Doc is with us today to outline a scenario where he sees bonds and US markets topping together. While both have been strong recently he is not saying this will happen tomorrow. It’s not typical to see both these markets move down together so the bigger picture view would be very negative if this happens.
Phil O’Neill, President of MP1 Capital joins me today to outline the financing activity he is seeing in the metals sector. We discuss the Tudor Gold placement that Phil took part in and what drew him in. This leads to a full discussion on the key factors to look for within companies when investing.
Click here to visit Phil’s blog and follow along with what he is investing in. Please email me with any comments or questions for Phil – Fleck@kereport.com.
Weigh in with what you think below. I will be chatting to a couple people shortly after the meeting to get some more insights.
Here is a breakdown of the EIA data released today for the oil market courtesy of Josef Schachter, Founder of The Schachter Energy Report.
The EIA oil data today was overall bullish and as a result oil prices are holding above US$59/b.
- Crude inventories fell by 9.6Mb versus the expectation of a decline of 3Mb.
- Motor gasoline inventories fell by 4.6Mb as winter grades are run down by refineries.
- Distillate inventories fell by 4.1Mb for the same reason.
- Nearly half of the decline was due to net imports falling 660Kb/d or 4.62Mb on the week.
- US production rose by 100Kb/d back to 12.1Mb/d – the highest level seen so far.
- Demand grew by 683Kb/d for total product supplied to 21.5Mb/d while gasoline demand lifted by 269Kb/d to 9.4MNb/d.
With spring here we should start to see a seasonal build in inventories and when this occurs we expect to see crude prices retreat.
Raghee Horner, Futures and currency Expert and Simpler Trading joins me today to share her thoughts how the USD and US markets are moving heading into the Fed meeting. We also discuss the keys to watch for in the statement today.
Chris Temple joins me to outline why we saw the sell-off into the market close today. Maybe it was just traders locking in some gains before the Fed or maybe it was thanks to the update on trade talks referring to China not giving as much as Trump wants. We also quickly touch on a new recommendation Chris just made that he is very excited about.
Allison Ostrander, Director of Risk Tolerance at Simpler Trading joins me to share her thoughts on a few select stocks. We start with Boeing that has been in the news a lot recently due to the issues with the 747 Max 8 airplane. The stock has taken a hit but recently bounced right off resistance. W then move in to the tech sector which also has been moving higher since late last year. Microsoft is back to all time highs but the other high fliers are still a little ways off.
Over the past couple months I have noticed a lot more companies announcing private placements. There have been some big deals and a number of small deals with a lot of deals that are struggling to close. David Erfle, Founder of The Junior Miner Junky joins me to share his thoughts on this pick up and what he looks for when deciding whether to invest in any of the placements.
Click here to learn more about David’s newsletter or email me at Fleck@kereport.com.
Joel Elconin, Co-Host of the Benzinga Pre-Market Show joins me to share his thoughts on the buy everything attitude for investors. Now that the S&P has continued higher this week there is very little/no resistance left until the 2,900 region. We discuss just how important the Fed is to this rally as well as the relative out-performance of the US to every other country.
Chris Temple joins me today to outline the expectantly slow markets as we all await the upcoming Fed statement on Wednesday. We also touch on the ongoing trade talks for the US and China as well as Europe. Finally oil, which had a strong weekly close, is disused. As the energy stocks have continued to lag the question is how this couple impact the broad averages.