Corn Futures Tumble by Exchange Limit on U.S. Acreage Increase – Bloomberg.com Stock, Bond Slumps Signal Worse Than ’94 on Inflation – Bloomberg PIMCO to Obama: Tough Economy Awaits Next President – Reuters Oil Hits Record Over $143 on Iran-Israel Tensions – Reuters Reports Show U.S. Growth Weak if Not in Recession – Reuters Chrysler [...]
After the Dow Jones Industrial Average hit new lows for the year Thursday, the index has extended losses and is down about 3.9 percent for the week and near 10 percent for the month, baring a big rebound Monday. Meanwhile, the Standard & Poor’s 500 Index is down about 3.1 percent for the week, and [...]
August crude oil futures hit a new record high above $142 a barrel in electronic trading, attributed to a decline in the U.S. dollar as well as comments from OPEC’s president that prices could top $150 a barrel this year. There is also speculation the European Central Bank might raise interest rates when it meets [...]
U.S. Consumer Spending Rose 0.8% as Incomes Surged – Bloomberg VIX 26% Below 2008 High Points to U.S. Stocks Drop – Bloomberg North Korea Blows Up Reactor Cooling Tower – Reuters Coffee at Highest in 3 Months on Supply Concerns – MarketWatch.com
The Federal Reserve left interest rates steady as expected, but policymakers’ statements on the economic outlook caused frenzied post-meeting trade. Stock index futures quickly rose after the Fed said downside risks to U.S. economic growth have “diminished somewhat” but the market also was cognizant of statements of upside risks to inflation that tempered enthusiasm. September [...]
Fed Holds Interest Rates Steady, Expresses Concern on Inflation – Blooomberg Oil Drops More than $4 After Supply Gains First Time in 6 Weeks – Bloomberg U.S. Economy: Home Sales Fall, Durable Goods Orders Stagnate – Bloomberg Warren Buffet Tells CNBC Inflation is Exploding – CNBC.com Economy on Brink of Recession, Greenspan Says – Reuters [...]
Lind Plus Senior Market Strategist Tim Evans expects more volatility in the U.S. dollar. He recommends approaching this market with an options strategy. Read the full article for details on this strategy. If you missed Tim’s webinar where he explained this strategy, you can view it below. And don’t forget to register for our weekly [...]
Market participants are anxiously awaiting the result of the two-day Federal Open Market Committee Meeting, where the direction of short-term interest rates will be decided. Expect an announcement around 1:15 p.m. CT. CME Group Fed funds futures are pricing in a 90 percent probability the Fed will leave its key short-term interbank rate (Fed funds) [...]
Fed Starts Policy Meeting, Rates Seen on Hold – Reuters U.S. Economy: Consumer Confidence, Housing Prices Slide – Bloomberg Faster Inflation May Unleash “Financial Tsunami” – Bloomberg Profits Seen Off More Than 10 Percent – Reuters Chicago Merc Customers Citadel, JP Morgan, Rebel for Cheap Trades – Bloomberg New Ethanol Studies: Little Effect on Gas [...]
Despite a possible short-term bounce after three losing sessions, Lind Plus Senior Market Strategist Phil Streible sees technicals and fundamentals for orange juice as longer-term bearish. He gives his view on the market and offers an options trading strategy to consider. The September ICE futures contract was last at $1.1320 per pound, and November at [...]
