the Consumer Price Index (CPI), have come in above consensus forecasts to start the year, fueling a case of high anxiety for the fixed income […]
Disclaiming An Inherited IRA

Disclaiming An Inherited IRA

I know, I know – who would want to disclaim an inherited IRA, right? Well, it happens a lot more often than you think – for many reasons. An individual may disclaim an inherited IRA to keep from loading one beneficiary’s estate with too many assets. Or maybe to even things out, make it more […]
Japan And China Just Closed February On A Sour Note

Japan And China Just Closed February On A Sour Note

Well, it was a tough day for some Asian markets. Between Jerome Powell’s “hawkish” testimony on Capitol Hill and some not-so-inspiring data out of Japan and China, conditions were ripe for a lackluster session to close out what was a truly tumultuous month. You can’t depend on this Chinese data because it’s likely distorted by […]
Morning Call For Wednesday, February 28

Morning Call For Wednesday, February 28

OVERNIGHT MARKETS AND NEWS Mar E-mini S&Ps (ESH18 -0.06%) this morning are down -0.01% and European stocks are down -0.40% on Chinese economic concerns after the China Feb manufacturing PMI fell more than expected to its slowest pace of growth in 1-1/2 years. Chinese copper demand concerns are undercutting mining stocks and leading losses in the overall market as Mar […]
It Takes Powell To Convince The Market That Yellen Was Right

It Takes Powell To Convince The Market That Yellen Was Right

Many market participants think they heard Fed Chair Powell give a fairly strong signal that he favored a more aggressive course. The implied yield on the December Eurodollar futures rose five basis points to 1.535%. The December Fed funds futures contract rose three basis points.   The market moved not to pricing in a fourth hike this year, […]
Crude Oil Prices Rise As Inventories Decline

Crude Oil Prices Rise As Inventories Decline

Crude oil futures were seen erasing some previous gains to turn higher last week. The turnaround came on Thursday after the weekly crude oil inventory report showed a larger than expected draw on stockpiles. Data from the Energy Information Administration (EIA) showed that crude oil stockpiles fell by 1.6 million barrels. This was against the estimates […]
Futures Rebound As Global Stocks Slide After Powell “Hawk Shock”

Futures Rebound As Global Stocks Slide After Powell “Hawk Shock”

Asian bourses and European shares fell after surprisingly bad Chinese PMI and Japanese econ data added to a perceived hawkish tilt in Fed policy emerging from Chair Powell’s testimony which weighed on global equities. Benchmark Treasury yields held near a four-year high and the dollar was steady after Tuesday’s jump. As a reminder, in addition to the […]
Bearish Case For Oil Prices Gets Stronger, Supply Surges

Bearish Case For Oil Prices Gets Stronger, Supply Surges

iStock.com/LIgorko Oil Prices Could Be Falling On the Back of Increasing Production Oil prices could be setting up to disappoint. If you own or are planning to buy oil stocks, be very careful. Over the last year, oil prices have rallied. Why? Because everyone seems to buying into the idea that there’s growth in the […]
US Business Cycle Risk Report – Wednesday, February 28

US Business Cycle Risk Report – Wednesday, February 28

Jerome Powell, the newly installed chairman of the Federal Reserve, advised in his public debut as head of the central bank that “there’s always a risk of a recession at any point in time, but I don’t see it as at all high at the moment.” Instead, he told the House Financial Services Committee that “I would […]
Israel Chemicals Help To Feed The World

Israel Chemicals Help To Feed The World

The basic materials sector includes thirteen industries all related to mining, making and delivering essential commodities. The basic material industries are: agricultural inputs; aluminum; building materials; chemicals; coal; copper; paper; silver; specialty chemicals; steel. Today I’m reviewing an agricultural inputs company, Israel Chemicals Ltd. It’s trading ticker symbol is ICL.  Israel Chemicals Ltd is a […]