The Equation That Explains It All

There’s only one word for it now as to explain just how beholden the market is adhering to, and repeating the below calculus. And it just so has it, Einstein said it best: “Insanity.”

WTI Pops Despite Biggest Cushing Inventory Build Since 2008

With OPEC behind us, perhaps the market's focus will swing back to fundamentals (as opposed to headlines) and following last week's huge build across products, API reported the second week in a row of crude inventory draws (bigger than the expected 1.37mm drop). However, Gasoline and Distillates saw major builds but Cushing inventories rose over 4mm barrels - the most since 2008. WTI seemed to focus on the crude draw at first...

Trader Exclaims "Markets Are In An Alternate Universe"

"This has been a momentum-driven market rather than one driven by well-reasoned fundamental analysis... It’s amazing what pseudo-intellectual havoc can be caused by a couple hundred points bounce in the markets..."

Is Trump Calling Out Xi Jinping?

Across Asia, every capital is waiting to see how Xi Jinping responds, for a matter of face would seem to be involved.

Not Remotely Data Dependent

Should the FOMC “hike” in December, it will again have nothing to do with economy or recovery.

Trump Sold All His Stocks In June

Donald Trump sold all of his shares in companies in June, according to a Trump spokesman, a move that would have raised substantial cash ahead of the presidential election and could ease concerns about potential conflicts of interest.