Tag Archive: Crude

Update The Conflict of Interest Rate(s)

2022-06-13

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2022-06-13

What changed? For over a month, the Treasury market had the Fed and its rate hiking figured out. Rising recession risks had been confirmed by almost every piece of incoming data, including, importantly, labor data.

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If Bitcoin Is A Bubble…

2018-01-07

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2018-01-07

Organizational Theorist Frederic Laloux’s Five Kinds of Human Organizations
Our earlier articles on bitcoin discuss the crypto asset as a currency and a commodity. Both papers focused on the consequences of bitcoin’s defining feature: the asymptotic supply limit of 21 million coins. This gives it an unusual juxtaposition of demand uncertainty and supply certainty (as well as inelasticity). As a currency, it gives rise to a tension between its use as a store of value and as medium of exchange.

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Globally Synchronized Downside Risks

2017-11-17

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2017-11-17

Markets and Economy. March 2012 - 2017
Oil prices were riding high after several weeks of steady, significant gains. It’s never really clear what it is that might actually move markets in the short run, whether for crude it was Saudi Arabia’s escalating activities or other geopolitical concerns. Behind those, the idea of “globally synchronized growth” that is supposedly occurring for the first time since before the Great “Recession” while it may not have pushed oil investors to buy...

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Dollar Surge Continues Ahead Of Jobs Report; Europe Dips As Catalan Fears Return

2017-10-07

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2017-10-07

CBOE VIX Gauge, 1990 - 2019
World stocks eased back from record highs and fell for the first time in eight days, as jitters about Catalonia’s independence push returned while bets on higher U.S. interest rates sent the dollar to its highest since mid August; S&P 500 futures were modestly in the red - as they have been every day this week before levitating to record highs - ahead of hurricane-distorted nonfarm payrolls data (full preview here). U.S. jobs report will also be...

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Dollar & Stocks Jump; Bonds & Bullion Dump In Lowest Volatility September Ever

2017-10-05

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2017-10-05

US Data Surprise Index, 2006 - 2017
It has now been 318 trading days since the S&P 500 suffered a 5% drawdown - the 4th-longest streak since 1928... So everything is awesome...BUT...US 'hard' economic data has not been this weak (and seen the biggest drop) since Feb 2009...Q3 Was a Roller-Coaster...Q3 was the 8th straight quarterly gain in a row for The Dow - the longest streak since Q3 1997.

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Risk Off: Global Stocks Slide As “Fire And Fury” Results In “Selling And Fear”

2017-08-10

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2017-08-10

Volatility Pops, August 08 2017
US futures are set for a sharply lower open (at least in recent market terms) following a steep decline in European stocks and a selloff in Asian shares, following yesterday's sharp escalation in the war of words between the U.S. and North Korea. In a broad risk-off move U.S. Treasuries rose, the VIX surged above 12 overnight, while German bund futures climbed to the highest level in six weeks. The Swiss franc gained 1.2 percent to 1.1320 per euro...

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Global Stocks Rise On “Growth Optimism”, Ignore Political Turmoil; Dollar, Oil Creep Higher

2017-07-31

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2017-07-31

Stoxx Europe, Aug 2016 - 2017
S&P futures rose 0.1% on the last trading day of the month, trailing European and Asian markets boosted by China’s July Mfg. PMI, which despite declining from from 51.7 to 51.4, and missing expecations  of 51.5, saw the construction index rise to its highest level since December 13, sending Chinese iron ore futures surging and … Continue reading »

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WTI Crude tumbles To $49 Handle, Erases OPEC/NOPEC Deal Gains

2016-12-15

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2016-12-15

WTI Crude
But, but, but... growth, and inflation, and supply cuts, and growth again... Well that de-escalated quickly... As Libya restarts exports and The Fed sends the dollar soaring so WTI crude prices just broke back to a $49 handle for the first time since Dec 8th.

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