Archive - 2017

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February 22nd

Mnuchin Praises Strong Dollar, Adds To Currency Confusion

“For longer-term purposes, an appreciation of the dollar is a good thing, and I would expect longer-term, as you’ve seen over periods of time, the dollar does appreciate. “In the short term, there are certain aspects [of a strong currency] that are positive about the dollar for our economy and there are certain aspects that are not as positive."

We Need Hope

"When faced with bad news week after week, it’s easy to despair of humanity’s future. But we can’t let the evils of politics convince us that change for the better is impossible. We have to hope."

Oil Bounces After Surprise Inventory Draw

While OPEC compliance remains key, it appears fundamental over-supply fears are mounting once again. Against expectations of a crude build and gasoline draw, API reported a surprise crude draw but smaller than expected gasoline draw. Cushing also saw a major drawdown and Distillates saw the biggest draw since Oct 2014. WTI and RBOB prices were marginally higher on the print.

Watch Live As The Last Remaining Standing Rock Protesters Are Evicted By Police

After nearly a year since the first protest camp sprung up in opposition to the Dakota Access Pipeline, all remaining Standing Rock protesters will officially be evicted today in compliance with an executive order signed last week by North Dakota Governor Doug Burgum...will it be a non-event or will we see one more round of fireworks?