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June 21, 2024
Losing streak to finish on a positive. In the meantime though, more fallout from the swiss currency mess. Now some Retail Investors may be getting hit hard with no safety net. Well explain whats going on and show you how the impact there is much wider than the swiss franc. Oil rallying today but still solidly below 50 a barrel. Though you might not want to get comfortable with that too much. We have chris with us today from moodys. He says he sees oil back at 80 again and soon. What would drive ...
June 21, 2024
Pleasant thanksgiving holiday. The dow was able to squeeze out just enough of a game to notch a fresh record close on a holiday shortened day on wall street. But, the big story of the day was another tumble. And i do mean a tumble in the price of oil. Rattling the Energy Sector and keeping equities from making even more gains today. Todays big drop in crude prices. Comes after opec ministers voted on thursday not to cut production levels, despite lower demand and an oversupply on the market. Som...
June 21, 2024
Pleasant thanksgiving holiday. The dow was able to squeeze out just enough of a game to notch a fresh record close on a holiday shortened day on wall street. But, the big story of the day was another tumble. And i do mean a tumble in the price of oil. Rattling the Energy Sector and keeping equities from making even more gains today. Todays big drop in crude prices. Comes after opec ministers voted on thursday not to cut production levels, despite lower demand and an oversupply on the market. Som...
June 21, 2024
Pleasant thanksgiving holiday. The dow was able to squeeze out just enough of a game to notch a fresh record close on a holiday shortened day on wall street. But, the big story of the day was another tumble. And i do mean a tumble in the price of oil. Rattling the Energy Sector and keeping equities from making even more gains today. Todays big drop in crude prices. Comes after opec ministers voted on thursday not to cut production levels, despite lower demand and an oversupply on the market. Som...
June 21, 2024
Pleasant thanksgiving holiday. The dow was able to squeeze out just enough of a game to notch a fresh record close on a holiday shortened day on wall street. But, the big story of the day was another tumble. And i do mean a tumble in the price of oil. Rattling the Energy Sector and keeping equities from making even more gains today. Todays big drop in crude prices. Comes after opec ministers voted on thursday not to cut production levels, despite lower demand and an oversupply on the market. Som...
June 21, 2024
Alix steel is in the newsroom. The philly fed index. This came in below estimates coming in at 5. 2. Almost cut in half. It is also lower than read for january which came in at 6. 3. We have seen a pretty genetic two months in the philly fed index. The reason why this important is that they get new. The new orders at the index did come in light at about 5. 4. The slide is continuing, new orders. Weve seen more jobs and falling oil prices. Lets turn to the biggest corporate story of the day. Ther...
June 21, 2024
The close of trading. Scarlet fu is looking at the action on the markets. Scarlet they want to pull higher. They have been meandering all day. You have two Straight Days where the dow average moved at least triple digits or close, more than 100 points. We are not continuing that streak. We have been positive all day long. We are up 66 points. Trading in dow, s p, nasdaq stocks at least 10 below the 10 day average. Utility stocks are leading the way, up almost 1 . Energy stocks leading the declin...
June 21, 2024
Now well get to business at hand this morning. If youre just waking up lets get you up to speed on the markets and whats going on in the futures. Looks like a little bit of a mixed morning. The dow might open slightly higher. Nasdaq would open marginally off and the s p well call it across the board. Well see how things play out this morning. Joe. It used to be mostly new york social sociallights wasnt it . Five years ago it became very strange that it became sort of a moment. Its almost like th...
June 20, 2024
[ applause ] any time you try to analyze winners, you have to eliminate the stocks that move because of other events. Oil and gas stocks had gigantic moves because of the turmoil in the middle east. So Many Companies can benefit from the increase in the worldwide price of oil. Second, were seeing the china plays move up. Its become quite obvious. Thats how copper stock like freeport or hefry machinery can rally. Those arent fiscal cliff stories. What are . What are fiscal cliff stories . How abo...
June 20, 2024
The dow surging, s p climbing, nasdaq surging. [ applause ] any time you try to analyze winners, you have to eliminate the stocks that move because of other exogenous events. Oil and gas stocks had gigantic moves because of the turmoil in the middle east. So Many Companies can benefit from the increase in the worldwide price of oil. Second, were seeing the china plays move up. Its become quite obvious. A hard landing will be avoided. Thats how copper stock like freeport or hefry machinery can ra...