Lind Plus Senior Market Strategist Jeff Friedman dubbed the theme for this week as thin, but volatile heading into the Labor Day holiday. Friday, August 22, was a low-volume session for stock indexes as the final dog days of summer set in. The equity markets pulled out a positive finish Friday, with September S&P futures [...]
Bernanke Says Inflation Should Slow into 2009 – Bloomberg Freddie, Fannie Failure Could be World Catastrophe, Yu Says – Bloomberg Oil Prices Fall Over $6 on Stronger Dollar – AP/Yahoo Finance Buffet Sees Economy Weak Until 2009 – Reuters Americans Skip Labor Day Trips as Costs Rise – Reuters The Long and Winding Recession – [...]
More Road Kill on the Credit Crunch Highway – Bloomberg Wireless Technology Spurs Economic Growth – Project Syndicate No More Need for Frannie & Freddie – Financial Times This Year, August is Anything but Quiet – The Economist Why Corporate Tax is the Worst Tax – Washington Times CRB Commodities Index Heads for Biggest Weakly [...]
Commodities are staging a sharp rebound this morning, while the stock market slips back. Traders finally seem to be taking notice of geopolitical issues, as tension mounts between Russia and the U.S., sending crude oil back up above $118 a barrel. Also adding to a bullish tone in energy, the Energy Department reported Wednesday that [...]
The Greenback and Commodity Prices (PDF) – Globe Asia The Real China Test – Newsweek The Idiocy of Energy Independence – RealClearPolitics Behind the Housing Gloom An Improving Backdrop – The Economist Reliving the Savings & Loan Meltdown – Wall Street Journal No End in Sight to the Economic Crisis – New York Times Did [...]
By Jim Barrett The July 4 holiday weekend has proven to be a turning point for just about all commodity futures this year. Daily charts in corn, coffee, cocoa, sugar, and natural gas all show important multi-year peaks – and I mean peaks. Obviously, the second half of 2008 is unfolding in a dramatically different [...]
So Why Is the Price of Lobster Falling? – Slate Global Recession & Falling Energy Prices – Project Syndicate The Key to Our Wild Market: Asia – MSN Money Inflation is a Clear and Present Danger – Wall Street Journal To Drill or Not To Drill – Los Angeles Times The World Economy: A Problem [...]
Gold futures are seeing renewed weakness after Monday’s rally, which saw December NYMEX futures rise $13.60 to close at $805.70 an ounce. Last week, the yellow metal dropped more than 8 percent as the U.S. dollar gained ground and Goldman Sachs lowered its three-month forecast for gold to $745 from its prior forecast of $890. [...]
We All Pay for Fed’s Loose Money Follies – Wall Street Journal The Fed Can Learn from History’s Blunders – Financial Times Export Boom Helps Farms, Not U.S. Factories – New York Times Five Ways to Wreck a Recovery – Washington Post How Low Rates Contributed to the Credit Crisis – Wall Street Journal The [...]
Financial Market Weekly Recap and Outlook By Jeff Friedman Last week volatility was the name of the game as we saw commodities back down, while the stock market and U.S. dollar gained ground. While there is considerable uncertainty about whether underlying economic fundamentals can support continued stock market gains later this year, traders currently are [...]
