Emerging Global and Domestic Markets

The big (shrinking) short list

What are we looking for?: Canadian companies with a reduction in short interest The screen Short-selling, or “shorting”, refers to the investment practice of borrowing shares and subsequently selling them in the hope that the shares will eventually decline, so that the borrower can buy the sh ...

Gold Dips as China-US Tariff Spat Eases

Gold has started the new trading week with losses. In Monday’s North American trade, the spot price for one ounce of gold is $1289.63, down 0.22% on the day. It’s a very quiet day on the release front, with no key indicators on the schedule. The sole event is a speech from FOMC member Raphael B ...

BOEING AND CATERPILLAR LEAD INDUSTRIAL SPDR HIGHER -- THE DOW INDUSTRIALS ARE BREAKING OUT TO THE UPSIDE

INDUSTRIAL SPDR IS BREAKING OUT ... Good news on the tariff dispute with China is giving a big lift to stocks today. While all sectors are gaining ground, the day's leader is the industrial sector. Chart 1 shows the Industrial SPDR (XLI) rising pretty decisively above a falling four-month trendlin ...

Brent Tilts Into The Red, But US-China Trade Truce Limits Losses

Brent crude oil declined on May 21, surrendering early gains, though the prospect of an easing in trade tensions between the United States and China helped to stem losses. Brent crude futures eased by 12 cents to $78.39 a barrel by 1:52 GMT, having reached a session high of $79.19. U.S. crude future ...

NAFTA Negotiations Ongoing But Not Dead

Talks between the U.S., Canada and Mexico on revamping the North American Free Trade Agreement are continuing but it appears unlikely there’s enough time for the U.S. Congress to vote on a deal before the end of the year, analysts say.“I don’t think they’re going to get a text to Congress at ...

Meaningful Progress Made in US and China Trade Talks

Treasury Secretary Steven Mnuchin put a positive face on the state of U.S.-China trade negotiations, saying Monday the talks so far already have yielded tangible benefits.”I think we’ve made very meaningful progress,” he told CNBC’s “Squawk Box.” “Now it’s up to both of us to make su ...

All The Major Asset Classes Fell Last Week—Except Commodities

Markets declined last week in nearly every corner of the major asset classes, with the lone exception of broadly defined commodities, based on a set of exchange-traded products. The iPath Bloomberg Commodity (DJP) gained 0.6% over the five trading days through May 18. The increase lifted the exchan ...

Macro Briefing: 21 May 2018

Iran says EU support for nuclear deal is insufficient: Reuters Trump is having second thoughts about meeting with N. Korea’s leader: The Hill Trump demands investigation on Russia investigation’s surveillance tactics: CNN Mueller will reportedly end obstruction inquiry on Trump by Sep 1: NY Tim ...

Tech Talk for Monday May 21st 2018

Pre-opening Comments for Monday May 21st U.S. equity index futures were higher this morning. S&P 500 futures were up 15 points in pre-opening trade. Index futures responded to news that trade negotiations between China and the U.S. are progressing. Big Lots (BIG $41.64) is expected to open higher ...

What will it take to re-start offshore drilling? | Fuel for Thought

As global crude oil has hit the $80/b mark, the industry is now wondering if there is a magic price that would jump-start the offshore sector which is lagging an otherwise steadily recovering oil patch. Higher crude prices near-term may not be enough to entice operators back to the risky business o ...