Market Brief – Friday 6/21/19

Stocks started the day higher on quadruple-witching day, the day when options and futures contracts expire, and as the corporate share buyback blackout begins for second-quarter earnings season. Investors were relieved that the Trump Administration will not be retaliating against Iran with military force at this time and that Vice President Pence indicated that trade … Read more

Market Brief – Thursday 6/20/19

In a masterful move, yesterday the Fed lowered interest rates without lowering interest rates. Investors have been pumping social media, forums, and newsletters with comments about how stock prices are headed significantly higher, how bond prices are headed significantly lower, and how crude oil prices are headed higher. Given the weak trading volumes the week … Read more

Market Brief – Wednesday 6/19/19

Stocks are quiet ahead of today’s FOMC press release while Treasury yields ticked slightly higher as short sellers came late yesterday to defend falling Treasury yields. The EIA reported crude oil inventories as Crude: -3.106mm (-1.75mm expected), Cushing: +642k (+30k expected), Gasoline: -1.692mm (+900k expected), and Distillates: -551k (+700k expected). Crude prices rose following the … Read more