Market Insights
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This Year Could Be Starting to Look Like the Mirror Image of 2022
Stocks just rose for the second straight week, potentially raising an important question: Will 2023 be a mirror image of last year? The S&P 500 advanced 2.7 percent between Friday, January 6, and Friday, January 13. It's gained the first two weeks of 2023. Last...
Fear sweeps energy market before OPEC meeting
The Russians are coming, the Russians are coming... coming back to the energy market that is. Crude oil futures (@CL) fell almost 3 percent today, their biggest drop this month, as traders brace for OPEC's next meeting a week from now. The big worry is Russia wanting...
Don’s Notebook June 15, 2018
Economic data have been picking up strength but this was not anticipated in today's Federal Reserve Industrial Production report. A big drop in autos pulled industrial production lower in May, slipping 0.1 percent. Manufacturing volumes fell 0.7 percent, pulled down...
Don’s Notebook June 14, 2018
Yesterday's FOMC statement said household spending has picked up indicating strength for today's retail sales report. Confirmation came this morning in the US Commerce Department’s Retail Sales report. Retail sales jumped 0.8 percent in May topping most estimates. And...
Silver may be nearing a breakout
Something bullish may be brewing in silver. The TradeStation platform shows silver futures (@SI) up 3 percent in the last two months. Gold futures (@GC), on the other hand are down 3 percent. That's a odd because the two metals usually move in tandem. Perhaps even...
Where options traders are mining for a rally
Someone wants to turn iron into gold with options. Here's the large bullish trade detected yesterday in Cleveland-Cliffs (CLF): 25,000 August 8 calls bought for $1.29. 25,000 August 8 puts sold for $0.28. 25,000 June 7 calls sold for $1.96 as an existing position...
Fun and games on the rise: Midweek sector check
The S&P 500 is up fractionally on the week as investors target some newer areas of the market. Here's a breakdown of the best- and worst- performing industry groups at the half-way point: Winners: Media is the biggest gainer, led by 10 percent surges in...
Technology & Communication
Market Gets a Timeline for China Talks, Just in Time for Earnings Season
Investors just got a timeline for the most important concern facing the market, President Trump's trade war with China. Last night, CNBC reported that Vice Premier Liu He will visit Washington on October 10 and 11. Those are the first specific details the talks since...