Schachter’s Eye on Energy – June 17th
06/17/2020 10:26 AMThis week Josef explains how the EIA had a third increase in total stocks which is creating a storage problem. As well as how the OPEC's report out Wednesday the 17th showed significant non compliance and it is very likely crude will fall sharply in the near term....
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Don’t Think. Just Buy
06/17/2020 10:06 AM“Central Banks Are Now de facto Guarantors of the Corporate Bond Market” Fears about the rising number of reopening coronavirus hotspots and economic threats were superseded by unbounded joy as the Fed announced it will buy secondary market corporate bonds direct[ly]...
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The dollar is going to fall very, very sharply
06/17/2020 9:53 AMStephen Roach, Yale University senior fellow and former Morgan Stanley Asia chairman, has a warning for U.S. dollar bulls. The prominent economist says that the era of the U.S. buck may be coming to an end and is forecasting a 35% decline soon in the U.S. currency...
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Central Banks Continue to Buy Gold
06/17/2020 6:55 AMAs central banks around the world continue to print endless amounts of money to try to keep financial assets afloat, they also continue to add to their gold position. In April, central banks globally added another 31.6 tons of gold to their reserves. Even though the...
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Two More Months of $2,000 a Month Just Added On
06/17/2020 6:33 AMAs the economy opens up - more and more businesses are having trouble finding people to work - paying them $2,000 a month while not working may have something to do with it. (Note: Please share this comment on Facebook and Twitter. If you know someone who would enjoy...
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Technically Speaking: Bulls & Bears Square Off At The Line
06/16/2020 11:39 AMBulls & Bears Clash At The Line On Monday, the bulls and bears fought over the 200-dma. It seemed at the open as if the bears were close to taking control of the market. However, the tide quickly turned. With markets plunging again at the open, and with Jerome...
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2020 S&P 500 Recovery Rally ‘Closely Tracking’ 2009 Rebound
06/16/2020 11:32 AMThe historic stock market rally off the 2020 March lows continued on Tuesday, with the SPDR S&P 500 ETF Trust trading higher by 2.3%. It may seem like the recent market trading action is unprecedented, but DataTrek Research co-founder Nicholas Colas said it's actually...
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The Left’s Formula For Killing the Economy
06/16/2020 6:40 AMThe Centre for Policy Alternatives joins the NDP and Green Parties in proposing that the way to get out of the COVID-19's deep economic hole is to implement a wealth tax on assets over $20 million as well as a huge jump in capital gains tax and excess profits. (Note:...
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‘They are just doing stupid things, and in my opinion, this will end in tears,’ — Leon Cooperman
06/16/2020 6:04 AMBillionaire Leon Cooperman on Monday said that the emergence of individual investors eagerly scooping up stocks that have been rocked amid the coronavirus-induced downturn will ultimately not end well for those individual investors. The ‘Robinhood markets are going to...
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Big Fat Idea – Protect Yourself from Market Volatility
06/15/2020 9:53 AMJamie Switzer of Canaccord Genuity joins Michael to share some of the specific tools he is using to help his wealth management clients who don't want to ride the roller coaster of these wild...
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