Now Is The Time To Own The Oil & Gas Leaders: Keith Schaefer
U.S. shale oil producers have responded to the oil price collapse so quickly, and with such discipline, that they’ve shown they are able to turn production on and off as if with a light switch. As Keith Schaefer tells The Energy Report, that means it’s time to be nimble, and to keep small positions until oil finds […]
Another Perspective On Today’s Strong Housing Numbers
Following today’s better than expected housing numbers (See Housing Starts and Permits Surge Most in Seven Years) Doug Short at Advisor Perspectives pinged me with these comments. Mish – I started tracking these for the first time today – complete historical data. These are two of the noisiest series of all time. Take a look at […]
History Shows A Gold Bull Market Is Fast Approaching
Yearning for sunnier skies for your gold investments? How’s this sound… Gold in a decisive bull market, with the price steadily rising Silver soaring and outpacing gold’s gains Gold stocks rocking, erasing underwater positions and racking up the profits That’s not pie in the sky wishful thinking—it accurately describes the next stage of the gold […]
Goldman Sachs Warns Against Long-Term Oil Investments: Linn Energy LLC, Murphy Oil Corporation, Chevron Corporation
Goldman Sachs has downgraded its outlook on the oil sector from Neutral to Cautious in light of the deceleration of oil prices. Downgrades include Linn Energy LLC (NASDAQ: LINE), Murphy Oil Corporation (NYSE: MUR), and Chevron Corporation (NYSE:CVX) among others. Oil prices began to fall dramatically this summer, bottoming off just shy of $50 a gallon in January. The price […]
ECB Blames Leak To Hedge Funds On “Internal Procedural Error”
Shortly after 6pm London time yesterday, The ECB’s Benoit Coeure told a non-public audience of hedge funds in London that “the central bank would moderately front-load its purchases in its quantitative easing program because of the seasonal lack of market liquidity in the summer.” The reaction was a 50 pips drop in EURUSD… but this was inside […]
New Residential Building Permits Rise 10.1% In April
The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for April new residential building permits. The latest reading of 1.143M was well above the Investing.com forecast of 1.060M. Here is the opening of this morning’s monthly report: Privately-owned housing units authorized by building permits in April were at a […]
Stocks And Bonds Are Due For A Generational Crash Of 75%
From the point of view of history, a reversion to generational lows is inevitable, and a valuation level around 50% of GDP for stocks is a fair target. If we look back to 1981 valuations of stocks and bonds as a guide to valuations at the next generational low, we find stocks and bonds are […]
The Gathering Bond Storm In Chicago
Recently the bond rating company Moody’s Investor Service cut their ranking of Chicago to junk status. The move ticked off a lot of people in the Windy City who think Moody’s overstated the case. I agree that Moody’s is wrong… not because they went too far, but because they didn’t go far enough. Chicago is not close […]
The TJX Companies, Inc. Q1 Earnings, Revenue Beat Estimates
The TJX Companies, Inc. (TJX – Analyst Report) is one of the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The TJX Companies operates through four business segments. In the U.S., it operates through two segments, namely, Marmaxx (through stores under the names of T.J. Maxx and Marshalls) and HomeGoods. TJX has been […]
