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Market Commentary

»Posted by on Apr 4, 2019 in Announcements, Shop Talk, Uncategorized | 0 comments

Stocks are steady this morning ahead of President Trump’s scheduled meeting with Chinese Vice Premier Liu. Reports circulating show the U.S. will continue to keep punitive tariffs in place on China to help ensure they follow through with their promises. Traders might also be pausing a moment ahead of tomorrow’s monthly employment number. The consensus among insiders is that 160,000 new private-sector jobs were created in March. There’s some talk and debate that non-Manufacturing jobs may have pulled back a bit as the non-manufacturing purchasing managers index fell slightly in March from February. Which could create more headwinds than expected in employment numbers. These are jobs in the “services” sector i.e. retail stores,...

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Market Commentary

»Posted by on Apr 3, 2019 in Announcements, Shop Talk, Uncategorized | 0 comments

Stocks are higher this morning as the market responds to positive talks surrounding Chinese trade. Top U.S. trade representative Robert Lighthizer and Treasury Secretary Steven Munchin are meeting in Washington today with Chinese Vice Premier Liu and a delegation of representatives from China. Bulls are pointing to the fact we are another step closer to a resolution, still hoping President Trump and Xi could get together in May or perhaps earlier to iron out the final wrinkles and sign an official agreed upon deal. The S&P 500 has bounced back by nearly +22% from the December low, is currently trading at six-month highs and only bout -2% below all-time record highs set back in September of last year. There seems to be more signs that the global...

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Weekly Commodities Report

»Posted by on Mar 25, 2019 in Announcements, Shop Talk, Uncategorized | 0 comments

Weekly Commodities ETF Report: Crude Ends Week Higher as Global Growth Fears Undermine Demand for Oil Amid Supply Concerns; Gold Higher on Weak Economic Data From US, Eurozone March 25, 2019/in Top News, Weekly ETF Summary Report /by MT Newswires (MT Newswires) – Crude prices ended Friday’s session lower on concerns that the global economy is slowing, undermining the case for growth in demand for oil, but over the last five days prices rose, as supply fundamentals improved recently from concerted producer action as well as involuntary output cuts in Iran and Venezuela. The collapse of the Iran nuclear accord last year and placing of US sanctions on Tehran in November had mostly prevented a bulk of the country’s oil from reaching international markets....

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Market Update

»Posted by on Mar 22, 2019 in Announcements, Shop Talk, Uncategorized | 0 comments

Stocks are slightly lower this morning after posting a huge rally yesterday. I thought it was interesting to hear “Bond King” Jeffrey Gundlach’s comments about the recent Fed flip-flop from a tightening bias to an easing bias, essentially pointing to similarities of the Fed’s move back in 2007. Remember, we witnessed the Fed flip from aggressively increasing interest rates in 2004, 2005 and 2006 to almost spinning on a dime and easing 2007 with three quarter point cuts. We all know what happened after that… I should also note, the spread between three-month and 10-year Treasury notes has fallen below 10 basis points for the first time since 2007. The two maturities were last below that level in September 2007, a run of 3,009...

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New! Micro E-Mini Futures Coming Soon

»Posted by on Mar 12, 2019 in Announcements, Shop Talk, Uncategorized | 0 comments

We have the daily commentary below but thought we would start off with the announcement that you may or may not be aware of :New Micro Emini Futures https://www.cmegroup.com/cme-group-futures-exchange/micro-futures.html Stocks are steady this morning as bulls remain optimistic about U.S. and Chinese trade negotiations, as well as possible improvements in global growth during the second quarter of 2019. There’s been a few comments that China is perhaps starting to show signs of improvement following several quarters of deceleration. It seems that Chinese exports have finally started to improve. There also seemed to be more bullish optimism after hearing Fed Chair Jerome Powell’s comments on “60 Minutes” this past Sunday. In fact, I heard...

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Market Commentary

»Posted by on Mar 7, 2019 in Announcements, Shop Talk, Uncategorized | 0 comments

Stock bulls are trying to bounce back after three days of price pressure. The market seems a little jittery with no fresh news or headlines regarding Chinese trade moving further in the right direction. President Trump tried to help ease the markets concerns yesterday by saying the trade talks with China were moving along well, but he also commented that either a “good deal” or “no deal” will be done between the world’s two largest economies. With the trade now dissecting every detailed word, some believe this brought about a little uncertainty and fear. Rekindling thoughts that the U.S. could simply walk away from the table with no resolution or compromise. I personally don’t see that happening, but if the market wants to...

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