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WTI/RBOB Extend Gains After Surprise Crude Inventory Draw

WTI/RBOB Extend Gains After Surprise Crude Inventory Draw

WTI/RBOB prices spiked today on OPEC chatter about how well they are doing, and extended those gains after API data showed a surprise crude draw (3.25mm build expected) and bond gasoline and distillates saw draws. API Crude -2.739mm (+3.25mm exp) Cushing +1.644mm (-200k exp) Gasoline -1.063mm Distillates -1.926mm After 6 of the last 7 weeks showing builds, […]
4 Tech ETFs That Tumbled Most On Facebook Data Scandal

4 Tech ETFs That Tumbled Most On Facebook Data Scandal

The social media giant Facebook (FB – Free Report) saw the worst day in nearly four years as its shares tumbled 6.8% on Monday trading session and wiped out $36.4 billion from the company’s market value. The steep decline came as the data breach reports sparked concerns over how Facebook manages third-party access to user data. The […]
Just An Average Sell-Off For Now

Just An Average Sell-Off For Now

So far this sell-off that has lasted six of the last seven trading sessions has been anemic at best. That stat is of course assuming that SPX finishes lower on the day, which it has been vacillating between positive and negative territory. Nonetheless, the volume today is one of the lowest readings of 2018. There […]
Stocks Fall As February Economic Data Has Been Weak

Stocks Fall As February Economic Data Has Been Weak

Stocks Fall Sharply On Monday There was a steep decline on Monday, which pushed the S&P 500 towards the lower end of the range it has been in for the past few weeks. The S&P 500 was down 1.42% and the Nasdaq was down 1.84% because Facebook’s 6.8% decline dragged it down. Even though the market doesn’t […]
Key Indicators Growing…

Key Indicators Growing…

“Davidson” submits: Chemical Activity Barometer(CAB) is reported at 121.19 which represents a short pause after strong period of rise. The CAB, introduced in 2012, is not well known. It has been calculated to 1919 showing it to be an excellent indicator of economic factors influencing market prices. Shown are the CAB correlations to Temporary Help […]
Betting Against The Flows

Betting Against The Flows

Money flowed into passive investment vehicles at an ever-increasing rate in 2017. It was a record year for these products designed to replicate a stock market index and agnostically own a basket of securities without discretion. As investors who build our portfolios from the ground up through careful security selection, we think the ramifications of […]
L Brands: Pay Current Earnings, Get 3 Free Options To Solid Growth

L Brands: Pay Current Earnings, Get 3 Free Options To Solid Growth

Summary At below $40/share, L Brands is trading at about current earnings power value. There are real risks, including a permanent impairment of the Victoria’s Secret brand. There are also ample opportunities for earnings growth: continued strength at Bath & Body Works (the main contributor to earnings in 2017), a “back-to-normality” at Victoria’s Secret and […]
Societe Generale Upgrades Constellation To Buy On U.S. Beer Gains

Societe Generale Upgrades Constellation To Buy On U.S. Beer Gains

Societe Generale analyst Andrew Holland upgraded Constellation Brand (STZ) to Buy from Hold and raised his price target for the shares to $265 from $234. The stock in afternoon trading is up $1.59 to $227.94. Constellation is growing faster than most of its more diversified peers due to its ability to gain share in the […]
Saudi CDS Jump As Economic Crises Continue To Loom

Saudi CDS Jump As Economic Crises Continue To Loom

The last few days have seen CDS rise across the middle-east, as Saudi Arabia’s domestic crises which prompted the reform drive will continue to stifle Riyadh’s progress in the Vision 2030 project launched by Crown Prince Mohamed Bin Salman, according to the Financial Times. For the first time since July 2017, Saudi credit risk is higher than […]
The Erosion Of The Middle Class Marks The End Of The American Dream

The Erosion Of The Middle Class Marks The End Of The American Dream

iStock.com/Devonyu Does the Middle Class Still Exist? Many Americans, who describe themselves as Democrats or the Left, continue to chase Russian ghosts. It must hurt less to project the cause of trouble on an external enemy than it does to look for the real cause of the problem at home. They are especially pleased about […]