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April 5, 2016
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The Wall Street Journal – Doubts Over Oil Production Limits Make Money Mangers Bearish Number of net long positions falling as hopes for production cap deal fade Hedge funds and other money managers grew more bearish about oil last week amid increasing doubts that major producers will agree to limit their output. Bets that the… Continue reading Are Money Managers Turning Bearish On Crude Oil? We Don’t See It
<Click on chart for larger image> CNBC – One wrinkle lurking in March’s strong jobs report March’s solid jobs report showed a surprising jump in wages and hiring, but it also contained a warning that may signal slower labor growth. Employers added a slightly better than expected 215,000 payrolls, while average hourly earnings rose 0.3… Continue reading Gauging The Health Of The Labor Market
The Wall Street Journal – A Warning for Gold Bugs: This Rally Won’t Last Gold investors should enjoy the party while they can. The good times are probably coming to an end. Bullish headlines following gold’s 16.5% first-quarter surge were in full force last week. CNBC claimed there was still upside ahead following the biggest… Continue reading Differing Views On Gold
The Financial Times – Mohamed El-Erian: Fed flip-flops are a reflection of global uncertainty All it took was last Tuesday’s reassuring speech from Federal Reserve chair Janet Yellen for vocal market participants to change a narrative that had depicted the central bank as “inconsistent” and “confusing”. Yet the underlying issues are real and will not… Continue reading FOMC Uncertainty
<Click on chart for larger image> Bloomberg.com – Russian Oil Output Rises to Record as Production Freeze in Doubt Crude output expands to 10.912 million barrels a day in March Exports last month increase 10 percent from a year earlier Russia’s oil output set a post-Soviet high in March as the success of a proposed crude… Continue reading Russian Oil Output Hits Record Despite “Production Freeze”
The New York Times – Uncertain Economics Influence ‘Brexit’ Talk Britain is one of Europe’s strongest economic performers, having emerged from the financial crisis of the last decade faster and less burdened by debt than competitors like France, Italy and Spain. Unemployment is at a 10-year low of 5.1 percent. London, vibrant and second only… Continue reading Brexit
<Click on chart for larger image> Bloomberg.com – Greece’s Euro Future May Be Back in Play If Rescue Talks Drag On Greece could again face the threat of being pushed into default and out of the euro if its current bailout review drags on into June and July, according to European officials monitoring the slow… Continue reading Is Grexit Back In Play?
<Click on chart for larger image> MoneyBeat (WSJ Blog) – Bond Trading Hits Record Level A frenzied March for investment grade corporate bonds culminated in record trading on the final day of the month. Trading on Thursday hit the highest level in records going back to 2005, according to data from Trace, where trades are… Continue reading Corporate Debt Trading Volume
<Click on graphic for larger image> Bloomberg.com – Dollar Bulls Cling to History for Redemption After Wrong-Way Bet The dollar’s worst quarter in more than three years has the currency’s backers boning up on their history to judge whether its long-term advance is finished. The lessons of the past are encouraging. A trade-weighted dollar index… Continue reading A Historical Look At Dollar Rallies
Bloomberg.com – Saudi Arabia Plans $2 Trillion Megafund for Post-Oil Era: Deputy Crown Prince Saudi Arabia is getting ready for the twilight of the oil age by creating the world’s largest sovereign wealth fund for the kingdom’s most prized assets. Over a five-hour conversation, Deputy Crown Prince Mohammed bin Salman laid out his vision for… Continue reading The Saudis Plan On The “Post-Oil ” Era
The Washington Post – In a revealing interview, Trump predicts a ‘massive recession’ but intends to eliminate the national debt in 8 years Donald Trump said in an interview that economic conditions are so perilous that the country is headed for a “very massive recession” and that “it’s a terrible time right now” to invest… Continue reading Stocks & Politics