admin

As Goldman famously declared on Sunday night when it boosted its near-term oil prices targets (while cutting its 2017 estimates as a result of what it admits will be a delayed rebalancing of the oil market), the biggest upside risk to oil over the next months remains the threat from unexpected supply disruptions… … such […]

Submitted by Jeffrey Snider via Alhambra Investment Partners, The US Treasury yield curve is flattening again, with parts finally in 2016 surpassing the bearishness exhibited to start 2015. The mainstream is just now starting to notice likely because unlike last year there are no longer credible excuses to simply wish it away. “Transitory” is not […]

In an interview with CNN’s Erin Burnett, Dallas Mavericks owner Mark Cuban shared some of his thoughts on what a potential Donald Trump presidency would do to the stock market, as well as who he would vote for if he had to choose today. Cuban opens up the conversation by discussing his main issue with […]

In today’s odd news item, ABC7 reports that Washington D.C. police and fire officials are investigating a possible hazmat situation after a man drove his truck onto the National Mall. The man claims he has a dangerous substance in his truck. D.C. Fire officials confirm they have been called to assist police with the situation, […]

It’s over…Hotflation and Fedspeak – unless the S&P plunged 200 points, June is on like Donkey Kong. [embedded content] Who could have seen that coming… The S&P 500 tumbled back into negative territory for the year once again… TS YTD What goes up, comes back fast on heavy volume… Weak China data’s dip was a […]Read More

Submitted by Lance Roberts via RealInvestmentAdvice.com, Last Friday the market closed below its 50-day moving average. Theoretically, such a close should have sent traders scrambling for cover Monday morning. As I noted in this past weekend’s missive: “While the long-term picture still clearly suggests a high level of risk aversion, short-term dynamics have improved which […]

Gold Goes From “Ultimate Bubble” To Ultimate Buy For Soros George Soros, who once called gold “the ultimate bubble,” has resumed buying the gold ETF and shares after a three-year hiatus. Soros Gets Gold Badly Wrong In 2010 – Gold in USD (2009 to 2012) The billionaire investor yesterday disclosed that in the first quarter he […]Read More

Following last week’s chaotic Genscape build (and warning), API build, but DOE draw, and subsequent face-ripping rally, tonight’s API data signaled a lower than expected draw and sparked further chaos in prices as they jerked higher (“it’s a draw”) only to slide on missed expectations. Having reached 7-month highs during the day session, the 1.1mm […]Read More

Submitted by David Stockman via Contra Corner blog, You have to love it when one of Donald Trump’s wild pitches sends the beltway hypocrites into high dudgeon. But his rumination about negotiating a discount on the Federal debt was priceless. No sooner did the ‘unschooled’ Trump mention out loud what is already the official policy of […]Read More

R-L: U.S. Consul General Francis John Bray; Chairman/Chief Executive, National Drug Law Enforcement Agency (NDLEA) Col. Muhammad Mustapha Abdallah; with the Director General of NDLEA Mrs. Roli Bode-George; during the donation of eleven (11) pick-up trucks and transport vans to the NDLEA by the U.S. Consulate in Lagos on Tuesday, May 17, 2016: Photo Credit: […]

Nigerian president Muhammadu Buhari (C) sits with Aisha Buhari, the new first lady of Nigeria (3rd L) and outgoing president Goodluck Jonathan (R) during his inauguration in Abuja, Nigeria 29 May 2015. Muhammadu Buhari was inuagurated as president of Nigeria at a ceremony in the capital Abuja. May 30, 2015| Credit: Anadolu Agency On Friday […]

President Muhammadu Buhari was against any fuel price increase and repeatedly rejected such calls, but he was left with no other option, Nigeria’s Vice President, Mr. Yemi Osinbajo, disclosed on Tuesday, lamenting that corruption had eaten deep into the oil industry. “If there is one person in Nigeria that believes that petroleum prices should not […]