Election Day is six weeks from yesterday, so you’re probably getting the question: “What does the election mean for the markets?” Specifically, we want to address, in plain English, what a Clinton or Trump win would mean for: The major asset classes: Stocks, Treasuries, Gold, Oil, the US Dollar and Which stock sectors will be[…]
Stocks were down for two reasons yesterday: First, markets are coming to grips with the fact that the BOJ decision last week was basically an admission it was out of bullets. Second, Deutsche Bank stock plunged 7% to a 33-year low, and dragged down financials and the broad market. We’ve already covered the BOJ, and[…]
Commodities were mixed yesterday as gold continued to trade heavy while crude oil futures bounced back after Wednesday’s pullback. The commodity ETF, DBC, rallied 0.49% on the day. WTI crude oil futures rallied 0.44% yesterday thanks to three bullish catalysts. First, oil rose in sympathy with gasoline futures thanks to the ongoing colonial pipeline outage[…]
WTI crude oil futures approached a technical tipping point yesterday as they rallied into a near-term, downtrend resistance level. Where futures close today will be important for the near-term direction of energy prices.