The Energy Information Administration reported that September crude oil production rose by 286,000 barrels per day, averaging 10.860 mmbd.
Energy Information Administration Reports U.S. Crude Oil Production Up in September
VIX Daily Update: Wall Street Maintains Calm as Stocks Try for New Highs
CBOE VIX Volatility Index traded within a narrow range on Thursday. The CBOE VIX (VXX) held its narrow trading range on Thursday, as equities flirted with new all-time highs. The Chicago Board Options Exchange Volatility, commonly known as the VIX, reached an intraday low of 20.72 on a scale of 1-100, where 20 represents the…
Stocks Settle Mixed Ahead of Nonfarm Payrolls Report
Stocks traded mixed on Thursday in a session marked by muted volatility. The Dow and broader U.S. stock market diverged slightly on Thursday, as investors dissected the latest data on jobless claims ahead of a high-profile nonfarm payrolls report on Friday. Wall Street’s major indices finished mixed, with the Dow Jones Industrial Average (DIA) climbing…
Millions Going Hungry
There are approximately 74 million children in the United States, and right now millions upon millions of them do not have enough to eat.
Why You Can’t Trust the News
If you feel you can’t trust the news anymore, you have good reason.
Wednesday’s Action Was Quietly Bullish
Today’s action was quietly bullish.
New Era of Firmer Pricing Pressure Coming
The Treasury market’s inflation forecast broke above its pre-pandemic high this week, fueling speculation that a new era of firmer pricing pressure is dawning.
November Services Purchasing Managers Index Has Been Released
The Institute of Supply Management (ISM) has now released the November Services Purchasing Managers’ Index (PMI).
Boingo Wireless Stock Up 100%+ Since March, Could Double Again
Boingo Wireless Inc (NASDAQ:WIFI), the largest operator of indoor wireless networks in the U.S., has seen its share price trend significantly higher since early November, following news that three pharmaceutical giants have developed COVID-19 vaccines.
VIX Daily Update: Markets Calm as Stocks Try for New Highs
CBOE VIX Volatility Index traded within a narrow range on Wednesday. The CBOE VIX (VXX) maintained its narrow trading range on Wednesday, as U.S. stocks set new all-time highs. The Chicago Board Options Exchange Volatility, commonly known as the VIX, reached an intraday low of 20.04 on a scale of 1-100, where 20 represents the…
Stocks Finish Mostly Higher as Energy Leads
S&P 500’s energy index surged more than 3% on Wednesday. The Dow and broader U.S. stock market finished mostly higher on Wednesday, as surging energy shares offset weakness in materials and consumer stocks. Wall Street’s major indices were mixed at the close, with the Dow Jones Industrial Average (DIA) gaining 60.86 points, or 0.2%. to…
Time to Watch Silver/Gold Ratio
It’s time to watch the Silver/Gold ratio for new forward indications, and let the industrial metals hysteria play itself out.
Expected Risk Premium Estimate Increased
The expected risk premium estimate rose for The Global Market Index (GMI), increasing to an annualized 5.3% in today’s revision.
Expected IPO Date for DoorDash
There is also news of an expected IPO date for DoorDash. That tentative date is Wednesday, December 9.
Could the Trend in Commodities Be about to Change?
Commodities have traded “heavy” for the past decade, as bond yields remain low and inflationary forces remain under wraps. But this trend could be up-ended as we head into 2021.
Good News for Major Indices
First the good news. Using history as a guide, it looks like the major indices should finish what has been a crazy calendar year in fine fashion.
Update for Popular Market Valuation Method
Here is the latest update of a popular market valuation method using the most recent Standard & Poor’s “as reported” earnings and earnings estimates and the index monthly average of daily closes for the past month.
TerrAscend Stock Up in 2020 & 2021 Looks Even Better
TerrAscend Corp (CNSX:TER, OTCMKTS:TRSSF) stock has performed better since the U.S. election than most stocks do in an entire year.
VIX Daily Update: Calm Prevails on Wall Street as Stocks Climb
CBOE VIX Volatility Index traded within a narrow range on Tuesday. The CBOE VIX (VXX) maintained its narrow trading range on Tuesday, as U.S. equity markets returned to record territory. The Chicago Board Options Exchange Volatility, commonly known as the VIX, reached an intraday low of 20.00 on a scale of 1-100, where 20 represents…
Stocks Rally to Start December as Vaccine Optimism Builds
After a historic November rally, U.S. stocks opened the new month on a high. The Dow and broader U.S. stock market rose sharply on Tuesday, as the major indices returned to record territory following a historic November rally. All of Wall Street’s benchmark averages finished in positive territory. The Dow Jones Industrial Average (DIA) rose…
Rally in Bitcoin
Fast forward a few years later, and Bitcoin has once again made a surprising move in the latter half of the year and once again set all-new record highs.
How to Save Money Going Green
You can actually save money by living in a way that is friendlier to the planet.
Not Much Damage Done to Friday’s Gains
There wasn’t too much damage done to the gains made on Friday’s junior trader watch.
Gains in Risk Assets in November
November was unusually kind to risk assets, delivering another clean sweep of gains.
Bullishness Fading on First Trading Day of December
However December’s first trading day has not been as productive for DJIA or S&P 500.