News: In early February China and Russia released a joint statement declaring there were “no limits” to their cooperation. Russia delayed the Ukrainian invasion until after the Olympics at China’s request. Demonstrating strong cooperation between the two nations, and is a sign that China has no issue with the war. Less than a week ago …
News: I’ve said it before and I’ll say it again. He’s easy to hate on, but the market rallies every time he speaks. The market loves Fed Chair Powell. Yesterday the markets traded deep in the green, he announced the rate increase, which was expected and priced in … Then the markets gave up all …
3/17/22 Happy St Patty’s Day … Did I Mention the Market Loves Powell? Read More »
News: Tomorrow will mark three weeks since the Russian assault on Ukraine began. We’ve learned that war is unpredictable. Today Ukrainian President Zelensky is scheduled to address U.S. Congress. I don’t expect his speech will move the market. Oil is still trading below $100 after China imposed a new lockdown on about 37 million citizens. …
News: China is reporting a significant increase in Covid cases, the highest levels since the initial outbreak in March of 2020. According to reports, it is due to the Omicron variant. In the states, the CDC now says that 98% of Americans can return to life as normal. But China is very different with their …
News: Markets sold off again on Friday. Oil appears to have stabilized just above $100 per barrel. The Russian offensive against Ukraine appears to have slowed. The latest report says Russia is now asking China for assistance. This war could take some time. Until we have some resolution, expect oil prices to remain high. The …
News: New inflation numbers revealed inflation is still high … big surprise! After gaping down, markets finished in the red yesterday. Though well off their lows and near session highs. Russia claims to have enough buyers for its oil even after all the sanctions. Although life in Russia is very different than it was just …
3/11/22 Inflation Still High … Volatility Behind, Volatility Ahead Read More »
News: Markets posted big gains across the board yesterday after Ukraine’s President mentioned he’d “cooled” on his NATO membership application. The war has not slowed down. Reports came in yesterday of a Russian airstrike destroying a hospital. After hours AMZN stock popped after announcing a 20-to-1 stock split. They are following on the heels of …
News: Markets went on an insane ride yesterday. After starting off deep in the red they headed well, +1%, into the green, only to give it all back up and close in the red. The volatile session came on the heels of the US & UK’s ban on Russian Oil. MCD, KO, PEP, SBUX withdrew …
News: Markets declined sharply yesterday but in an orderly fashion. This is an indication that this is the way the market wants to go. Not just a knee-jerk reaction. The Nasdaq closed in Bear market territory, down more than 20% from November’s highs, joining the Russell 2000. The Dow closed in correction territory, down more …
News: Russia continues to bomb and kill civilians in Ukraine. The west is still doing what it can while refusing to stop him. Western companies have stopped going business with Russia and there are now talks of banning Russian oil from the international marketplace. On that news, oil spiked to $125+ per barrel. Gas prices …
3/7/22 Oil, Gold, Bitcoin and The Long War Ahead Read More »
