More Signals Of The Downturn, Globally Synchronized
Article By:
Jeffrey P. Snider
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Thursday, December 5, 2019 6:34 PM EST
Globally synchronized downturn took a little while, but, as we’ve said all year, the US was just following places like Germany and China as they absorbed the more immediate effects of the global dollar shortage first.
Natural Gas Crossing Fingers For A Rally
Article By:
Chuck Kowalski
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Thursday, December 5, 2019 5:31 PM EST
Natural gas futures are burdened by ample supplies and rallies will likely be shallow in the forseeable future.
In this article: UNG
Gold & Silver Stocks Belie CoT Caution
Article By:
Gary Tanashian
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Thursday, December 5, 2019 4:54 PM EST
Four producers and one royalty all trending up and saying the same thing; quality is getting a head start and leading the whole raft of items higher in 2020 as the metals work through much needed corrections.
NFP Preview: Weak Labor Market May Outweigh GM-UAW Boost
Article By:
Matt Weller
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Thursday, December 5, 2019 4:39 PM EST
Three of the four leading indicators are pointing to a deteriorating labor market. This month’s report may benefit from the 46,000 United Auto Workers returning to General Motors, a temporary factor that hurt last month’s jobs report.
CAB, PMI And WTI Relationship
Article By:
Todd Sullivan
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Thursday, December 5, 2019 4:14 PM EST
It is interesting to compare two market psychology driven measures, WTI and PMI (Purchasing Managers Index) with CAB (Chemical Activity Barometer), a mostly economic indicator based on chemical production and shipment activity.
In this article: OIL
Warning Signs Flash As High Yield Corporate Debt Mounts
Article By:
Interactive Brokers
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Thursday, December 5, 2019 3:00 PM EST
The allure of higher-yielding, U.S. dollar-denominated corporate bonds has led to a massive spike in issuance volumes, along with heightened risks of refinancing failures and potential defaults.
Aramco Prices IPO At Top-End Of Range: Raises Record $25.6BN In World's Biggest IPO
Article By:
Tyler Durden
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Thursday, December 5, 2019 2:48 PM EST
Saudi Aramco just priced its IPO at the high end of the targeted range, selling 3 billion shares or a 1.5% stake at 32 riyals ($8.53) per share for a total of $25.6 billion, and giving the oil giant a market valuation of $1.7 trillion.
Miners Firm Up
Article By:
Tim Knight
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Thursday, December 5, 2019 2:38 PM EST
It looks like the precious metals miners have a good shot at success.
In this article: DUST
EUR/GBP Touches 2.5-Year Low, But More Downside Potential Remains
Article By:
Matt Weller
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Thursday, December 5, 2019 2:28 PM EST
The British pound is once again the strongest major currency on the day…but more to the point, it’s also making a run at the Canadian dollar for the strongest major currency on the year.