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Market Commentary

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

Stock traders struggle to keep up with evolving global economic outlooks. Both Germany and China have recently released data pointing to further economic slowdowns. Germany, the EU’s largest economy, saw its economic output sputter in the second quarter, which many economists are blaming the “trade war.” Some are even saying the German economy has entered recession territory, which adds even more uncertainty to the European Union ahead of the upcoming Brexit and policial problems in Italy. In China, factory output has fallen and again economist are pointing to the trade dispute with the U.S. Fed dovishness has worked to some degree to cover-up the negative global economic sentiment. At the same time, the trade was hoping to see some type of...

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Market Commentary

»Posted by on Jul 24, 2019 in Announcements, Shop Talk, Uncategorized | 0 comments

Stocks bulls are happy to hear that trade talks with the Chinese will soon start back up as U.S. negotiators say they will be traveling back to China in hopes of finding more common ground. U.S. corporate earnings have also been a bit better than many had been forecasting. One traders analogy, was that a wall of massive clouds have been in the longer-term forecast for a while but the storms have just never fully developed. I would concur with that perspective. There’s been a lot of uncertainty and fear just out on the horizon but the clouds seem to break up as they move overhead. 4 Across the sea, Boris Johnson has been elected the new prime minister of the UK, with promises that he will get Brexit passed on October 31. Here at home, for the first and...

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Market Commentary

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

Stock bulls continue to pause. Last week both the S&P 500 and Nasdaq dropped -1.2%, the steepest weekly decline for the major indexes since the end of May. Fed officials are now in their “blackout period” until after their meeting next week and the market seems to have priced in at least a -25 basis point reduction in interest rates, with the trade giving about a 40% chance of a -50 basis point reduction in rates. But before we get to next weeks Fed rate decision, we have a massive wave of Q2 corporate earnings to chew on, including big names like Amazon, Boeing, Facebook and Google, as well as the highly anticipated U.S. GDP forecast on Friday. Most inside the trade seem to be thinking U.S. growth could have slowed to sub-2%. Keep in...

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Market Commentary

»Posted by on Jun 19, 2019 in Announcements, Shop Talk, Uncategorized | 0 comments

Traders are keeping a close eye on the Middle East. Iran released a statement that it would go above the agreed upon cap on its stockpile of enriched uranium in the next 10 days, which means they will breach the limits of the 2015 Nuclear Pact. The U.S. followed by saying it would send an additional +1,000 troops to the Middle East in response to “hostile behavior”. Keep in mind, we already have more than 20,000 U.S. troops in Afghanistan, Iraq and Syria, and last month the Pentagon deployed an aircraft carrier, a few warships, bombers and additional forces to counter what officials are saying is a growing threat from Iran. U.S. military officials said the additional troops will help provide security and intelligence in the region amid heightened tensions...

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Weekly Commodities ETF Report

»Posted by on Jun 11, 2019 in Announcements, Shop Talk, Uncategorized | 0 comments

(MT Newswires) – Crude ended Friday’s session higher after a bigger-than-expected increase in US inventories, which wiped out the prior week’s decline. The Energy Information Administration reported Wednesday that stockpiles of crude oil rose by 6.8 million barrels to 483.3 million barrels in the week ended May 31. This compares with the American Petroleum Institute, meanwhile, which said Tuesday that crude inventories grew by 3.5 million barrels. Finally, energy services firm Baker Hughes (BHGE) reported Friday that the number of oil rigs operating in the US dropped by 11 to 789 in the week that ended June 7, the fewest in operation since Feb. 2, 2018. The combined oil and gas rig count in the US fell by nine to 975 as gas rigs rose by two to 186....

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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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