With US markets pushing higher to new highs on the back of a slightly more hawkish Fed there are some internals that need to be noted. Joel Elconin, Co-Host of the Benzinga Pre-Market Prep Show joins me for a couple comments on these market internals. We start with the quadruple witching day which is tomorrow and typically results in some noteworthy swings beforehand and possible trend changes. We also discuss Microsoft and Target which just announced share buybacks and an increase in dividends in Microsoft’s case.
Ed Moya, Senior Market Analyst at OANDA joins me for a look at the volatility in the oil price and the upcoming Fed statement tomorrow. With geopolitical dark clouds hanging over a number of markets we are seeing investors continue to diversify into a wide range of assets. As for the Fed, they are very market reactive and even with markets near all time highs and recent inflation data at and above the 2% target the expectation is still for a 25 basis point cut.
Chris Temple, Founder of the National Investor joins me for a look at the significance of the recent attacks on the Saudi oilfields over the weekend. This is causing the price of crude to spike however it very well could be very short lived. What’s important for investors is to look at an reaction from other countries especially the US. Also will this bounce have any impacts on future economic data?
It was a crazy Friday for markets! After a slow week all eyes were on Jerome Powell and his speech at Jackson Hole. However China and Trump stole the day with tariffs and tweets. This caused equity markets and the Dollar to crash as gold and treasuries were bought throughout the day.
On this weekend’s show we touch on all the market moves and make like of what it all means for the long term. Take note of the special offer in segment 4 to get a free pair of tickets to the Schachter Energy Conference that I will be attending this year.
As always email me at Fleck@kereport.com with companies you like topics you want me to cover.
- Segment 1 – Marc Chandler, Managing Partner at Bannockburn Global ForEx recaps all the market moving news on Friday. We also look at how the currency markets, gold market, and bond market responded.
- Segment 2 – Dana Lyons, Fund Manager in Chicago shares his views on the health of the US markets and rise in gold.
- Segment 3 – Erik Wetterling, Founder of The Hedgeless Horseman provides his thoughts on Novo Resources and the recent news from the Egina Property.
- Segment 4 – Josef Schachter, Founder of The Schachter Energy Report dives in the oil market and outlines his thoughts for the short and medium term. We also discuss the conference the Josef runs in Calgary on October 19th. I will be attending for the first time this year. Email me with the subject line KER Contest and you could win 2 free VIP tickets.
Exclusive Company Interviews This Week
- IsoEnergy – Comparing this Uranium explorer to the overall sector and an overview of this year’s exploration
- Blackrock Gold – Looking ahead to drilling next month in Nevada
- Anaconda Mining – Diving Into The Q2 Financials and Recapping A Busy July
- Skeena Resources – Drilling at Eskay and an update on the PEA and metallurgy
August 21, 2019
Note from Dudley:
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