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Market Commentary

»Posted by on Apr 16, 2019 in Announcements, Shop Talk, Uncategorized | 0 comments

Stocks are higher this morning as Chinese trade economic data continues to show signs of improvement. We will be digesting the latest Chinese GDP data tomorrow. I don’t think anyone is signaling an “all clear” as there’s still a ton of unknowns moving forward, but the global outlook has somewhat improved. Brexit headlines have subsided to some degree, but the problem certainly hasn’t gone away, and the Eurozone economies will remain a major question mark in the weeks and months ahead. Here at home, traders are turning most of their attention to U.S. first-quarter earnings season and possible challenges faced by shrinking margins. Seasoned traders and investors know that a tight labor market, rising labor costs, tighter margins and...

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Market Commentary

»Posted by on Apr 15, 2019 in Announcements, Shop Talk, Uncategorized | 0 comments

Stocks are trading near all-time highs and Tiger Woods wins his 5th Masters! All in the world is right again…at least for the moment. Remember, this is a short trade week with the markets closed for Good Friday ahead of the Easter holiday. Traders will be forced to digest a lot of headlines in a short number of trading days. We start today with the first official round of trade talks between leaders from the U.S. and Japan. The trade will also be keeping a close eye on continuing trade negotiations between the U.S. and China. Treasury Secretary Steven Mnuchin said over the weekend that he believed the United States and China were nearing the final stage of trade negotiations, moving closer to what he said would be the biggest change in the economic...

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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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