Energy
Goldilocks Drives S&P 500 to New Highs

Goldilocks Drives S&P 500 to New Highs

If the longest bull market in history had a patron saint, it would be Goldilocks. This Wednesday marked the 3,453rd session in the uptrend that began on March 9, 2009. That outlasted the earlier run between late 1990 and early 2000. While improving economics and...

Oil and Currencies in Play as China Stumbles

Oil and Currencies in Play as China Stumbles

Oil, China and currencies: They’re all in play today as a slew of global events sweep markets. Market Insights recently detailed how President Trump’s trade policies weakened business confidence overseas. Last week we cautioned the slowdown — especially in China —...

Don’t Forget about Iranian Sanctions Early Monday

Don’t Forget about Iranian Sanctions Early Monday

President Trump's trade spat with China has gained a lot of attention this week, but don't forget U.S. sanctions on Iran take effect on Monday, August 6. The measures will obviously have an impact on energy. The only trouble is no one really seems to know what it will...

Sentiment May Be Shifting in Oil Before Iran Sanctions

Sentiment May Be Shifting in Oil Before Iran Sanctions

For months, the story in crude oil has been bullish. But some recent developments may show sentiment is turning. First, look at inventories. The government says they rose by 3.8 million barrels last week, while forecasters had anticipated a decline of about 2.4...

Oil Holds Its Ground Despite Bearish News

Oil Holds Its Ground Despite Bearish News

Something weird is happening in crude oil: It's not going down on bad news. Last night the American Petroleum Institute reported energy stockpiles rose by 629,000 barrels, versus an estimated drop of 3 million barrels. Numbers from the Energy Department were even...

Bulls pivot back to energy: Midweek sector check

Bulls pivot back to energy: Midweek sector check

The S&P 500 is bouncing at its 50-day moving average as the market drifts into the dog days of summer. Here's a breakdown of the best- and worst-performing industries so far this week. Winners: Energy is surging with life as crude oil (@CL) rallies to a new...

Traders, keep an eye on oil

Traders, keep an eye on oil

Oil is in the news today with crude futures at a potentially key level. The main item came this morning from the U.S. State Department, which took a hard line against Iran. Washington is reportedly demanding that companies stop shipping oil from the terrorist state by...

Crude oil may be stabilizing before OPEC

Crude oil may be stabilizing before OPEC

Disclosure: This post is intended for educational purposes and should not be considered a trade recommendation. Energy may be stabilizing, even as OPEC prepares to increase supply. Crude oil futures (@CL) have remained in a range between about $64 and $66 all month,...

Seeking opportunities in crisis

Seeking opportunities in crisis

It's often said that Chinese has the same word for "crisis" and "opportunity." While this saying appears to be more of an urban legend than a correct translation, it's still a good reminder for investors. And, Warren Buffett's expressed a similar sentiment by saying...