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WTI Bounces But Inventory Builds Spark "Glut Alarm Bells"
Bloomberg Intelligence's Senior Energy Analyst Vince Piazza noted that turmoil in Venezuela is behind the recovery in WTI prices after a December swoon in a crude market driven by geopolitics. We remain skeptical, based on a recent drop in Asian demand and concern that trade tensions will slow growth in developed economies. Read More >>
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Dow Jones Industrial Average Up Early Today After State of the Union Address
The Dow Jones Industrial Average was up slightly this morning as investors reacted to U.S. President Donald Trump's State of the Union address. Another busy day of earnings reports will see investors pouring through results and conference calls looking for guidance for the market in 2019. Read More >>
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Global Rally Fizzles After Horrible German Data; Aussie Dollar Plunges, Iron Ore Surges
Repeating a pattern that has become a distinct feature to the start of 2019, global markets and US equity futures have been lower ahead of the US cash session (at which point they levitate sharply in the last 2 hours of trading), and today is no exception... Read More >>
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