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It could well be time to short oil again.Last week, we expected oil to rebound toward $30, along with a rising flag. But conditions appear worse than we had anticipated after the commodity's...
Don’t worry about oil prices going to the teens. They already have, between Friday’s settlement and Monday’s open, in that black hole called electronic trading.As I write this, U.S....
The current million-dollar question: after the massive sell-off over the past four weeks, when will the market finally bottom out?The answer should be obvious: nobody yet knows. The rapid spread of...
Friday's stock pull-back signals strong investor uncertainty Traditional havens such as yields, yen, gold rise Economic data will begin pouring in showing coronavirus devastation, including...
It’s likely to be another roller coaster ride for stocks this coming week as investors weigh both positive and negative macroeconomic and geopolitical developments following a week which saw...
First, thank the Federal Reserve, the ECB and other global central banks for their response to the COVID-19 pandemic. Then, the U.S. Senate and lawmakers around the world. Finished? Now, say thank you...
Global carmakers are among the biggest industrial victims of the coronavirus pandemic. Facing plant closures and demand destruction, the global health crisis has pushed some of the weakest players...
The dollar is falling for the fifth straight day after gaining for 7 days out of 8 and surging 8.5%. It might be time to start thinking of getting back in: the greenback has already corrected 2.3% of...
A week ago, I suggested to readers who were long gas that the worst might not be over yet for them.My conjecture was based on the 25-year low of $1.56 hit by the front-month gas contract for each...
As investors grapple with their losses in stocks vulnerable to the coronavirus pandemic, Nike (NYSE:NKE) is showing them their faith in this global brand will pay off in the end.Nike was among the...
Yesterday, the Dow surged 11.37%, its biggest daily gain since 1933, as Congress worked out the finishing touches to a safety net intended to combat the economic tsunami expected from the COVID-19...
Like a Disney animation, gold suddenly seems to have transformed with the wave of a fairy pixie’s wand and sprinkle of magic dust.From a safe haven that looked anything but “safe”...
As the coronavirus continues to spread rapidly around the globe, infections in the U.S. are on the rise with at least 55,231 confirmed cases and 801 deaths reported.To contain the pandemic in the...
With XAU/USD rising for the third day, could gold be reclaiming its glittering crown? Several analysts, including those at Goldman Sachs, seem to think so. And the technicals appear to agree with...
Is the first U.S. gasoline build in eight weeks looming? At least one veteran watcher of the energy space seems to think so.Dominick Chirichella, who has tracked the oil and gas markets for over...
Let’s start with a quick quiz. What do toilet paper and marijuana have in common?It turns out, in a crisis, people want to hoard both. Yes, as the economy crashes, pot stocks — at least a...
Yes, we know that the headline may evoke some disparaging comments. Yes, we’re aware that there’s a global pandemic that's disrupting manufacturing lines and shipping supply chains, and we...