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Crude Oil Backs Away From Fresh Highs On EIA Natural Gas Buildup 
                    
 

Crude Oil Backs Away From Fresh Highs On EIA Natural Gas Buildup  

Image Source: Pixabay WTI tumbled back below $81.00 on Friday, tested $81.50. The EIA reported a surprise buildup in natural gas reserves, clipping drawdown hopes. US Crude Oil productivity remains close to all-time highs. West Texas Intermediate (WTI) US Crude Oil hit a fresh high for the week early Friday before slumping back into negative territory […]
Three Things – Is A Stock Bubble Forming?

Three Things – Is A Stock Bubble Forming?

Image Source: UnsplashHere are three things I think I am thinking about:1) The Concentration of the Mag 7 is Both Good and Bad. In a recent piece I discussed the risk of concentration in the US stock market. It’s really amazing. Almost every day now the Magnificent 7 add hundreds of billions of dollars in market cap […]
Top Analyst Reports For Abbott, BP & Gilead

Top Analyst Reports For Abbott, BP & Gilead

Image Source: PixabayThe Zacks Research Daily presents the best research output of our analyst team. Today’s Research Daily features new research reports on 16 major stocks, including Abbott Laboratories (ABT), BP p.l.c. (BP) and Gilead Sciences, Inc. (GILD), as well as two micro-cap stocks Smith-Midland Corp. (SMID) and Crimson Wine Group, Ltd. (CWGL).The Zacks microcap research […]
US Bank Deposits & Money-Market Funds See Small Outflows As Stock Market Decoupling Hits Record High

US Bank Deposits & Money-Market Funds See Small Outflows As Stock Market Decoupling Hits Record High

Image Source: UnsplashOn a seasonally-adjusted basis, total bank deposits rose a tiny $2.1BN increase last week as money-market funds saw a $22.3BN outflow…Source: BloombergNotably, the MM fund outflows were dominated by a $30BN decline in institutional funds as Retail funds continued to see inflows (+8BN)…Source: BloombergOn a non-seasonally-adjusted basis, total bank deposits rose by 8BN (the third […]
Gold’s Completely Unsurprising Reversal And Next Steps

Gold’s Completely Unsurprising Reversal And Next Steps

Image Source: PexelsDid today’s decline in gold surprise you? It shouldn’t – during Thursday’s rally, gold moved to two resistance lines.And I sent out a special Alert indicating that this was actually a shorting opportunity. That’s my second position in gold in years, and we closed the previous one (it was a long position) profitably in […]
Gold Stocks Reloading

Gold Stocks Reloading

Image Source: UnsplashThe gold miners’ stocks have been grinding lower for a month now, sapping traders’ enthusiasm. But this is par for the gold-summer-doldrums course, what typically happens in June. This sentiment-rebalancing drift is quite bullish for this high-potential sector, reloading it for another strong surge higher. With their probable mid-summer bottoming nearing, traders have a […]
The $5.5 Trillion Option Expiration Could Change Everything

The $5.5 Trillion Option Expiration Could Change Everything

Image Source: UnsplashThere’s a lot talk about tonight. There are around $5.5 trillion worth of derivatives expiring as I write this – massive positions are coming off the books. That’s bigger than Japan, bigger than France – bigger than all but two world economies. That’s big.The SPX hit its $65 expected move, no sweat, this week.We’re […]
Stocks And Precious Metals Charts – Whether We Realize It Or Not

Stocks And Precious Metals Charts – Whether We Realize It Or Not

Image Source: UnsplashToday was the quad witching option expiration.Gold and silver were hit with a sharp reversal, giving back all their gains from yesterday.Wash and rinse.   What a surprise.Stocks were trading weakly.VIX continues wiggling around complacently.The Dollar gained a little of yesterday’s decline back.This upcoming presidential election is surreal.  Have a pleasant weekend.More By This […]
Why Does The S&P 500 Matter To The Middle East?

Why Does The S&P 500 Matter To The Middle East?

Image Source: PexelsExplore the expanding ecosystem of the iconic S&P 500 as S&P DJI’s Tim Edwards joins Cboe’s Sarju Gudka for a closer look at how and why market participants are putting the definitive gauge of U.S. large-cap equities to work in the Middle East.Video Length: 00:08:19More By This Author:Tracking The Emerging Market Yield Landscape With […]
Crude Pops, Gold Drops, Crypto Flops As Nvidia Suffers Worst Week In 2 Months

Crude Pops, Gold Drops, Crypto Flops As Nvidia Suffers Worst Week In 2 Months

Image Source: UnsplashThe biggest ‘quadwitch’ ever saw a tight trading range outside of the open and the close.A chaotic start – as $3 trillion notional options expired on the open – left stocks to tread water for much of the day (even as bond markets suddenly gave a shit about flash PMIs), until the volume exploded into the close.It […]