Oil Prices
The big news so far this earnings season isn’t corporate financial results but the price of oil, which continues to be under pressure. Domestic production has finally caught up to spot prices and combined with reduced expectations for the global economy, oil prices continue to be vulnerable. Resource…
The spot price of oil remains the daily benchmark for the trading action in the stock market. It’s recovered to the $80.00-per-barrel level and is seemingly stuck below the important $100.00-per-barrel mark, as the economy remains in the doldrums. As I’ve written in the past, financial markets need…
— "Profit Confidential" Column, by Michael Lombardi, CFP, MBA, with help from Anthony Jasansky, P. Eng. The reduced demand of a contracting North American economy, mild weather, and rising U.S. production from unconventional sources took a heavy toll on the natural gas market between July 2008 and October…
Everything continues to convulse in capital markets, including currencies, stocks, interest rates, and virtually all commodities. This continued volatility is still a settling of accounts for the major institutions that had spent their time speculating in all these sectors and are now having to readjust their portfolios. More…
Negative bias dominated trading last week with the blue-chip DOW declining below minor support at 12,000 intraday on Wednesday and Thursday before rebounding. Selling mounted again on Friday, as the DOW was down to 11,903 in early morning trading. Investor sentiment improved last week, but there remains a…