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OPEC+ has a problem. The cartel currently comprised of 13 oil producing nations led by Saudi Arabia, along with at least 10 additional countries not part of the official cartel,...
Traders question whether equities have gone far enough OPEC+ extended production cuts, but will markets trust all cartel members Will the Fed talk up the economy or stimulus on Wednesday? Key EventsUS...
At $40 per barrel, theoretically only half of the Saudi budget will be funded by its oil and that won’t do for the kingdom. So, the House of Saud is doing what’s logical: pumping up the...
Stock markets are gaining momentum after emerging from the pressures of COVID-19. The result: investors, confident that the worst of the downturn is behind us, have shifted their attention to beaten...
Nonfarm payrolls unexpectedly added 2.5 million jobs, with official unemployment rate falling NASDAQ hits new all-time high, as Tech sector continues leading stocks—a troubling sign Oil nears...
With U.S. economic data showing strength and a growing roster of states re-opening their economies quickly after lockdowns, investors are anticipating another strong equity market rally in the coming...
Gold bugs got the same memo as everyone else: “Don’t Fight The Fed”. What no one told them was they had to tussle with stocks for the same money the Federal Reserve was freely...
E-commerce powerhouse Amazon.com (NASDAQ:AMZN) has rarely disappointed its loyal investors. On May 21, it hit a record high of $2,525, benefiting from the shift to online shopping during the COVID-19...
Last week, Twitter (NYSE:TWTR) took on the leader of the free world and President Donald Trump was not taking it kindly. The social media company determined that a pair of presidential tweets about...
It’s not an easy time to make an investment decision. Over the past two months, Wall Street and Main Street (aka the real economy) have been moving in opposite directions. While stocks keep...
US administration plans to block Chinese airlines flights NASDAQ futures hover near record close Gold decouples from dollar, yields Key EventsUS futures for the S&P 500, Dow Jones, NASDAQ and...
After a dismal May for natural gas, power burns from an America reopening from coronavirus lockdowns, as well as higher temperatures that require more use of air-conditioning, are giving a glimmer of...
Yields on Italian government bonds have had a roller coaster ride over the past few weeks as European Central Bank asset purchases kick in, with the ECB poised to increase its coronavirus stimulus on...
Just a bit over a month ago, Gilead Sciences' (NASDAQ:GILD) remdesivir antiviral drug looked like the big hope for coronavirus treatment. Investors went wild, putting a massive, knee-jerk bid on the...
The V-shaped recovery narrative persists despite an ongoing pandemic, grim economic data and protests in the US Despite risk-on, yields remian depressed, showing investor concerns linger Gold falls...
It was an unexpected run-up. But it also seems to have hit an unexpected bump. So, here’s the inevitable question: is silver’s rally over? Or is the slide of the past two days a mere blip...
The global markets have so far looked past demonstrations across the U.S. in response to the tragic killing of George Floyd in Minneapolis while in police custody on May 25th. The nationwide protests,...