Archive for January, 2017

WTI (and RBOB) prices slid lower into the NYMEX close ahead of API’s report tonight that showed further major builds in crude and products. Crude saw inventories rise 5.83mm barrels last week – the most since the end of October and while Cushing saw its 4th weekly draw in a row, Gasoline and Distillates both […]

Jan 31, 2017

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by: admin

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Tags: WTI

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Categories: Crypto Currency

Rumors of AAPL’s demise have once again been greatly exaggerated. Moments ago, Apple reported Q1 earnings which not only beat on the top and bottom line, but also sold a record number of iPhonea in the quarter at a record 78.4 million, 2 million more than expected, at higher ASPs than expected. Earnings of $3.36 […]

Jan 31, 2017

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by: admin

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Tags: Bloomberg, China, Dollar

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Categories: Crypto Currency, Economy, Market Commentary

U. S. equities look worryingly vulnerable, warns Bloomberg’s Mark Cudmore, warning that Trump’s doubling down on his hardline autocratic approach ensures that markets won’t be able to overlook the implications of his immigration order. I apologize if this piece seems very similar to three of my last four columns, but markets are exhibiting exceptional complacency… […]

Confirming a choice that many had already pegged as a front-runner to fill Antonin Scalia’s vacant seat, President Trump officially announced Judge Neil Gorsuch as his nominee for the Supreme Court of the United States. Gorsuch, 49, the youngest supreme court nominee in 25 years, was among a group of federal judges reported in recent […]

That hysterical reaction to the travel ban announced Friday is a portent of what is to come if President Donald Trump carries out the mandate given to him by those who elected him. The travel ban bars refugees for 120 days. From Syria, refugees are banned indefinitely. And a 90-day ban has been imposed on […]

While hardly any analysts or traders expect Apple to report blockbuster earnings today on the back of slowing smartphone sales, challenging iPhone 7 adoption, rising competition in China, and generally a loss of Apple’s trademark creative spark under the “new management” which is far more interested in stock buybacks and M&A, few are as skeptical […]

Jan 31, 2017

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by: admin

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Tags: China, JP Morgan

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Categories: Corporate, Crypto Currency, Market Commentary

Having already succeeded in delaying the confirmation of Tom Price and Steven Mnuchin, when Democrats boycotted a committee vote which had a minimum quorum requirement, moments ago Senate Democrats succeeded in stalling – if only temporarily – another confirmation when they used a procedural move on Tuesday afternoon to stall committee vote, this time on […]

Jan 31, 2017

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by: admin

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Tags: Donald Trump

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Categories: Crypto Currency, Government, Politics

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