U.S. Ecomomy: Goods Orders Gain, Home Sales Exceed Forecasts – Bloomberg U.S. Foreclosures Double as House Prices Decline – Bloomberg Partisan Dispute Divides Congress Over Energy Legislation – CNN Candidates’ Energy Goals, Ambitious Agendas for Both – MarketWatch.com Worst Over for Drivers as Pump Prices Slide: AAA – Reuters New Bonds May Provide More Funds [...]
Euro Poised for a Breakout By Richard Ilczyszyn and Phil Streible The euro seems poised to make a breakout against the U.S. dollar, but the big question is which direction. It could go either way as we have global inflation, and at the same time, economic weakness impacting the currencies. We think a strangle is [...]
Does Short Selling Need SEC’s Oversight? – Knowledge @ Wharton The Fannie & Freddie Follies – Weekly Standard The Fed’s Fiscal Follies – Washington Times Oil Steady Above $124 After Steep Drop – Real Clear Markets Is Oil at Its Tipping Point? – Times of London The Oil Man Commeth – NYTimes Has the Commodity [...]
Bears Get Coffee Buzz By Phil Streible Coffee futures have been on the decline like many other commodities recently, and are trading at a seven-week low. This market is starting to consolidate, but I anticipate a storm of bearish news, and a breakdown in December contract below $1.35 a pound. The contract is now trading [...]
California Foreclosures Up 261% from ’07 Levels – Los Angeles Times Nothing Naked About Short Selling – New York Sun The Power of Risk (Management) – Capital Spectator Are We a Nation of Financial Illiterates? – Freakonomics Blog Are U.S. Savings Dangerously Low? (PDF) – Encima Global Blame Oil Speculators? – Henwood vs. Landsburg, Los [...]
Crude oil is trading at a seven-week low ahead of the Department of Energy’s release of inventory data at 9:35 CT. Last week there was a surprise build; this time forecasters are predicting a drop of about 400,000 – 500,000 barrels. Lind Plus Senior Market Strategist Richard Ilczyszyn notes that crude oil broke a key [...]
Greg Milkovich, a senior market strategist in our Lind Plus broker assisted division, doesn’t think so. Commodities such as gold and crude oil have fallen in the past week, but Greg believes it might be a good idea to buy dips in some of these commodity markets. You can read his commentary here or watch [...]
Lind Plus Senior Market Strategists Adam Klopfenstein and Phil Streible were both quoted in Bloomberg articles in the past week. Read Phil’s thoughts on sugar in an article by Ron Day on July 22, and Adam’s comments on a mid-July commodity slide in articles by Millie Munshi and Ron Day on July 18. Phil Streible [...]
Crude Oil Falls as Storm to Miss Gulf Production Areas – Bloomberg Freddie, Fannie Rescue May Cost Taxpayers $25 Billion, CBO Says – Bloomberg Paulson Urges Investors to Be Patient on Economy – NYTimes.com Food and Gas Prices Taking a Toll in Asia – NYTimes.com Widespread Earnings Woes Reflect Consumer Fears – Reuters Pickens Sees [...]
Leading Index Drops, Economy Weak: Conference Board – Reuters Crunch Time for U.S. Corn–So Far, So Good – Reuters There May be Oil Offshore, But… – Businessweek Pimco’s Gross Says Fannie, Freddie, Need Treasury for Capital – Bloomberg Emerging Market Currency Rally Dies as Inflation Hits – Bloomberg Economy Still Flat on its Back – [...]
