Crude
Global Stocks, Futures Dragged Lower By Commodities As Oil Slumps Back Under $37
Submitted by Tyler Durden on 12/30/2015 07:02 -0500- 7 Year Treasury
- Apple
- Bank of America
- Bank of America
- Bond
- China
- Copper
- Creditors
- Crude
- Crude Oil
- default
- Economic Calendar
- Equity Markets
- European Central Bank
- Germany
- Hong Kong
- India
- Italy
- KKR
- Kuwait
- Market Manipulation
- Market Sentiment
- Merrill
- Merrill Lynch
- Mexico
- Natural Gas
- New Zealand
- Newspaper
- OPEC
- PIMCO
- Puerto Rico
- Swiss Banks
- Switzerland
- Yuan
With just two days left in 2015, the main driver of overnight global stocks and US equity futures remains the most familiar one of all of 2015 - crude oil, which, after its latest torrid bounce yesterday has resumed the familiar "yoyo" mode, and again stumbled dropping below $37 on yesterday's surprising API 2.9 million crude inventory build, as well several more long-term "forecasts" by OPEC members, with Kuwait now budgeting for $30 oil, while Venezuela's Maduro said the oil price fell to $28/bbl and is "headed downward." As a result U.S. futures declined and European stocks fell, extending their worst December drop since 2002 in thin volume on the last full trading day of the year.
The "Perks" Of Being An ISIS Jihadist
Submitted by Tyler Durden on 12/29/2015 21:30 -0500In addition to receiving a salary and a constant stream of weapons courtesy of regional Sunni benefactors, and on top of being allowed to live in a perpetual state of dark, bacchanalian revelry, Islamic State soldiers also recieve 20% of the "loot" in captured territory and belong to a kind of militant Sam's Club which guarantees a 50% discount on a variety of fun items.
With Stock At 15-Year Low, Freeport Co-Founder Walks Away With $80 Million Golden Parachute
Submitted by Tyler Durden on 12/29/2015 20:30 -0500"On one occasion, he told shareholders worried about the prospects of a gas well that they needed only to 'Trust Jim Bob'"...
Why Energy Investors Are Hoping Saudi Arabia And Iran's Oil Price Forecasts Are Dead Wrong
Submitted by Tyler Durden on 12/29/2015 18:57 -0500"At current prices we estimate that valuations for the oil and gas group reflect an implied Brent crude oil price in the range of $65-70/bbl while natural gas leveraged companies reflect a Henry Hub natural gas price in the range of $3.00/Mcf."
The Russian Economy Is Cracking, "Social Unrest" Coming In "A Few Months", Official Warns
Submitted by Tyler Durden on 12/29/2015 18:00 -0500As the ruble plunges to record lows against the dollar, we take a close look at the outlook for inflation and GDP growth in 2016 in the context of The Kremlin's budget, which assumes $50/bbl crude. We also ask whether the deficit - expected to balloon to 4.4% of GDP in the event oil hovers around $35/bbl - will grow as a result of a planned bailout for insolvent state lender VEB.
Santelli Thanks Plunge Protection Team As Bond Bloodbath Sparks Buying Frenzy In Stocks & Commodities
Submitted by Tyler Durden on 12/29/2015 17:34 -0500WTI Crude Surges Back To $38 Ahead Of API Data
Submitted by Tyler Durden on 12/29/2015 14:37 -0500It appears $38 is the new strange attractor for WTI Crude oil as it coincides with the last two weeks' "opposites" inventory data releases. Brent and WTI continue to hug each other for the 3rd day in a row. We await tonight's API inventory data (expected to see a 2.5mm draw) for the next move in crude (and therefore US equities).
