Crude Oil
This Is Why $20 Oil Is A Possibility
Submitted by Tyler Durden on 12/08/2015 10:21 -0500The day of reckoning has arrived for the oil price. After a year of "Oil Price Crash" in October the world managed record production of 97.09 Mbpd. Production momentum built in the period of high price, 2007 to 2014, is proving very difficult to switch off. It must be switched off and it seems to me the most likely scenario is sharply lower oil price in the near term.
Global Stocks, US Futures Tumble As Emerging Market Turmoil Is Set For A Dramatic Comeback
Submitted by Tyler Durden on 12/08/2015 06:53 -0500- Australia
- Auto Sales
- Bank of International Settlements
- Bond
- Canadian Dollar
- China
- Consumer Credit
- Copper
- Crude
- Crude Oil
- Donald Trump
- Equity Markets
- Exxon
- fixed
- France
- headlines
- India
- International Energy Agency
- Iran
- Jim Reid
- Market Conditions
- Market Share
- Natural Gas
- NFIB
- Nikkei
- Nominal GDP
- OPEC
- Precious Metals
- Price Action
- RANSquawk
- Reality
- Recession
- recovery
- Reserve Currency
- Reuters
- Saudi Arabia
- South Carolina
- St Louis Fed
- St. Louis Fed
- Swiss National Bank
- Yuan
Over the weekend, in its latest quarterly presentation, the Bank of International Settlements made what may have been a very premature assessment that China is now contained. Judging by events in the past 24 hours, the reality is anything but.
The Era Of The Rock-Star Central Banker Is Far From Over
Submitted by Tyler Durden on 12/07/2015 12:53 -0500Paul Volcker and Alan Greenspan were the Elvis and Beatles of this movement – the first to see widespread fame for their efforts. Then came Ben Bernanke, perhaps the Jimi Hendrix or Led Zeppelin of his day, taking existing tools and pushing them in new, previously unconsidered, directions. Now, we have Janet Yellen and Mario Draghi, whose legacies are as yet undefined. They may end up like the next generation of rock stars from the 1970s – something like Bruce Springsteen, with a deep focus on common people in his music. Or, they could be the Bee Gees, who focused simply on commercial success. Only time will tell.
European, Asian Stocks Jump As Iron Ore Joins Oil Below $40 For First Time Since May 2009
Submitted by Tyler Durden on 12/07/2015 06:57 -0500- Australia
- Bank of International Settlements
- Barclays
- BOE
- Bond
- China
- Consumer Credit
- Copper
- Crude
- Crude Oil
- default
- Economic Calendar
- Equity Markets
- France
- goldman sachs
- Goldman Sachs
- headlines
- High Yield
- Indiana
- Iraq
- Japan
- Jim Reid
- Market Conditions
- Monetary Policy
- NASDAQ
- Nikkei
- OPEC
- Precious Metals
- Price Action
- Prudential
- RANSquawk
- Recession
- recovery
- St Louis Fed
- St. Louis Fed
- Trade Deficit
- Unemployment
With Draghi's Friday comments, which as we noted previously were meant solely to push markets higher, taking place after both Europe and Asia closed for the week, today has been a session of catch up for both Asian and Europe, with Japan and China up 1% and 0.3% respectively, and Europe surging 1.4%, pushing government bond yields lower as the dollar resumes its climb on expectations that Draghi will jawbone the European currency lower once more, which in turn forced Goldman to announce two hours ago that it is "scaling back our expectation for Euro downside."
Iraq May Seek "Direct Military Intervention From Russia" To Expel Turkish Troops
Submitted by Tyler Durden on 12/06/2015 23:42 -0500Iraq “may soon ask Russia for direct military intervention in response to the Turkish invasion and the violation of Iraqi sovereignty."
Futures Rebound On Hope Today's "Most Important Ever" Jobs Number Will Not "Draghi" The Market
Submitted by Tyler Durden on 12/04/2015 06:51 -0500Optimism in US equity futures appears to have returned, and as of this moment US equity futures are higher by 9 points to 2060 as the attention shifts to what, according to BofA, is truly the most important ever. It is unclear just how the algos would take a second consecutive major disappointment in a row: should today's NFP print be well below the 200,000 consensus, December rate hike odd will tumble and the EUR will surge even more after declining modestly from overnight highs just below 1.10, leading to even more losses in European equities and spilling over to the US.
European Stocks, US Futures Surge On Last Minute Hopes Of "Extraordinary Policy Easing" By Mario Draghi
Submitted by Tyler Durden on 12/03/2015 06:52 -0500- Australia
- B+
- Bank of America
- Bank of America
- Barclays
- Beige Book
- Bond
- China
- Citigroup
- Continuing Claims
- Copper
- CPI
- Crude
- Crude Oil
- Equity Markets
- Eurozone
- Federal Reserve
- fixed
- France
- Germany
- goldman sachs
- Goldman Sachs
- headlines
- India
- Initial Jobless Claims
- Italy
- Janet Yellen
- Japan
- Jim Reid
- Joint Economic Committee
- Markit
- Morgan Stanley
- Nikkei
- OPEC
- Precious Metals
- Price Action
- Rating Agency
- ratings
- Real estate
- Recession
- recovery
- San Francisco Fed
- Saudi Arabia
- State Street
- Trade Deficit
- Turkey
- Wells Fargo
- Yen
Yesterday's market swoon which unwound all of Tuesday's gains on concerns about a hawkish Fed and fears about terrorism in the US, are now completely forgotten, and have been replaced with the latest daily round of pre-ECB euphoria, driven by hopes that Mario Draghi will announce even more dovish details to Europe's Q€ 2 than just a 10 bps rate cut and a boost to QE more than €10 billion, both of which have been already priced in.
