U.S. Economy: Growth Rate Falls Short of Forecasts – Bloomberg Oil Falls More than $2 as Oil Demand Drops to 3-Year Low – Bloomberg Rogers Sees Commodity Bull Market For Next Decade – DowJones Doom and Gloom in Europe (video) – Reuters For Stock Exchanges, a Tumble Along with the Markets – NYTimes Juice Economy [...]
Is the Bottom Nearing for the U.S. Dollar? By Phil Streible The latest data on weekly unemployment claims and gross domestic product has pushed both the stock market and the U.S. dollar down, but I have a slight inclination to believe the dollar will see a rebound before year-end. A Federal Reserve policy meeting is [...]
Second-quarter GDP came out lower-than-expected at a 1.9 percent annualized rate, according the Commerce Department. First-quarter GDP was at 0.9 percent. The Commerce Department also reported a recession may have begun in the final three months of 2007, as GDP was revised downward to show a contraction of 0.2 percent. It marked the first drop [...]
Crude Gains Over $4 as Gasoline Supplies Fall – MarketWatch House Rejects Bill Aimed at Energy Speculators – MarketWatch Fed Extends Emergency Loan Programs Through January – Bloomberg Credit Market Far From Tossing Away its Crutches – Reuters U.S. Economy to Underperform Through Mid-2009: IMF – Reuters Trade Talks Broke Down Over Over Chinese Shift [...]
Gold futures took a bit tumble today, with the August COMEX contract closing down $13.60 at $902.90 an ounce, after hitting a one-month low intraday. The financial press cited a stronger U.S. dollar and equity market rally as reasons gold has lost some of its appeal today. Lind Plus Senior Market Strategist Dan Pavilonis gave [...]
Blake Robben, Senior Market Strategist with Lind Plus, believes that price declines in several commodity markets have provided buying opportunities for those that have been waiting to go long. Blake recently presented a webinar analyzing the stock market and commodity markets. You can read his commentary here: Stocks Still Bearish; Commodities Bullish. Stay on top [...]
The Winners & Losers from Cheaper Oil (Video)- Financial Times Fed Debate Heats Up Over Inflation – Bloomberg Free Trade is Economy’s Saving Grace – Investor’s Business Daily The U.S.’s Strikingly Socialist Tendencies – Times of London About the Next Fannie/Freddie Crisis – New York Sun Oil Falls to 12-Week Low on Demand Worries – [...]
Consider Corn Call Spread By Phil Streible After peaking at record highs about a month ago, corn has been under pressure. But as the growing season wears on and hotter weather is upon us, it seems a bounce is likely, and a bull call spread is way to play that trend with defined risk. (Read [...]
Four Big Banks to Kickstart Covered Bond Market – MarketWatch Beijing Restrictions May Cut Gas Demand – Barron’s Fuel Subsidies Overseas Take a Toll on U.S. – NYTimes Economics Does Not Lie – City Journal Is Your Bank Safe – BusinessWeek Is Bailout Madness a Prosperity Killer (Video) – CNBC Pessimists Are Basing Gloom on [...]
Gold has fallen about 10 percent from its peak above $1,000 an ounce in March, but a number of market participants seem to think the yellow metal’s bullish days are not yet over. Lind Plus Senior Market Strategist Phil Streible notes that open interest in gold call spreads has been building, and there has been [...]
