From Hormuz Attacks to Tech Targets: Situation/Market Update
I can’t remember the last time I had so much work on so many fronts. I don’t want to be...
A.M. Update
S&P and Nasdaq-100 futures are down around -0.65% and Russell 2000 futures down -1.35% as Iran is stepping up its...
Oil Up, Yields Up, Dollar Up; Stocks Flat-to-Down: The War’s Inflationary Grip Tightens Despite IEA Move, As Software Credit Divergences and Bond Volatility Flash Red
The IEA came through with a decision to make 400 million barrels of oil from their emergency reserves available to...
Intraday Update
It’s been pretty slow since the last update. There was a slight dip in oil as news crossed the wires:...
IEA Approves 400M BBL; Crude Higher
Developments on the energy front continue to garner attention from the market. After two days of sharp retreats, the price...
A.M. Update
Index futures are down between -0.1% and -0.8% as WTI Crude oil futures are up +3% ($86), even as The...
Oil’s Grip on Equities
Disruptions to shipping through one of the world’s most important energy chokepoints continues to leave markets extremely sensitive to developments...
Afternoon Update: Iran Laying Mines in the Strait?
THE IEA’S “EXTRAORDINARY MEETING” ENDS WITH NO DECISION ON CRUDE STOCKPILE RELEASE: FT Following up on earlier reports, CNN REPORTS...
Crude Disinfo/MisInfo Sends Stocks Lower
U.S. Energy Secretary, Chris Wright, claimed/posted that the U.S. Navy escorted a tanker through the Strait of Hormuz: “President Trump...
Market Update – Oil Dynamics, Jawboning, Spoofing, and Maybe Escorting
There’s been a whole lot of waiting in a dull market, and then sudden movement on more jawboning efforts to...
A.M. Update
S&P futures are down -0.2% and Russell 2000 are down -0.65%. WTI crude futures are down -5.75% fro yesterday’s settlement...
Oil’s Wild Weekend Ride Meets Monday’s Jawbone Reversal
Another spicy start to the week. There’s a pattern emerging: gloves off and hit hard over the weekend, deescalate during...
Afternoon Update
One of the things that stands out today is volatility’s relative weakness right out of the gate with VVIX leading...
Market Update
The G7 meeting has ended with no confirmation of an oil reserve release, but the G7 will have another meeting...
A.M. Update
S&P futures are down -1.15% , Nasdaq-100 down -1.25% and Russell 2000 -1.95%, still the losses are half of what...
Afternoon Update
I am happy for the Crude oil trade, but I wish the week was not dominated by geopolitical headlines. My...
Crude Consolidation
WTI Crude, thankfully (if you’re long oil) started a consolidation. It was getting a little tense there for a moment...
Market Update
The market has seen a modest increase in its implied rate cut expectations from the Fed after this morning’s weak...
Oil Target Hit – Taking Half off Before the Weekend
Yesterday I updated my measured move for WTI crude oil futures: I feel comfortable with the $84 measured move, but...
A.M. Update
S&P futures are down -1.3% as oil prices surge, up +8% at $87.50/bbl. The Financial Times reported that Qatar has warned...