E Soybean Season Is Coming
As the calendar moves towards the end of March, the all-important US Planting Intentions report will be coming due. That will provide us an insight into the “intentions” of farmers when it comes to what crops they will plant this year. From that, we can get a sense of the total amount of acreage that […]
The Current Oil Price Rally Is Reaching Its Limits
Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily, as persistent oversupply and the prospect of new shale production caps any potential price increase. U.S. oil production has steadily lost ground over the past two quarters, with […]
Three Buy-Ranked REITs With Strong Fundamentals And Dividends
The Fed expects to raise interest rates only twice this year.That’s half the number of rate increases it originally expected to make in 2016.The reduced number of anticipated rate hikes is largely due to the fact that there are international economic concerns which can negatively impact growth in the United States. As interest rates stay […]
WTI Crude Oil Price Forecast: Could It Be That Easy?
Could it happen again? The move higher in WTI Crude Oil, a 61% rally off the February 11 low, has been mind numbing. Quarter after quarter, we have seen arguments about why the price of oil will likely not rise, but over the last month what we have seen the price of oil do, is […]
Aussie Banks Under Pressure, USD Up, Oil Prices Down
U.S. equities showed losses overnight as fresh declines in oil prices pushed Asia markets lower Thursday morning. Concerns the Federal Reserve may hike interest rates sooner than expected kept prices down. According to a representative at Mizuho Bank, “Expectations of an earlier Fed tightening are now seeping through markets, albeit at a slow pace with […]
2 Stock Market Indicators At Critical Levels
Last year, in July, an important trend change took place. Volatility exploded in all markets, certainly stocks and crude oil, leading to huge losses in very short periods of time. Since then, key indicators for stocks have been the volatility index VIX and crude oil, as explained here. On the chart of the S&P 500, we clearly see […]
Why Oil Prices Are About To Plunge Again: 31 Million Barrels In Floating Storage Are Coming On Shore
One week ago, we wrote that as a result of the collapsing crude contango, oil tankers (such as the fully loaded Distya Akula which has been on anchor in the Suez Canal for one month unable to find a buyer for its cargo so it continues to wait) “will soon have to unload their cargo”, in the […]
Crude Oil Pulling Back From The Highs
US Inventories continue to build up, but demand for gasoline see’s a big jump. WTI Crude Oil prices fell -3.6% yesterday after posting a solid five consecutive weeks of gains which saw prices trade near a 15-week high at $42 a barrel. Prices retreated off the 15 weeks high as the EIA’s Crude Oil inventories […]
The Case For Staying Tactically Bearish On USD – Credit Suisse
Recently, the US dollar has enjoyed a recovery, with some hawkish Fed speak for a change. However, the team at Credit Suisse still sees the downside: Here is their view, courtesy of eFXnews: The sequence of volatile market reactions to central bank policy easing initiated by the BOJ and furthered by ECB had an eventful third […]
Defensive Stocks & ETFs For Portfolio Protection
Stocks have rebounded nicely off their February 11 lows and many are now almost break-even for the year. The sharp sell-off seen earlier this year was driven largely by fears of a US recession and global deflation. The recent economic data in the US has mostly been better than expected, showing recession fears were overdone. […]
