Drone strikes on the heart of the Saudi oil industry forced the kingdom to shut down half its crude production on Saturday, amounting to a loss of about 5M barrels a day, or roughly 5% of the world’s daily production of crude oil, WSJ reports.
According to the Census Bureau, auto sales in the US may be on the upswing.Rising 6.8% year-over-year in August, it was the highest rate in nearly three years for retail sales of automobiles.
The core reading of the Consumer Price Index (CPI), which excludes food and energy, rose 0.3% last month and accelerated to a 2.4% annual pace.
While major equity indices are essentially unchanged, that conceals the true state of the equity market.
An inverted yield curve historically projects a recession around 22 months after the inversion.Events like the trade war and Fed policy are right now bigger economic indicators than the curve.
Inflation numbers come in hotter than expected.US/China trade war cools a little.Bond market with a major reversal on Thursday.
Gold prices have dropped almost 4% in the past 5 days.This may be a good potential entry point.Gold-miners offer a strategic trade for those with a stomach of iron.
High frequency indicators can give us a nearly up-to-the-moment view of the economy.The metrics are divided into long leading, short leading, and coincident indicators.
The Conference Board's Employment Trends Index continues to forecast slowing employment growth.Econintersect's employment forecast (which uses an entirely different approach) also continues to forecast a slower employment growth rate.
Gold falls from the high after an impressive breakout to the upside.An overdue correction.Gold will find a higher bottom.
Gold stalled and reversed hard because speculators’ leveraged gold futures bets had grown too excessively bullish. Their longs were up near all-time-record highs, and their shorts were down near bull-market lows.
USDA weekly net export sales report strong with all grains posting greater sales than the prior week; wheat and soybeans higher than trade estimates.
A shift from "Growth" to "Value" leaves many investors wondering how to navigate this “mean reversion” trade.
The two catalysts for a potential major move higher or big headwind in the marketplace.The upcoming Fed meeting.
The fact that the market came down to close below $12.86, activated the Buy 1 (B1) level at $12.30 and the Buy 2 (B2) level of $11.94.
This week saw the EIA report +78 Bcf for the week ending Sept. 6. This was lower than our forecast of +79 Bcf.
Germany appears to be in the middle of a recession right now and the prospects for economic growth over the two following years seem dismal, at best.
Disney (NYSE:DIS) CEO Bob Iger resigned from the board at Apple (NASDAQ:AAPL) this week, the same day that Apple unveiled details for its upcoming TV streaming service.
The major stock market indexes finished little changed on the day but logged a third consecutive week of gains to come within striking distance of all-time highs.
Update: Reuters sources put the valuation at $10-12B.Original: WeWork’s (WE) valuation could drop below $15B, sources tell CNBC’s David Faber.