"2016 Will Be No Fun" - Doug Kass Unveils 15 Surprises For The Year Ahead
Submitted by Tyler Durden on 12/29/2015 11:36 -0500- American Express
- Andrew Ross Sorkin
- Apple
- B+
- BAC
- Bank of America
- Bank of America
- Berkshire Hathaway
- Bernie Sanders
- Bill Gates
- Boeing
- Bond
- Book Value
- Capital Expenditures
- Carl Icahn
- Chesapeake Energy
- China
- Citigroup
- Comcast
- Crude
- dark pools
- Dark Pools
- David Faber
- Donald Trump
- Doug Kass
- Dow Jones Industrial Average
- Elizabeth Warren
- ETC
- European Union
- Federal Reserve
- Florida
- Ford
- Fox Business
- France
- General Motors
- goldman sachs
- Goldman Sachs
- GOOG
- Greece
- HFT
- Housing Market
- Janet Yellen
- Joe Kernen
- JPMorgan Chase
- Morgan Stanley
- MSNBC
- NASDAQ
- NBC
- New York City
- New York Stock Exchange
- New York Times
- Nominal GDP
- President Obama
- Real estate
- Recession
- recovery
- REITs
- Sears
- Stagflation
- Unemployment
- Vladimir Putin
- Warren Buffett
- Wells Fargo
- Yield Curve
My overriding theme and the central drama for the coming year is that unexpected events can take on greater importance as the Federal Reserve ends its near-decade-long Zero Interest Rate Policy. Consensus premises and forecasts will likely fall flat, in a rather spectacular manner. The low-conviction and directionless market that we saw in 2015 could become a no-conviction and very-much-directed market (i.e. one that's directed lower) in 2016. There will be no peace on earth in 2016, and our markets could lose a cushion of protection as valuations contract. (Just as "malinvestment" represented a key theme this year, we expect a compression of price-to-earnings ratios to serve as a big market driver in 2016.) In other words, we don't think 2016 will be fun.
In The "Year When Nothing Worked", This Handful Of Traders Made Billions
Submitted by Tyler Durden on 12/29/2015 09:52 -0500
While most hedge funds will be glad to close the books on a year in which they once again dramatically underperformed a market which hugged the flatline courtesy of just a few stocks (even as most stocks posted substantial declines) and where "hedge fund hotels" such as Valeant suffered dramatic implosions, a handful of traders generated impressive returns for their investors and made billions by going against the herd.
Markets Are Going Nuts
Submitted by Tyler Durden on 12/29/2015 08:56 -0500From stocks (Dow up 460 points from pre-Christmas lows) and VIX (futures getting whacked), to FX (total craziness in EUR and GBP); and from Bonds (2Y underperforming this morning!) to Commodities (Copper soaring almost 3%, Crude spiking), it appears markets have gone nuts this morning...
Erdogan Says Assad "Mercilessly Killed 400,000 People", Accuses Opposition Of "Treason"
Submitted by Tyler Durden on 12/29/2015 08:15 -0500"You cannot go anywhere by supporting a regime that has mercilessly killed 400,000 innocent people with conventional and chemical weapons."
"I believe that the treachery network dealing a blow to our country's unity will learn a lesson it deserves."
Global Stocks Rebound, US Stocks To Reopen Back In The Green For 2015 As Oil Halts Slide
Submitted by Tyler Durden on 12/29/2015 06:58 -0500Santa Claus is cutting it close: after stocks closed down yesterday, and just fractionally red for the year, the jolly old gift-giver (who now has activist investors breathing down his neck) has just three trading days to push if not stocks then the market into the green for the year. And so far, so good, with US equity futures rising by 8 points or 0.4%, on the back of some modest renewed Dollar strength but mostly on oil, which after yesterday's big slide, has managed to stem the decline and is up fractionally, just under $37, along with other commodities if not copper, which falls for second day.
Falling Interest Causes Falling Profits
Submitted by Gold Standard Institute on 12/29/2015 01:45 -0500Most people assume that prices move as a result of changes in the money supply. Instead, let’s look at the effect of changes in interest.
Caught On Tape: Russia Unleashes Massive Bombing Raid On Militant Convoy
Submitted by Tyler Durden on 12/28/2015 23:49 -0500
China Crash Sparks Holiday Hangover In Stocks & Commodities, Curve Flattens To 9-Month Lows
Submitted by Tyler Durden on 12/28/2015 16:05 -0500




