Page 27 - Cornerstone Macro News Today

From trading houses in Geneva to Wall Street banks, much of the oil world agrees global markets could use some more barrels. The big question is whether Opec+ will provide enough of them. A crude glut that piled up during the pandemic is vanishing fast. Global inventories are plunging at the steepest rate in two decades, according to Morgan Stanley. Prices have rallied to pre-virus levels, while US production has taken a hit from freezing storms. Talk swirls of market supercycles, and even the ...

by Bloomberg |Monday, March 01, 2021 From trading houses in Geneva to Wall Street banks, much of the oil world agrees that global markets could use some more barrels. The big question is whether OPEC+ will provide enough of them. (Bloomberg) -- From trading houses in Geneva to Wall Street banks, much of the oil world agrees that global markets could use some more barrels. The big question is whether OPEC+ will provide enough of them. A crude glut that piled up during the pandemic is vanishin...

With the need for more oil supply evident, traders expect the OPEC+ coalition, led by Saudi Arabia and Russia, will agree to increase crude production when it meets on March 4, reversing some of the output cuts made last year. But it’s unclear if the group will act vigorously enough.

Mike Khouw said on CNBC's "Options Action" that Target Corporation (NYSE: TGT) is trading quite rich to itself, and sometimes when you ...

The S&P 500 index is up 11% since the start of last September yet three well-known and large component names have lost value over the same time period, Cornerstone Macro’s Carter Worth said Friday on CNBC’s “Fast Money.” The three laggards Since the start of September, shares of Amazon.com, Inc. (NASDAQ: AMZN) are down 5.5%, […]

On CNBC's "Options Action," Mike Khouw spoke about options strategies investors could use for AMC Entertainment Holdings Inc (NYSE: AMC). The ...

Federal Reserve officials in January expected it would be “some time” before conditions to scale back their massive bond purchases were met, leaving open the question of whether any tapering could start before 2022.

By Joanna Ossinger Bitcoin’s correlation with stocks and gold is declining as the token scales fresh peaks, bolstering arguments that cryptocurrencies offer portfolio diversification benefits. The 90-day correlation of the S&P 500 index and Bitcoin has dropped to about 0.21 from a recent peak above 0.50 in October. A comparable measure for the token and bullion is near the lowest in about a year. “In terms of Bitcoin, as well as other digital coins, versus other traditional risky asset clas...

Uncertainty among investors reduce after weeks of highly volatile trading

Yellen, Summers Spar About Overheating Risk in Stimulus Plan Financial markets are increasingly reflecting expectations for a strong rebound and investors don’t seem concerned about inflation. Bloomberg | Feb 08, 2021 (Bloomberg) -- In making the case for a mammoth $1.9 trillion economic relief package, President Joe Biden and his acolytes had maintained that economists across the board agreed that now is the time to go big in the fight against the pandemic. Well, so much for that. A ...