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The Commodities Feed: Oil Sell-Off

The Commodities Feed: Oil Sell-Off

Oil prices have sold off aggressively, dragged lower by the broader risk-off move and prospects of the return of Libyan supply. This recent weakness raises doubts about whether OPEC+ will increase supply in October as planned. depositphotos Energy – Libyan supplyOil prices sold off heavily yesterday and this pressure has continued in early morning trading today. ICE […]
Oil Fell To The Lowest Level Of The Year, Stock Indices Are Under Pressure From Weak Economic Data

Oil Fell To The Lowest Level Of The Year, Stock Indices Are Under Pressure From Weak Economic Data

At the end of Tuesday, the Dow Jones Index (US30) decreased by 1.51%, while the S&P 500 Index (US500) fell 2.12%. The NASDAQ Technology Index (US100) closed yesterday negative 3.26%. Stocks fell sharply on Tuesday, with the S&P 500 Index (US500) hitting a 2-week low and the Nasdaq 100 Index hitting a 2-week low. Tuesday’s drop in chip company stocks had a negative impact on the overall […]
Ripple will soon debut its RLUSD stablecoin, says Brad Garlinghouse

Ripple will soon debut its RLUSD stablecoin, says Brad Garlinghouse

Key Takeaways Ripple’s new stablecoin, Ripple USD, is in closed beta and set to launch soon. CEO Brad Garlinghouse has no interest in pursuing a US IPO due to SEC hostility. Share this article Ripple is on the brink of rolling out its US dollar-pegged stablecoin, Ripple USD (RLUSD), said Ripple CEO Brad Garlinghouse during […]
Top Medical Stocks To Hedge Against The September Effect

Top Medical Stocks To Hedge Against The September Effect

Image Source: PixabayWhile the Fed will likely cut interest rates in the coming weeks, September has historically been the most challenging month for stocks.Known as the September Effect, economic policy decisions and higher trading volumes following the end of the summer typically lead to this lackluster seasonality in the stock market.Often sought out for defensive protection […]
Daily Market Outlook, Wednesday, September 4

Daily Market Outlook, Wednesday, September 4

Munnelly’s Macro Minute…“September Starts With A Seasonal Slump In Sentiment, Stocks Sink” depositphotos US equities fell sharply Tuesday, replicating the sell-off seen at the beginning of August, marking the beginning of one of the seasonally worst months in markets. The S&P 500 sank more than 2%, the tech-heavy Nasdaq fell 3.25%, and the Dow slid 1.5%. Investors’ […]
GTLS: A Thinly Traded Opportunity With Plenty Of Downside Left

GTLS: A Thinly Traded Opportunity With Plenty Of Downside Left

Image Source: UnsplashHere’s a chart (GTLS) I’ve suggested many times, always with the proviso that it’s so thinly traded that it’s tough to get into it. So – – – another ship that’s sailing away (but has plenty of downside still). More By This Author:Semis Set For A Historic Crash Paint It Green One Sparked, The Other […]
Rates Spark: Bonds Rally On Risk-Off Sentiment

Rates Spark: Bonds Rally On Risk-Off Sentiment

Image Source: PexelsBonds rallied as risk-off sentiment dragged risk-assets lower. Significant euro and dollar issuance did not seem to prevent the decline in yields. Markets are already pricing in significant central bank easing and thus the front end of US and eurozone yield curves had less room to fall. Curves bull steepened as short end remained more […]
Eyes Wide Open

Eyes Wide Open

Image Source: PixabayStocks fell sharply on Tuesday, with the S&P 500 down more than 2% and the Nasdaq dropping 3%. These declines aren’t entirely unexpected, and some of the drop is due to the end-of-day surge we saw on Friday, driven by an end-of-month buy imbalance. By 10 a.m. today, the S&P 500 had erased all […]
US Bitcoin ETFs bleed $288 million post-Labor Day

US Bitcoin ETFs bleed $288 million post-Labor Day

Key Takeaways Fidelity’s FBTC faced a significant withdrawal, marking its second-largest since inception. Grayscale’s GBTC approaches $20 billion in cumulative outflows amid market challenges. Share this article ETF investors hit the sell button after returning from the Labor Day holiday weekend.US spot Bitcoin exchange-traded funds (ETFs) kicked off September trading with approximately $288 million in […]
Markets Sell Off As Labor Market Data Looms

Markets Sell Off As Labor Market Data Looms

Image Source: PexelsIt was a tough day for the market indexes. With jobs numbers looming later this week, market participants took a look at stock levels and decided they were too high. The Dow tumbled -626 points, -1.51%, while the Nasdaq shed -577 points, -3.26%. The S&P 500 and small-cap Russell 2000 were down -2.12% and […]