There are two big events into year end, and both occur this month for the Oil Market. A surprise September Rate hike, and OPEC side meeting in Algiers.
When will the mainstream financial media do their job and start calling Fed Officials out for switching from the Core Inflation metric to justify a continuance of ZIRP? The actual Inflation Rate is already above the Fed`s stated target of 2 percent.
We look at some key technical levels in the S&P 500 in this video. Just remember still plenty of Central Bank money hitting financial markets each month.
There are often unintended market consequences of adopting various market strategies, such as the Bank of Japan going into negative interest rates territory.
Analysts at Investment Banks are pretty bad in general, but the energy analysts require skillsets that fetch much higher pay in other roles in the Finance World.
We think the U.S. Dollar is undervalued going into this week on a short term basis, and should move back above 95 going into Jackson Hole`s annual monetary policy symposium Thursday and Friday.
With the record level of Oil production by the Saudis in July and August a freeze at these levels is absolutely meaningless and bearish for the oil market rebalancing anytime soon.
