April 14, 2024 @ 6:57 pm | Breaking News |
After Israel and its allies (with the help of some Arab states that don’t want to see a wider Middle East war and who aren’t thrilled with the growing power of Iran and its proxies) succeeded in shooting down almost all of the drones (170), ballistic missiles (120),...
September 12, 2022 @ 1:03 pm | Breaking News |
News this weekend that Ukrainian forces had pushed to the Russian border with the country in the Kharkiv oblast is likely to provoke a big reaction from Russian President Vladimir Putin. It’s not just that Ukrainian forces have advanced but that they have racked...
February 22, 2022 @ 7:08 pm | Breaking News |
Let me start off by making something very clear–the Russian de facto invasion of Ukraine is a very big deal for the people of Ukraine, the separatists regions, and the countries of Eastern Europe. I think we’re looking at the potential for thousands of...
April 24, 2020 @ 7:33 pm | Breaking News |
No big moves. No major disruptions. No threats of meltdowns. Today has been a welcome breather, a bit of stability, for market that’s had more than its share of excitement this week. So far. It’s only 1:30 p.m. in New York. And we could see selling or...
April 15, 2020 @ 7:48 pm | Buy Hold Sell, PANW |
Yesterday in my post “What do you do when the market is insane and you’re not?” I argued that one of the dangers in a very volatile market with strong–and temporarily profitable–short-term trends is that we’ll give in to the...
January 2, 2018 @ 7:13 pm | Breaking News |
As of 12 noon New York time U.S. crude benchmark West Texas Intermediate was off 0.28% but still holding above $60.25 a barrel. International benchmark Brent was off 0.72% but was still holding above $65 at $66.39 a barrel. Prices above $60 are a reflection of market...
August 21, 2017 @ 7:18 pm | Breaking News, Volatility |
A very subdued market so far (at 2 p.m. New York time) today. Maybe its the solar eclipse. After all who wants to put on a long position when the sun is about to be eaten by dragons? As of 2 p.m. the Standard & Poor’s 500 stock index was up just 0.06%. But...
June 7, 2017 @ 7:03 pm | Breaking News |
West Texas Intermediate sank today by 5.04% to $45.76 a barrel. International benchmark Brent crude dropped 3.95% to $48.14%. The fall began with a surprise increase in U.S oil inventories reported by the U.S. Energy Information Administration. Oil stockpiles rose by...
May 19, 2017 @ 7:58 pm | Breaking News |
JubakAm.com doesn’t go quiet on most weekends. And this weekend is no exception. I’ll have posts on Saturday and Sunday about how to profit (and when to buy) from the turmoil in Brazil and how to position your oil holdings and portfolio ahead of next...
February 16, 2017 @ 7:56 pm | Breaking News, Volatility |
Let me share two inside baseball investing posts that I put up today on my paid sites. Yes, that’s sites. Plural. I’ve been busy building a second site, JugglingWithKnives.com, that parallels the focus of my book Juggling With Knives on volatility. If you...
February 1, 2017 @ 4:42 pm | Breaking News, Volatility |
The U.S. Energy Information Administration reported today that U.S. crude inventories climbed by 6.5 million barrels; energy analysts were looking for build of 3.289 million barrels. Gasoline inventories rose by 3.9 million barrels against projections for a build of...
January 31, 2017 @ 4:05 pm | Breaking News |
Sorry to break into the stream of never-ending Trump news, but there is other news driving the markets now. Yesterday, January 30, oil prices fell as another increase in the number of oil rigs at work in the U.S. met skepticism about OPEC’s ability/willingness...
December 21, 2016 @ 7:54 pm | Breaking News, Volatility |
For the week ended December 16, U.S. crude inventories grew by 2.26 million barrels, according to the U.S. Energy Information Administration. Going into this morning’s report, oil analysts had expected stockpiles to fall by 2.3 million barrels. That surprise...
December 13, 2016 @ 7:51 pm | Breaking News |
Oil is up about 17% since OPEC announced that it had agreed to cut output on November 30. That deal was expanded to include important non-OPEC producers on December 10. Is that enough, though, to switch oil supply from surplus to deficit and to cut into global oil...
December 2, 2016 @ 6:49 pm | Breaking News, Volatility, You May Have Missed |
This post originally ran on my subscription site JubakAM.com on December 1. The entire energy sector was up Wednesday on OPEC’s agreement to cut production–but not every stock rose to the same degree. I think these themes defined the way that the market...