An Angry Iraq Demands Security Council Investigation Into "Criminals" Smuggling ISIS Crude
Submitted by Tyler Durden on 12/02/2015 16:30 -0500"The US Security Council is requested to form committees to put in effect the previously adopted resolutions on smuggling. According to said resolutions, all involved in these activities, be they individuals, companies or states, will be branded as criminals."
US Equities Hit Air-Pocket As Oil Breaks Below $41
Submitted by Tyler Durden on 12/02/2015 11:15 -0500US equity makrets appeared to decoupled from their long-run driver USDJPY around the time ADP data was released. Since then stocks have tracked crude oil, which thanks to its OPEC-comment-driven stop run, and DOE data is now tumbling...
Oil Traders Punk'd By Schizophrenic Comments From OPEC
Submitted by Tyler Durden on 12/02/2015 10:24 -0500And so it begins...
Hedge Funds Have Never Been This Short Gold
Submitted by Tyler Durden on 12/02/2015 10:10 -0500After the worst monthly performance since 2013 and the weakest close since February 2010, it appears "managed money" has piled in to the momentum trade. According to CFTC, hedge funds have never been more short gold (slashing long bets and increasing short beta by around 11 million ounces net in the last week). But gold is not alone as 15 of the 24 commodities tracked by CFTC showed sentiment swinging more bearish last week (with Brent and WTI also at their most-bearish positioning on record). And this is happening as November US Mint gold coin sales rose 86% YoY.
Saudis Prepared To Listen At OPEC Meeting
Submitted by Tyler Durden on 12/02/2015 09:52 -0500“We will listen, and then decide,” he said on Tuesday upon his arrival in Vienna, trying to tamp down speculation that the outcome is preordained. When asked if OPEC’s strategy of pursuing market share was working, al-Naimi was coy. “What strategy?” he said. “Who said we’re keeping market share?” Despite al-Naimi’s assurances that the Saudi delegation won’t dictate policy to OPEC, his voice is the only one that counts.
European Stocks Jump As Inflation Disappoints, US Futures Flat Ahead Of Yellen Speech
Submitted by Tyler Durden on 12/02/2015 06:47 -0500- Aussie
- Australia
- Australian Dollar
- Beige Book
- Bond
- Brazil
- China
- Copper
- CPI
- Creditors
- Crude
- Crude Oil
- default
- Equity Markets
- Eurozone
- Federal Reserve
- fixed
- France
- Germany
- headlines
- Italy
- Janet Yellen
- Japan
- Jim Reid
- Joint Economic Committee
- Market Share
- Mexico
- Nikkei
- OPEC
- Price Action
- Puerto Rico
- Real estate
- Recession
- recovery
- Saudi Arabia
- Shenzhen
- Sun King
- Turkey
- Unemployment
It is only logical that a day after the S&P500 surged, hitting Goldman's 2016 target of 2,100 more than a year early because the US manufacturing sector entered into a recession, that Europe would follow and when Eurostat reported an hour ago that European headline inflation of 0.1% missed expectations of a modest 0.2% increase (core rising 0.9% vs Exp. 1.1%), European stocks predictably surged not on any improvement to fundamentals of course, but simply because the EURUSD stumbled once more, sliding by 40 pips to a session low below the 1.06 level.
Global Stocks Start Off December With A Bang, US Equity Futures Rebound; Yuan Drops
Submitted by Tyler Durden on 12/01/2015 06:56 -0500- AIG
- Australia
- B+
- Bank of England
- Barack Obama
- Bear Stearns
- BOE
- Bond
- Borrowing Costs
- Central Banks
- Chicago PMI
- China
- Citigroup
- Consumer Prices
- Copper
- CPI
- Crude
- Crude Oil
- Dallas Fed
- European Central Bank
- France
- Germany
- Global Economy
- Greenlight
- High Yield
- India
- Investor Sentiment
- Italy
- Jim Reid
- Markit
- Mexico
- Monetary Policy
- Nikkei
- OPEC
- RANSquawk
- Reality
- recovery
- Stress Test
- Turkey
- Unemployment
- Volatility
- Yuan
There was something for everyone in last night's much anticipated Chinese PMI data, with the official number sliding to the lowest in over 3 years, suggesting the PBOC will need to do more stimulus and is thus bullish, while the unoffocial Caixin print rising to the highest since June, suggesting whatever the PBOC is doing is working, and is also bullish. Not unexpectedly, global stocks decided to take the bullish way out, and have risen across the globe led by Asia, where stocks rose as much as 1.8%, Europe also green and US equity futures up 10 points as of this writing.



