Tuesday, March 28, 2017

Who Really Controls The Price Of Oil?

Oil Prices Plunge With U.S. Production Soaring

This article originally appeared on the Motley Fool. After spending much of 2016 near multiyear lows, oil prices began to rally in late November as it became clear that OPEC would finally cut production to address a long-standing oil glut. On Nov. 30, the cartel officially announced that its members would cut their production by 1.2…

Australia Stepping Into The Void Left By The U.S. Free Trade Vacuum

China, Australia embrace cooperation, free trade in face of rising protectionism

Premier Li Keqiang shares a light moment with Australian Prime Minister Malcolm Turnbull during a news conference at Parliament House in Canberra, Australia, on Friday. [Photo/Xinhua] BEIJING - China and Australia on Friday inked a series of bilateral agreements and moved to expand free trade between the two major Asia-Pacific economies in a vote of confidence…

Monday, March 27, 2017

Relevance Of OPEC Increasingly Questioned

Don't look now, but OPEC is losing its ability to control the price of oil | Mulshine

Donald Trump hasn't tweeted about it, so few people have noticed. But one of the more important developments in recent history is occurring in the world of oil. Many experts are saying OPEC is losing control of its ability to dictate oil prices, particularly in North America, as shale-oil production has become price-competitive with conventional oil.…

Big Box Retail Being Consigned To The Dustbin Of History Like Floppy Drives And Mullets

Sears Among Companies That Likely Won't See 2019

This article originally appeared on the Motley Fool. The stock market has absolutely been on fire over the trailing 12 months. The broad-based S&P 500 has increased by a whopping 17 percent over that time span, which is more than double the historical average increase in stocks, including dividend reinvestment, of 7 percent over a one-year…

Hopefully This Is How The Rest Of His Agenda Works Out Too

Trump, in childish tantrum, threatens to wreck Obamacare | Moran

President Trump, wounded after his humiliating defeat on health care, now faces a choice. He can swallow his pride and work to improve Obamacare. Or he can use his executive powers to sabotage it, and then blame Democrats. Which sounds more like Trump? "Obamacare unfortunately will explode," he said after the vote. "It's going to have…

This Is A Relief

Bulgaria’s pro-EU party beats Moscow-leaning Socialists

Bulgaria’s veteran politician, Boiko Borisov and his pro-Europe centre-right party have claimed victory in the country’s snap election. With most votes counted the European Development of Bulgaria or GERB party won about 33% of the vote, but that’s well short of an outright majority in the 240-seat parliament. Exit polls show Gerb party won early elections…

Thursday, March 23, 2017

Hmmmm, And What Happened About 17 Years Ago I Wonder?

Dow, S&P Drop As Report Says Stocks Are Most Overvalued In 17 Years

Major U.S. stock indexes dropped by more than 1 percent Tuesday in what amounted to the worst single trading session for American markets since October. The drop appeared to vindicate worries that the record-breaking U.S. equities may be vastly overvalued. The Dow Jones Industrial Average (DJI) tumbled by nearly 300 points, or 1.3 percent, the S&P…

Speaking Of Amazon

Amazon’s Breakout Fizzles

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Amazon Web Continues To Spread Via Digital Assistant

Consumers can now use Amazon's Alexa to order Prime Now deliveries

SEATTLE — Users of Amazon.com's Alexa will now be able to order items for near-immediate delivery using the voice-activated digital assistant, another sign of how the e-commerce giant is trying to transform technological bets into a cash-generators. Prime Now, as the one-to-two hour delivery service is known, offers a more limited selection of items than the…

Wednesday, March 22, 2017

Bleak Energy Outlook

Cracklin' Rosie

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Finally, crude oil has cracked its trendline. Huzzah, Slopers!
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Big Blue Betting On Cloud Based Blockchain

IBM Launches Blockchain As A Service To Be Used By Financial Companies, Other Businesses

IBM announced Monday the launch of IBM Blockchain, a commercial service that will provide enterprise companies the ability to build their own blockchain networks on IBM’s cloud platform. The company also announced the service is already in use or will soon be put to use by a number of businesses including financial service companies and a…