November 30, 2016 @ 7:51 pm | Breaking News |
Yesterday I wrote that the financial markets’ reaction to whatever came out of OPEC’s meeting today would depend on how weak or strong the agreement to cut production was. Well, the actual agreement announced today to cut oil production was far stronger...
November 21, 2016 @ 7:51 pm | Breaking News, Volatility |
U.S. oil benchmark West Texas Intermediate surged 3.61% to $47.34 a barrel and international crude benchmark Brent 3.71% to $48.60 a barrel as of 11:45 a.m. New York time today as the market posited a new, optimistic theory about OPEC November 30 meeting. That meeting...
November 16, 2016 @ 11:32 pm | Breaking News, Leading Indicators, Volatility |
Oil prices were all over the chart on Wednesday, November 17, as negative data battled optimistic words. Look out for more days of this war as we get closer to the November 30 meeting of OPEC that is supposed to result (but might not) in an agreement to significantly...
November 14, 2016 @ 7:15 pm | Breaking News, Volatility |
I suspect that today’s “rally” in oil was simple a result of the commodity falling too far, too fast and opening the way for some traders to make a buck or two on the upside. U.S. benchmark West Texas Intermediate fell to $42.24 a barrel as of 11:45...
November 10, 2016 @ 7:23 pm | Breaking News, Leading Indicators, Volatility, You May Have Missed |
The problem with trying to put together a comprehensive guide to the likely investment impacts of a Trump administration on the fly in the day after the election is that you inevitably leave stuff out. This being the Internet, however, it’s easy to add on to...
October 11, 2016 @ 7:45 pm | Breaking News, Leading Indicators, Volatility |
It’s not like U.S. stocks didn’t have enough to worry about today. The bond market priced in the highest level of inflation expectations since May. Oil fell as Russia’s biggest producer Rosneft said it won’t cut output. Alcoa (AA), the company...
February 25, 2011 @ 8:30 am | Leading Indicators |
Is the violence in Libya the last straw for the world’s emerging economies? Or at least for investors in those markets? I certainly think that the big drops in emerging market stock markets are leading some investors to abandon markets that they never felt all that...
February 22, 2011 @ 11:30 am | Leading Indicators |
There’s short-term panic and long-term fear. Both are at work in the financial markets this morning. The common factor, of course, is Libya, where Muammar Gaddafi seems determined to fight for control to “the last man standing” in the words of his son Seif al-Islam....
January 31, 2011 @ 5:23 pm | CHK, Leading Indicators |
Interesting pattern in today’s big winners on the New York Stock Exchange: the list is dominated by the names of relatively small, predominantly domestic energy producers. As of the end of trading in New York today you would have found these stocks among the big...
September 8, 2010 @ 4:59 pm | Update |
Disappointment on Petrobras (PBR). Although it’s disappointment that investors will ultimately get over. The government is charging Petrobras more than expected to buy 5 billion barrels of oil reserves. (Pre-transfer the company has proven reserves of 15 billion...
August 5, 2010 @ 10:30 am | Update |
(I’m on vacation until August 24. Until then JubakPicks.com will operate on a reduced schedule of one or two posts a day. I’ll resume the full schedule when I return.) Forget about news that Petrobras (PBR)–one of the stocks in my long-term...
May 24, 2010 @ 5:20 pm | Update |
The best you can say about Transocean (RIG) is that it has a tin ear for public opinion. The company’s public response to the Deepwater Horizon disaster in April has been to say 1) It wasn’t our fault and 2) We’re not on the hook for very much money. Even if true, and...
May 21, 2010 @ 1:00 pm | Sell |
I’m selling Statoil (STO) on today’s bounce because the euro debt crisis has changed the medium-term fundamentals for this Norwegian oil company. As I wrote in my 12:30 May 21 post...
April 19, 2010 @ 1:46 pm | Leading Indicators |
After the recent rally in oil to $87 a barrel, an increasing number of OPEC (Organization of Petroleum Exporting Countries) members have started to cheat by pumping more oil than quotas allow. News today, April 19, that production from OPEC members increased 4.6% in...
March 16, 2010 @ 8:30 am | Breaking News, Leading Indicators |
Whatever happened to $200 a barrel oil? Maybe it’s just been delayed in transit. A recession in the world’s developed economies can do that. Remember Arjun Murti’s time in the sun when, back in May 2008, the analyst at Goldman Sachs predicted that oil would soon hit...