A.M. Update
S&P Futures are up 0.25% as WTI crude oil are up 1.6% ($94.96), but off overnight highs. Bloomberg reports that Iran...
Short Nasdaq, Long Vol/Crude, and Waiting for the Next Twist in the Lion-Pangolin Standoff
I’ve never had s much background work to do. Developments happen so fast, I have to check, recheck, write, rewrite...
Afternoon Update
Gold is holding around $5k. Gold Miners are showing a hint of relative strength, which we haven’t seen recently. It’s...
Relief Rally: Low Conviction
The familiar weekend pattern (U.S./Israel attack Kharg Island ~90% of Iranian exports) after the market close Friday, then jawbone crude...
A.M. Update
S&P futures are up +0.9%, driven by tentative hopes of oil flowing after numerous comments that the Trump administration plans...
Afternoon Update – Escalation, But What?
Not too much has changed from my lasty update, but it appears several assets are reflecting uncertainty and concern, and...
Escalation: Boots on the Ground?
The stock market opened to broad gains, reclaiming a meaningful chunk of yesterday’s weakness, though they are off of their...
A.M. Update
Index futures are up 0.5 percent pretty much across the board, very typical of one day oversold internals. WTI Crude...
Crude Oil Continues Driving Equities; Mega Cap’s Safe Haven Status May Have Cracked
I’ve seen the synchronistic prescience of price action almost every week for a couple of decades, but it still fascinates...
Afternoon update: Yields Sharply Higher with Oil
Not the prettiest day for stocks as higher oil prices, yields and dollar weigh on prices, but also the mega...
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...