Grim Future For Retail

Sears, Kmart says future in 'substantial doubt' as 108 stores close

The company that operates Sears and KMart warned Tuesday that the struggling retailers might be running out of time to right their business and keep stores open. "Substantial doubt exists related to the company's ability to continue," Sears Holdings said in a filing with the Securities and Exchange Commission. Your local Target could look like this…

Tuesday, March 21, 2017

Unfortunately Not The Only Thing In China Worrying Me

China Worried About a Housing Bubble as Prices Soar

China is worried about soaring home prices in its massive capital city. Beijing announced Friday it would takes steps to keep home prices from spiking further by raising the down payment required for second homes and suspending some housing loans. The new policy announced by the Beijing Municipal Commission of Housing and Urban-Rural Development will see…

Monday, March 20, 2017

And It Begins: Let The Orgy Of Capitalism Commence

Financial Deregulation May Hit Consumers' Wallets

This article originally appeared on The Motley Fool. If President Donald Trump gets his way, Congress will repeal the Dodd-Frank Act and do away with the Durbin Amendment that caps fees charged by banks to process retail debt card transactions. Repealing the Durbin Amendment could cause retailers to increase their prices, and it may be a…

Hands-Off Attitude Of Governments Now The Current Flavor As We Lurch Dangerously To The Right

Laissez-Faire Government Should Concern Every Citizen

If the recent news from Washington isn't a little unsettling, maybe you should look again. A new administration has brought some unconventional thinking to the Oval Office, and the repercussions could be felt for years by American consumers. Among the changes: An executive order that whenever an executive department or agency publicly proposes a new regulation…

Great, The Fire Seems To Be Spreading

Trump's tough trade talk scores a win in battle with G20 powers

Baden-Baden, Germany (dpa) - President Donald Trump's tough talk on trade paid off Saturday when ministers from 20 world powers meeting in Germany agreed to abandon their tradition of championing free trade and rejecting protectionism. "We couldn't be happier with the outcome," said US Treasury Secretary Steven Mnuchin of the two-day meeting of Group of 20…

Sunday, March 19, 2017

I Don't Think He Cares Until It All Goes Horribly Wrong

Democrats: Trump's wiretap claims are hurting diplomatic relations

President Trump's unproven claim that President Obama wiretapped Trump Tower last year is "alarming," eroding diplomatic relations abroad and needs to be put to rest, top Democrats said Sunday. Rep. Adam Schiff said he hopes FBI Director James B. Comey will debunk the claim Monday during a highly anticipated hearing before the House intelligence committee on…

I Understand Everything Else Looks Overbough, But Telecommunications (IYZ) Is Making Moves

I made a very speculative call on Telecommunications ETF IYZ over a month ago and then reversed just two days later. In my defense I did say it was speculative and certain thresholds needed to be met in order to class it as a genuine bullish turn, and so the same warnings apply here. What I am seeing here that I like more than what occurred a month ago is a stronger crossover on my momentum indicators. Furthermore, the fall from July of last year to November was about $5.00 which is about what we are seeing here with the most recent fall starting at the beginning of the year. Overhead resistance is at around $33.50.
Even on the 30 minute chart we've had some nice bullish EMA crossovers with the trend closing in on the EMA(233). Next week amide all the doom-and-gloom that other over-bought sector ETFs are currently experiencing IYZ looks to be a possible sea of calm in an ocean of gathering storms.

Wanna Fight About It?

German defence minister slams Trump statement on NATO as incorrect

Berlin (dpa) - Germany's defence minister on Sunday criticized as "incorrect" US President Donald Trump's assertion that Berlin owes "vast sums of money" to NATO and Washington. Defence Minister Ursula von der Leyen said that "there is no debt account at NATO." She said Germany aimed to reach the benchmark 2 per cent of gross domestic…

Oh....Joy

US Government Could Shutdown In Late April

President Donald Trump’s first foray in the budget process with Congress could ultimately result in a partial government shutdown by the end of April and the military, both stateside and overseas, could be affected, Military Times reported Friday. Trump released his fiscal 2018 budget proposal Thursday and prefaced it with a letter to the legislative branch,…