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May 10, 2021
by Tyler Durden Monday, May 10, 2021 - 04:01 PM That was quite a day. The tech wreck continued, leading the drop in stocks. Commodities did the unthinkable and tumbled on the day but Gold and Cryptos gained as the dollar dumped into the red for the year... Source: Bloomberg "cognizant of excess risk-taking in financial markets". Maybe turn the taps off then? The Dow topped 35k for the first time ever but was unable to hold gains and ended its win streak at 5 days. The US cash open sparked pani...
May 7, 2021
DOW ends up over 300 points to record high ahead of April jobs report. New York FED weekly economic index (WEI): index improvement continues. The Market in Perspective Here are the headlines moving the markets. Copper Price Hits All-Time-High In Commodities Bull Run Copper price hit a record high on Thursday as Chinese investors unleashed fresh demand following a five-day holiday. Copper for delivery in July was up 1.71% by 1:42 pm (EDT), with futures at $4.6015 per pound ($10,123 a tonne) o...
May 7, 2021
by Tyler Durden Friday, May 07, 2021 - 08:43 AM Well that escalated quickly. The dismally disappointing payrolls data has sparked chaos across capital markets as investors consider tapering the taper talk. Market-implied Fed Rate expectations collapsed with the odds of a rate-hike before Dec 2022 now less than 50%... The equity market is very mixed as the rotation back to growth explodes with Nasdaq soaring and Small Caps plunging... Treasury yields have crashed to two-month lows... The dolla...
May 7, 2021
US jobs figures fall far short of expectations, ECRIs WLI growth rate marginally improves (SPY +0.7%). DOW and SP 500 record new historic highs. The Market in Perspective Here are the headlines moving the markets. New Mexico Proposes Tougher Emission Rules For Oil & Gas Oil and gas companies in New Mexico may be in for a rude awakening, with a new law that would disallow any oil and gas company exemptions for reducing emissions. The New Mexico Environment Department (NMED) proposes a new rul...
May 7, 2021
by Tyler Durden This was not the shitty jobs data you were looking for... Or put another way... But by the end that difference has converged... The Dow led the way this week, charging to its best week in two months amid terrible jobs data. Nasdaq, on the other hand, is down for the 3rd straight week. Small Caps managed to cling to the flatline... Todays bounce back in Small Caps pushed them to close back above the 50DMA... "Most Shorted" stocks suffered their biggest weekly loss since Oct 2020....
May 7, 2021
Nasdaq explodes higher, gold gains, dollar and bond yields crash after dismal jobs data (SPY +0.4%). April payrolls huge miss: just 266k jobs added on expectations of 1 million. Here is the current market situation from CNN Money European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively. What Is Moving the Markets Here are the headlines moving the markets. Why Exxon And Chevron Are Not Going All-Out In The ...
May 6, 2021
The company - soon to be renamed as Challenger Energy Group - is slated to start drilling at Saffron on or around May 23.
May 6, 2021
Blackstone shareholders will be given priority under a 10,000,000 share priority offer for eligible shareholders with a record date of May 6, 2021.
May 6, 2021
The Moorepark Technology Centre in Cork is designed to facilitate the real-time detection of dangerous pathogens in water and wastewater systems
May 6, 2021
2021-05-06 by Proactive Australia Comet Resources Ltd (ASX:CRL) has multiple potential price catalysts set to take place over the next six months for its multi-commodity portfolio across a range of geographies including Mexico and Australia. Most focus will be on the companys copper and gold assets as it increasing its exposure to these high-value metals. At the RIU Sydney Resources Round-up conference, the company discussed upcoming work programs at the Barraba Copper Project in northern NSW,...