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China economic data too good to be true?

China economic data too good to be true?

Talk about hitting your marks! Second quarter GDP grew in China at a 6.9% year over year rate, Beijing reported over the weekend. The consensus projection called for 6.8% growth. In the first quarter China’s GDP grew at 6.9% year over year. In June Fixed Asset...
Inflation at the wholesale level edges up slightly

Inflation at the wholesale level edges up slightly

A day after Federal Reserve chair Janet Yellen boosted markets with her worries about slow inflation, the Bureau of Labor Statistics released numbers on inflation at the producer level–otherwise known as wholesale inflation–that showed inflation is weak...
Oil market can’t decide what “facts” count

Oil market can’t decide what “facts” count

Sometimes a market will move in response to a new fact reaching traders and investors. Sometimes, though, a financial market will change direction because traders and investors choose to emphasize a different set of facts today than yesterday. And that’s where...
On Monday Manufacturing ISM blew out projections for June

On Monday Manufacturing ISM blew out projections for June

The Institute for Supply Management’s manufacturing index for June released Monday morning climbed to 57.8 from 54.9 in May. That was the highest level of the index, where anything above 50 signals expansion, since 2014. Economists surveyed by Briefing.com had...
Two big deals for Cheniere Energy

Two big deals for Cheniere Energy

Cheniere Energy (LNG) has a significant first-mover advantage, I argued upon picking this stock for my Jubak Picks portfolio, since it was the first U.S. company to get a unrestricted permit to export liquified natural gas. Turning that advantage into revenue and...
Lots of sloshing but no real direction

Lots of sloshing but no real direction

It’s pretty clear that no one wants to exit this market. The indexes aren’t going much of anywhere–the Standard & Poor’s 500 was off just 0.05% at the close today–even as some sectors, such as energy in the early part of this week,...
Today it’s all about oil–again

Today it’s all about oil–again

As of noon New York time, U.S. benchmark set Texas Intermediate was off 2.9% to $42.92 a barrel–below, again, not just $45 but the $43 a barrel level that has provided support. International benchmark Brent crude was off 2.56% to $45.71. A break in Brent below...