stock-market-update

Commodities Update

Commodities were mostly higher yesterday as energy futures jumped on bullish production data, however, both gold and copper underperformed with mild losses. The commodity ETF, DBC, added 0.93% on the day. Metals traded inverse to the dollar yesterday, which initially rallied on solid economic data but then pulled back to close only slightly higher after[…]

EIA-lowers-oil-production-forecasts

EIA Production Figures Update

It was brought to our attention by our friend Myra Saefong at MarketWatch.com that the EIA noted the production number in Wednesday’s weekly inventory report incorporated “re-benchmarking,” and apparently skewed the figures in the release. Here are a few thoughts on the subject. An imbalance showed up between the monthly and weekly production data, and[…]

MLP Update

This market volatility could give us all whiplash by the time the year is over. Last Wednesday, the S&P 500 was teetering on support at 2050.  By Friday, it was back to 2100.  Today, we’re right back in the middle (but things are starting to get heavy again this afternoon). These are the types of[…]