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Stellar 30Y Auction Has First Stop Through Since June, Sparks Algo Buying Frenzy

Stellar 30Y Auction Has First Stop Through Since June, Sparks Algo Buying Frenzy

One month after an abysmal 30Y auction, and after 5 months of tailing 30Y sales, the mood was predictably downbeat ahead of today’s 30Y reopening of 29Y-11M cusip TV0, even though the concession was very generous thanks to the move wider in yields and which is why – contrary to conventional wisdom (captured in the […]
Silver Price Analysis: XAG/USD Struggles At 50-DMA And Slumps Below $23.00

Silver Price Analysis: XAG/USD Struggles At 50-DMA And Slumps Below $23.00

Image Source: Pixabay Silver price erased earlier gains and turned negative, down 0.30% following a softer US inflation report, which initially bolstered XAG/USD prices. Nevertheless, as US Treasury bond yields pared its losses, the grey metal lost its shine. The XAG/USD is trading at $22.74, retesting a two-month-old support trendline.Silver remains neutral to downward bias, at the […]
Boeing Receives Another Big Order From Avolon

Boeing Receives Another Big Order From Avolon

Image Source: Unsplash Boeing Co (NYSE: BA) says it has received another big order from Avolon – an Irish aircraft leasing company. Its shares are up nearly 1.0% at writing. How many planes did Avolon buy? On Tuesday, Avolon placed an order for 40 of the multinational’s 737-8 Max planes.The aerospace giant had received a similar-sized order from […]
Softs Report – Tuesday, Dec. 12

Softs Report – Tuesday, Dec. 12

COTTON General Comments: Cotton closed higher again yesterday in response to the US WASDE reports. The domestic estimates showed a decrease in production and a smaller decrease in demand for ending stocks of 4.10 million bales. World data showed a slight increase in ending stocks to 82.4 million bales. The export sales report was positive […]
Recession Watch: Forget About That Soft Landing

Recession Watch: Forget About That Soft Landing

Americans have spent the past few years putting ever-bigger parts of their day-to-day lives on plastic. And now the stats are brutal: Total credit card debt recently pierced $1 trillion while personal interest expense has gone parabolic.Credit card usage, as a result, has dropped back below pre-pandemic levels: Meanwhile, default rates on credit cards are […]
November’s Surprising Sector Winner

November’s Surprising Sector Winner

Image Source: Unsplash If you asked the typical investor which two sectors led the charge in November’s big stock rally, few would come up with the right answer.The sector everyone would assume correctly that led the pack is technology, with a 13% gain. But the second sector—with a 12% rise—would not only come as a huge […]
Small Business Sentiment Mixed Under The Hood

Small Business Sentiment Mixed Under The Hood

The NFIB unveiled its latest look at small business sentiment early this morning. The headline number remains in the bottom decile of its historical range, falling 0.1 points to 90.6 in November. That is compared to expectations which called for the number to be unchanged last month. Across the categories factoring into the index, breadth […]
Most Active Equity Options For Midday – Tuesday, Dec. 12

Most Active Equity Options For Midday – Tuesday, Dec. 12

Top Tickers: TSLA, AMD, NVDA, AAPL, ORCL, AMZN, META, GOOGL, MSFT, PFE, JBLU, NIO, AMC, SOFI, SIRI, PLTR, LYFT, AVGO, BAC, INTC. Data Courtesy Of Trade Alert  More By This Author:Most Active Equity Options For Midday – Monday, Dec. 11Most Active Equity Options For Midday – Monday, Nov. 13Most Active Equity Options For Midday – Monday, Nov. […]
Inflation Comes In Hotter, As Core Categories Accelerate

Inflation Comes In Hotter, As Core Categories Accelerate

Investor sentiment is uncertain following this morning’s stronger-than-expected CPI data as market participants wait to see if Fed Chair Powell’s comments and the revised Summary of Economic Projections (SEP) spread holiday cheer tomorrow or embolden the Grinch. A SEP that is consistent with investors’ expectations for five rate cuts in 2024 will likely drive equities […]
Call The COPs

Call The COPs

Image Source: Unsplash Energy has been pretty much the old good sector for shorting in recent days, and I’ve mentioned SLB and COP ad nauseum, including yesterday.Below we can see COP getting zapped nicely today, with a price gap and a trendline failure. Next step: break the horizontal at 109.71 More By This Author:Macy’s Parade FloatSunday Chart StrollPondering Bonds