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Energy Transfer: Could The Popular Partnership Cut Its Distribution Again?

Energy Transfer: Could The Popular Partnership Cut Its Distribution Again?

Image Source: PixabayI’m a fan of oil and gas pipeline companies. They typically have much lower expenses than exploration companies because they only have to build and maintain pipelines rather than finding oil, drilling for it, constructing refineries, etc.Additionally, pipeline companies generally don’t care about the price of oil or gas. They get paid according to […]
Stocks End Higher As Implied Volatility Drops Following CPI Report

Stocks End Higher As Implied Volatility Drops Following CPI Report

Image Source: UnsplashStocks finished higher on the day, no surprise, given that implied volatility levels fell sharply from yesterday’s closing once the CPI report was released. The CPI report itself seemed pretty much as expected, and the inflation trends we have talked about remained unchanged. If there was a slowing in the overall trend, it wasn’t […]
Fresh Breakouts For S&P And Nasdaq

Fresh Breakouts For S&P And Nasdaq

Image Source: UnsplashBit by bit, the bearish thesis I had outlined in April is no more. Today delivered strong breakouts for the Nasdaq and S&P, although the Russell 2000 (IWM) still has some work to do.The S&P delivered a clean breakout on higher volume accumulation. A technician couldn’t ask for a better move. Now it’s up to the […]
Three Things – CPI, Davey Day Trader And Stagflation

Three Things – CPI, Davey Day Trader And Stagflation

Image Source: Pexels 1) CPI comes in softWednesday’s CPI report was a big relief for the Fed after 4 consecutive upside surprises. The key metric was core CPI which came in at 3.62% year over year vs last month’s rate of 3.8%. This continues the clear downward trajectory that was so dominant last year. There were […]
Silver On The Launch Pad, Eyeing Run To $40

Silver On The Launch Pad, Eyeing Run To $40

Image Source: Pixabay Gold steals most of the headlines, but silver has stealthily set itself up for a potential run to $40.After nearly 40 years in this business, I’ve read, listened to, watched, and talked with countless thousands of very smart people.I was reminded of the value offered by the best analysts when I started noticing […]
The Fed Will Stay Dovish

The Fed Will Stay Dovish

Image Source: Pixabay S&P 500 and Nasdaq Composite indices surged to record highs on Wednesday, building on their robust performance throughout 2024. The market rally was fueled by a U.S. consumer inflation report that came in lighter than expected. Investor sentiment improved as data showed a smaller-than-expected rise in consumer prices, boosting equities to new highs.The […]
Stocks And Precious Metals Charts – Soft CPI

Stocks And Precious Metals Charts – Soft CPI

The Consumer Price Index data came in soft to in-line this morning, which lit a fire under the bulls, who were eyeing the defensive short positions in the market with a gleam in their eye.And so the momentum and meme buyers were piling in, trying to grab a piece of the upward momentum which turned […]
Bitcoin rallies to $66,000 as inflation pressure eases

Bitcoin rallies to $66,000 as inflation pressure eases

Bitcoin (BTC) climbed to $66,400 on Wednesday after the April Consumer Price Index (CPI) showed signs of easing inflation pressures, according to data from CoinGecko.The US Bureau of Labor Statistics reported a decrease in the CPI to 3.4% year-over-year in April, down from 3.5% in March. Similarly, the core CPI, which omits food and energy […]
Markets Rip Higher, But Inflation Is Far From Dead

Markets Rip Higher, But Inflation Is Far From Dead

Image Source: Pexels The SPX was up around $58 just before the close today. The market loved the CPI numbers (I don’t see what there is to love about them; they came in as expected but 3.4% is still high) and took us right to the upper edge of the expected move.Now, if you remember, last […]
3 High Yield REITs With Safe Dividends

3 High Yield REITs With Safe Dividends

Image Source: Unsplash Income investors looking for high-yield stocks with safe dividends should take a closer look at Real Estate Investment Trusts, or “REITs”.The appeal of REITs is that they provide investors with the opportunity to profit from real estate, without the need to own property.At the same time, stocks with high dividend yields often carry […]