“That’s Highly Illogical, Captain”
“That’s Highly Illogical, Captain” By Michael Every of Rabobank Perhaps nobody gets original Star Trek memes anymore, and I am showing my age. Then again, it seems nobody gets original logic anymore, and trying to use any also shows one’s age. The market continues to price for a dream scenario of inflation having peaked then […]
WTI Rebounds On Small Crude Build; Cushing Stocks Soar Most Since April 2020
WTI Rebounds On Small Crude Build; Cushing Stocks Soar Most Since April 2020 Oil prices drifted sideways to modestly lower overnight after the notable builds reported by API, as mixed company earnings and weaker business activity spurred concerns about the US economy While there’s expectation that China’s oil demand will rise after it ditched restrictive […]
Hawley Introduces ‘PELOSI Act’ To Stop Insider Trading In Congress
Hawley Introduces ‘PELOSI Act’ To Stop Insider Trading In Congress Senator Josh Hawley (R-MO) introduced legislation Tuesday aimed at preventing insider trading by members of Congress by barring them from trading individual stocks. The Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act would require lawmakers and their immediate family members to use qualified […]
Inflation Is Still Here Despite Hype Over Broad Money’s Collapse
Inflation Is Still Here Despite Hype Over Broad Money’s Collapse Authored by Simon White, Bloomberg macro strategist, The first ever contraction in broad money should not be taken as a sign deflation is around the corner. On the contrary, a closer look broad money’s components shows inflationary forces are alive and well. Underweights in real assets, […]
NYSE Says Manual Error Behind Tuesday’s Market Open Freakout
NYSE Says Manual Error Behind Tuesday’s Market Open Freakout In a brief two line explanation, the New York Stock Exchange said a “manual error” caused wild price swings and trading halts for hundreds of company stocks when the market opened on Tuesday. It wasn’t clear just how easy it is to trigger such an error or who […]
McCarthy Formally Rejects Schiff, Swalwell From House Intel Committee
McCarthy Formally Rejects Schiff, Swalwell From House Intel Committee Authored by Caden Pearson via The Epoch Times, House Speaker Kevin McCarthy on Tuesday officially rejected Reps. Adam Schiff (D-Calif.) and Eric Swalwell (D-Calif.) for seats on the House Intelligence Committee after House Minority Leader Hakeem Jeffries (D-N.Y.) nominated them on Saturday. McCarthy has publicly stated that he wants to […]
Boeing Tumbles On Unexpected Q4 Loss As High Costs Hit Earnings
Boeing Tumbles On Unexpected Q4 Loss As High Costs Hit Earnings Boeing reported an unexpected loss to end 2022 as the planemaker grappled continued to grapple with high costs that threaten to slow further its already moribund recovery. The aerospace giant reported an adjusted EPS loss of $1.75 in the fourth quarter, missing estimates of […]
Gas Prices Set To Soar As Crack Spread Jumps On Tightening Fuel Supplies
Gas Prices Set To Soar As Crack Spread Jumps On Tightening Fuel Supplies U.S. oil refining margins, also known as the 3-2-1 crack spread, jumped to a three-month high on Tuesday — and that’s an indication the country faces an ongoing product shortage that might lead to higher gasoline and diesel prices at the pump. […]