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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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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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