Category Archive: Finance
Peaking Oil Production
Oil prices are getting a wakeup call after a lowering of the US oil production outlook, a report of a major drop in US oil supply and a warning by S&P to oil majors cut to back more and reduce debt levels or face downgrades. The Energy Information Administration (EIA) is lowering the outlook for […]
USD/JPY, Gold At Key Levels As US Yields Threaten Pullback
Video Length: 00:10:46 The Bank of Canada meets today in what is the first major release of the week. The meeting carries significant interest, as rate hike odds have surged quickly over the past month. On June 9, there was less than a 10% chance of a 25-bps rate hike at the upcoming July meeting; […]
India Gold Imports Surge To 5 Year High – 220 Tons In May Alone
India gold imports in H1, 2017 greater than all of 2016 India imported 521 tonnes of gold in first half of 2017 H1 figure for gold imports $22.2 Bln versus $23 Bln in all ’16 Gold demand was up 15% year- on-year in the first quarter June gold imports climbed to an estimated 75 tonnes from […]
They Own 6% Of The Stock Market
There’s an under-the-radar reason why the stock market keeps rallying despite some mediocre economic numbers, constant “noise” out of Washington, and plenty of overheated valuations. And while it’s a bit hidden, it’s huge. In fact, it owned 6% of the U.S. stock market in the first quarter. And it keeps gobbling things up. It bought […]
Morning Call For Wednesday, July 12
OVERNIGHT MARKETS AND NEWS Sep E-mini S&Ps (ESU17 +0.20%) this morning are up +0.18% and European stocks are up +0.78% as energy stocks climb with the price of Aug WTI crude oil (CLQ17 +1.60%) up +1.62%. Crude oil rallied after API data released late Tuesday showed U.S. crude inventories last week fell by -8.13 million […]
Why Allocating To Cash May Not Be The Best Strategy
In my experience, a large majority of investor portfolios that I come across are strategically allocated anywhere from 1% to 10% in cash. Quite often the objective for this strategic cash allocation is to disinvest a fraction of portfolio beta and, therefore, reduce overall volatility. An allocation to cash makes sense—particularly to fund spending requirements over the short […]
Technically Speaking: Valuation Measures & Forward Returns
On the “Real Investment Hour” on Tuesday night, I addressed the issue of price versus fundamentals. In the short-term, a period of one-year or less, political, fundamental, and economic data has very little influence over the market. This is especially the case in a late-stage bull market advance, such as we are currently experiencing, where the momentum […]
Sensex Finishes Marginally Higher; HPCL & ONGC Surge On Merger News
Indian share markets finished marginally higher in the afternoon session as investors turned cautious ahead of consumer inflation data. At the closing bell, the BSE Sensex stood higher by 58 points, while the NSE Nifty finished up by 30 points. Meanwhile, the S&P BSE Mid Cap & the S&P BSE Small Cap finished up by 1.1% and 0.6% respectively. Gains were largely seen in PSU […]
Will Low Inflation Delay Fed Rate Hikes?
Fed funds futures are currently pricing in a low probability that the Federal Reserve will squeeze monetary policy at any one of the next three FOMC meetings (Jul. 26, Sep. 20, Nov. 1). The Sep. meeting has recently been identified by some analysts as the most likely date for another rate hike. But the futures market […]
Another Bearish Sign For Gold
Gold futures gained $8 between 10:30 and 11:30 a.m. Eastern time on Tuesday. The key question is: is this meaningful for the ongoing trend(s) or not? Stated differently, do we stick to our bearish forecast or did yesterday’s rise change anything in the bigger scheme of things? Since our last post It’s official: Gold price breaks down, gold […]
