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Finance 0
Phillips 66 Dumps Crude In Distressed Deals With Negative $2.50-$2.75 A Barrel Spreads
With record inventories nearing full capacity, Phillips 66 dumped crude in unusual front-month deals. For its efforts, Phillips 66 sold crude at spreads yielding negative $2.50 and $2.75 a barrel. Please consider U.S. Refiner Phillips 66 dumps Cushing Crude, Traders Spy Output Cuts. U.S. refiner Phillips 66 dumped crude for immediate delivery in Cushing, Oklahoma on Wednesday, sparking speculation that the move reflected advance warning of looming output cuts amid sluggish winter demand and record inventories. The unusual sales of excess oil added pressure to the March/April WTI futures spread, with the front-month discount widening to as ... -
Finance 0
Expect V-shaped Model From Euro
Yesterday’s Trading: Yesterday was a volatile one. The euro/dollar first dropped to 1.1237 due to growth of the European stock indices. Then at 15:30 EET the euro renewed its minimum in response to the publication of the text of Fed chief Yellen’s report. The text of the report was published an hour and a half before she made her speech. I think that it was done quietly in order to lessen tensions on the financial markets. A difficult task lay ahead of Yellen: she needed be soft enough with her words so as not to scare off market participants, but at the same time use strong enough words to show that the US economy is not in need of addit... -
Finance 0
EIA Inventory Report And Oil Market Analysis
U.S. Oil Production is starting to roll over, fundamentals are changing in the oil market. Expect a rather large short squeeze in the oil market over the next couple of weeks. (Video length 00:10:48)... -
Finance 0
Gold Looking Into February 11th
Gold closed higher today suggesting that we should press higher probably into Friday. Our opening pivot point in 1207.57 which is still well above the closing warning that the upside is still in play. A closing ABOVE that for the 11th will signal we should press higher into Friday. A closing beanth that number warns that even new high on Friday may be followed by a lower closing. Technically, resistance starts at the 1226 area. If we can achieve a closing above the 1209 level on Friday, then we can see an extreme short-cover rally into the 1300 area. A month-end closing BELOW 1181 would warn that a February high should stand. At the very lea... -
Finance 0
How To Choose Dividend Stocks
I gave my thoughts to Kyle Woodley for a recent article he wrote for US News and World Reports. Here is an excerpt: Dividend stocks are the bedrock for any long-term portfolio. That’s not news. If you’ve spent 30 minutes on any financial media website or Investing 101 primer, someone somewhere has assuredly told you that a portion of your investments should be spent collecting stock dividends. The rub is this: In a market with literally thousands of stocks paying out dividends … well, where in the heck do you even begin? Charles Sizemore, a portfolio manager on Covestor and chief investment officer at Sizemore Capital Management, a reg... -
Finance 0
Yellen: Fed Likely To Stay The Course On Rates
Federal Reserve Chairwoman Janet Yellen voiced uncertainty about future interest rate hikes citing legal issues that required additional clarity before calling for rate changes. At a meeting with lawmakers Wednesday, Yellen added that she didn’t think any serious roadblocks exist that would prevent the Fed from sticking to its plan to introduce several small rate hikes in the coming year. However, she did point to tighter credit markets, volatile financial markets, and uncertainty over Chinese economic growth as risks to the U.S. economy that could endanger Fed plans. “I don’t expect the (Federal Open Market Committee) is going ... -
Finance 0
Why Comparing Dividend Yields To Interest Rates Is A Dumb Idea
I’m hearing a lot of folks these days draw attention to the fact that the dividend yield on the S&P 500 (2.17%) is now greater than the yield on the 10-year treasury note (1.7%). In doing so, they are obviously making the case that stocks are undervalued relative to bonds. There are a few problems with this line of thought. First, just because the dividend yield is currently higher than the 10-year treasury yield doesn’t mean stocks will necessarily outperform risk-free treasury notes going forward. If you hold that treasury note to maturity you know exactly what you’re going to get over that time. The same can’t be said for owni... -
Finance 0
5 Big Mistakes To Avoid When Choosing An Investment Advisor
Choosing an investment advisor is a very important decision that many investors rarely give much thought to. Some simply make a choice based on the recommendation of a friend or family member, while others stumble upon an advertising campaign or other flashy marketing piece. In my experience, people spend more time researching their next TV or computer purchase than they do in selecting the professional that will steward their nest egg. This is probably because there is instant gratification in the purchase of a new toy rather than the months and years it will take for an investment advisor to prove their worth. Over the years I have spo... -
Finance 0
Why Negative Rates Won’t Rescue U.S. Markets – And More Reader Questions
Over the last few weeks, we’ve talked a lot about where the markets have been, how they’ve broken down on news of China’s slowing growth, struggling U.S. equity markets, central bank madness in Europe and Japan, and crashing commodity prices… Which begs the question: “Where do we go from here?” Everyone wants to know what happens next – will the markets continue to struggle under the weight of these problems, or will they shake it off and rally back near all-time highs? Fortunately, you all have been paying attention, and have hit me with some excellent, well-informed questions that speak to this very issue. Let’s get down to ... -
Finance 0
Daily Market Analysis – February 11, 2016
The markets in general during the session on Thursday will probably be somewhat volatile, mainly because the biggest mover of markets will be the Congressional testimony of the Federal Reserve chairwoman. In other words, it can’t really be quantified in an easy manner. 1 – At this point in time, it seems apparent that the precious metals markets will continue to strengthen and perhaps go higher over the longer term. Ultimately, pullbacks will continue to be thought of as value, and you have to look at them as such. We have no interest in buying puts, and believe that eventually precious metals will explode to the upside and we have seen...
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