Energy major outperformer
The S&P 500 (SPX) finished down -0.31% today. Energy was a major outperformer after this weekend's attack on a major Saudi oil facility. Treasuries were stronger across the curve.…
Read MoreCNBC’s Fast Money tonight
I will be on CNBC tonight at 5:20pm to put the ramp in oil, economic backdrop, and market impact into perspective given we are emerging from the 3rd mini-recession…
Read More09/16/19 Economic Week Ahead
Last week was the third straight positive week for the market and this week will feature a number of significant economic data releases. Due out this week are: Industrial…
Read MoreWeaker (but positive) Empire State manufacturing
The Federal Reserve Bank of NY reported a decline in the Empire State Manufacturing Index, in the latest survey.
Read MoreOil as a % of Disposable Personal Income is historically low, even on an uptick
The near 10% rise in the price of West Texas Intermediate-term Crude Oil (WTI) Front Month Contract is one of the most dramatic one-day rises in history. That has…
Read MorePerspective on Oil
Oil prices are seeing one of their largest daily gains in history which I believe is due to the weekend drone attack on Saudi Arabia’s key oil facility. That…
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