Commodities

Tech Talk for Tuesday January 28th 2020

Pre-opening Comments for Tuesday January 28th U.S. equity index futures were higher this morning. S&P 500 futures were up 21 points in pre-opening trade. Index futures were virtually unchanged following release of December Durable Goods Orders at 8:30 AM EST. Consensus was an increase of 0.3% versu ...

US Open – Safe-Havens Soar on Contagion Concerns, Stock Selloff Accelerates, Demand woes for Oil, Gold and Bitcoin surge

The market selloff that everyone was waiting is here.  The US stock market rally was overextended, and investors will use the coronavirus epidemic as the trigger needed to deliver a pullback. The weekend news had no shortage of headlines.  Much of the American press focused on the tragic death o ...

Commodity Tracker: 6 charts to watch this week

Traders of oil products and iron ore have their eyes trained on China’s supply-side dynamics, as the country grapples with the coronavirus outbreak. Also in the spotlight this week: Permian gas output, Germany’s coal plant closures, US corn exports and European gas prices. 1. China oil product ...

Tech Talk for Monday January 27th 2020

Pre-opening Comments for Monday January 27th U.S. equity index futures were sharply lower this morning. S&P 500 futures were down 48 points in pre-opening trade. Index futures responded to intensified worries that the coronavirus will spread. Gold responded to coronavirus fears by gaining $9.80 to ...

Market’s Fears Spread Along With Wuhan Virus

The sense of serious concern about the economic effects of the Wuhan virus – evident on Wall Street Friday – has turned into something approaching panic in Asia this morning. China has taken the unprecedented step of extending the Chinese New Year holiday until February 2nd as it ramps up effo ...

Monday: New Home Sales

Weekend:• Schedule for Week of January 26, 2020Monday:• At 10:00 AM ET, New Home Sales for December from the Census Bureau. The consensus is for 730 thousand SAAR, up from 719 thousand in November.• At 10:30 AM, Dallas Fed Survey of Manufacturing Activity for January.From CNBC: Pre-Market Data ...

Greenback Set to Close the Month on Firm Note

((I am in California for the next two days and the time zone will interrupt the regular schedule of the commentary. Apologies for the disruption.)The US dollar rose against most of the major currencies last week for which the new SARS-like virus injected fresh volatility into the capital markets. ...

The Week Ahead and Why the FOMC Meeting may not be the Most Interesting

The week ahead is arguably the most important here at the start of 2020.  The Federal Reserve and the Bank of England meet. The US and the eurozone report initial estimates of Q4 19 GDP.  The eurozone also reports its preliminary estimate of January CPI.  China returns from the extended Lunar ...

CWS Market Review – January 24, 2020

“Everyone has the brain power to make money in stocks. Not everyone has the stomach.” – Peter Lynch Here’s a factoid for you: When the bull market started, Zion Williamson, the basketball rookie sensation, was just eight years old. Both he and the market have changed markedly over the past ...

Tech Talk for Friday January 24th 2020

  StockTwits released yesterday @EquityClock Ford $F, an S&P 100 stock moved below $9.06 setting an intermediate downtrend. Dow Holdings $DOW, a Dow Jones Industrial stock moved below $51.05 completing a double top pattern Teck Resources $TECK $TECK.B.CA, a TSX 60 stock moved below intermediate ...