Commodities Archive
There’s Something Happening Here: The Evolution Of The Bear
There's something happening here. What it is ain't exactly clear..... There's battle lines being drawn.
- Buffalo Springfield, "For What It's Worth"
Sooner or later in a bear market, even the glory stocks start to come apart.
As ...
Posted by Greg Feirman · 1 Comment »
Revisiting Last Week’s Selloff - It’s All About Oil, The Dollar And Inflation
Every weekend I write a client note in which I attempt to summarize the week's action and highlight significant events. As I was writing it last night I was struggling to make sense of the ...
Posted by Greg Feirman · No Comments »
One Of The Biggest Oil Winners Of The Last Decade Decides To Get Out
June 12, 2008 · Category: Commodities
I sold my Chevron. I sold my Conoco Phillips. I sold my Statoil. I sold my ENSCO. I sold my Pioneer Natural Resources. I sold everything.
- Richard Rainwater, who made about $2 billion investing in energy ...
Posted by Greg Feirman · No Comments »
Job Losses = Dollar Drop = Oil Rise = Stock Market Crash
June 6, 2008 · Category: Commodities, Foreign Exchange, Geopolitics, Macro Economics, Market Commentary
The unemployment rate rose from 5.0 to 5.5 in May, and nonfarm payroll employment continued to trend down (-49,000), the Bureau of Labor Statistics of the US Department of Labor reported today.
- May Jobs Report, ...
Posted by Greg Feirman · No Comments »
Bernanke Talks Up The Dollar
June 3, 2008 · Category: Commodities, Federal Reserve, Foreign Exchange, Inflation, Market Commentary
In collaboration with our colleagues at the Treasury, we continue to carefully monitor developments in foreign exchange markets. The challenges that our economy has faced over the past year or so have generated some downward ...
Posted by Greg Feirman · No Comments »
Oil Market Action Continues To Suggest A Top
May 29, 2008 · Category: Commodities, Market Commentary
This looks like a market that's running out of steam.
- Walter Zimmerman (subscription required), Technical Analyst, ICAP/United Energy
Some more interesting action in the oil market today.
The Energy Information Administration today announced an 8.8 million barrel decline ...
Posted by Greg Feirman · No Comments »
Tuesday Reading: Is Oil A Bubble?
May 27, 2008 · Category: Commodities, Market Commentary
"Is $130 oil a bubble?", CNN, Friday May 23
"The Short View: Commodity Speculation", John Authers, Financial Times, Tuesday May 20
"Whither The Price of Oil?", John Mauldin, Frontline Thoughts, Friday May 23
"High Oil Prices Spur Thoughts ...
Posted by Greg Feirman · No Comments »
Oil Down $4
May 27, 2008 · Category: Commodities, Market Commentary
In the past (Iran) would have put a little bullish impetus in these markets, but it isn't today. Perhaps it's telling.
- Addison Armstrong (subscription required), Analyst, Tradition Energy
The story in financial markets for the last bunch ...
Posted by Greg Feirman · No Comments »
Signs Of A Top In Oil
The trading in the stock market the last few days has been all about oil. And the trading in oil has been all about speculative psychology.
Yesterday, spurred by a surprise drawdown in oil inventories reported ...
Posted by Greg Feirman · No Comments »
Freeport Valuation Bloated Here
April 23, 2008 · Category: Commodities, Stocks
Freeport McMoran (FCX), the largest publicly traded copper company, reported 1st quarter earnings this morning before the open. The numbers were good: revenues up 24%, operating income up 62% and net income up 81%. That's ...
Posted by Greg Feirman · 1 Comment »
