Podcast appearances and mentions of Brent Crude

MARKET WRAP: ASX200: down 0.45%, 8348 GOLD: $3,334 US/ounce BITCOIN: $171,650 AUD BNPL pioneer Zip fell 6.5% to $1.87 after rival Klarna warned it was seeing more customers struggling to repay their loans. Wesfarmers expects losses in its lithium business, with shares down 1.2% to $83.90. Brent Crude fell back below $65 US a barrel, wiping 1.3% from Woodside and 0.9% from Santos. Rio Tinto CEO Jakob Stausholm will step down later in the year. Fortescue also announced aftermarket that its energy head Mark Hutchinson would exit the company after almost three years. SKS Technologies, soaring 21% after securing a $100 million contract for a data centre project. Northern Star Resources up 5.4% and Newmont 2.3% higher. Insurer IAG was up by 2.7% after the ACCC cleared the way for it to buy RACQ. See omnystudio.com/listener for privacy information.

#RUSSIA:PLUNGING WITH BRENT CRUDE. MICHAEL BERNSTAM, HOOVER JANUARY 1930

This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comI don't normally put out market commentary on a Sunday, especially on a Sunday evening, but the events of last week were so extraordinary I feel I have to.We are in full-on crash mode, it seems. The price action reminds me of the Covid panic or even 2008. It almost doesn't matter what you own. Portfolios around the world have been battered.The declines in the final two days of last week, since so-called “Liberation Day”, when President Trump announced his tariffs, are roughly as follows:* Bitcoin: -1%* Gold: -3%* S&P 500: -9%* Nasdaq: -10%* Brent Crude: -12.5%* Copper: -13% (phew!)Magnificent Seven:* MSFT: -6%* GOOGL: -7%* AMZN: -13%* META: -14%* NVDA: -15%* TSLA: -15%* AAPL: -17%We are, of course, very long gold and bitcoin here at The Flying Frisby, so I guess we've come out of this comparatively unscathed. What's more, we have a good allocation to wealth preservation in the Dolce Far Niente portfolio. But our speculative positions, like everyone's, have been hit, and I'm angry with myself for not getting more defensive sooner. I've been saying for some time I don't like the price action one bit- eg here and here - and the words of that freaky preacher keep ringing in my ears.In any case, there's no point beating myself up. Life is easy in hindsight. Investing is even easier.I spent considerable time on Friday and Saturday reading and watching interviews, trying to understand exactly what these tariffs are about and what the implications are, and I think I have come up with something of a roadmap.We'll start by explaining the plan. Then we'll look at what comes next. And, finally, we'll look at what to do with some of our recent speculations.Why our opinion is irrelevantI'm a free-trade guy, or at least I was. I'm not quite sure what I am any more. But I'm not going to waste my time - or yours - here with arguments about whether tariffs are a good thing or not. There's no point. My time - and yours - would be as well spent howling at the moon. As far as I know, Donald Trump isn't a reader of The Flying Frisby. He knows his own mind and he's not going to turn to this Substack, or any of our social media feeds, for policy advice.Don't be like DT. Subscribe to the Flying Frisby.Tariffs are here, and they're here to stay. Trump is attempting a major economic redesign - the kind of reset that those who rail against economic injustice have been calling for for years. Now it's here, and as we look at our portfolios, many of us aren't so sure we want it.What I want to understand, first, is the logic behind the tariffs, then their implications, so we can best navigate them.The first thing to note I've already said: Trump isn't going to backtrack. As I watched tumbling share prices on Friday, I thought to myself—he's going to backtrack. He has to. But Trump isn't the Conservative Party, or indeed the Labour Party, changing tack at the slightest sign of discontent. Critics say he'll cave if stocks keep tanking, I'm not so sure. His track record suggests otherwise, and he's put a loyal and strong team together to back him up and implement his plan.He's going to give his tariffs longer than a couple of days to have an impact.Many say Trump hasn't properly thought this through. Of course, he has. He's been thinking about it night and day for years. He'll have been thinking about little else as he wrestles with the problem of how to reinvigorate industrial America. That doesn't mean his plan will work, but the idea he hasn't thought about it is just a facile invention of Trump perma-critics to use against him.Trump may be a bit of a clown - he has a comedic instinct and can't resist a gag - but he's not stupid. Clowns rarely are.Why Trump's doing what he's doingTrump intensely dislikes the decimation of industrial America, which began in the 1980s and still continues, with the outsourcing of manufacturing to Asia and elsewhere. Even 40 years ago , he was giving interviews about this (hence why I say he has thought it through) and he wants to restore it. That's part of what he means when he says, “Make America great again.”He can see that while the American coasts may have thrived, thanks largely to finance and tech, much of what is in between has not. This is the America he wants to make great again.There are two reasons he wants to revive American industry. First, is that he believes the model by which America takes on debt to buy cheap stuff from China is unsustainable and has to stop - and the sooner the better. So it's for the good of the American economy. Second, is for reasons of security. While China and the US may be trading partners now, they are also rivals, and if your rival is making your essential military and strategic equipment and components, whether it's semi-conductors, industrial and consumer electronics, pharmaceuticals or battery and energy storage systems, you have a big problem on your hands. Covid exposed just how fragile supply chains are, and Trump has taken it as an early warning sign.Something very similar, as readers of Daylight Robbery will know, happened in the US after its War of 1812 with the British, a war that lasted three years. The war badly exposed US over-reliance on British industrial goods, so the US introduced tariffs in 1816 to try and nurture and grow its own industry. Those tariffs ended up having grave long-term consequences (they were a major factor in the lead up to the civil war - but that was 45 years later). In the short term, they worked. (More on this here).Coming to America“Come and build your factories in the US,” Trump is saying. “Then you won't pay tariffs. Relocate from China, Mexico, Vietnam.”Here's a case in point. Jaguar Land Rover has already announced it's halting shipments to the US for one month. Now, this company's management - remember its recent rebrand? (see below) - is on the opposing side of the culture war to Donald Trump and MAGA, so that is one factor at play. But when I wrote my piece about how good self-driving Teslas are, a lot of people commented that the Jags are better. I don't know—I haven't been in one. But for sure, Jaguar Land Rover won't want to lose momentum or network effect in this all important arms race, particularly while Tesla is struggling: 45% off its recent highs, victim to nationwide vandalism and Elon Musk no longer the darling but the villain of the eco-warrior left. So what does Jaguar do now? Not sell into the all-important US markets? Pay 25% tariffs? Or build a factory stateside? I think the answer is fairly obvious.Whatever it chooses to do, it's going to take longer than a couple of days.With DOGE and the shrinking of the US state, meanwhile, there'll be plenty of workers to fill those new positions. As the US state shrinks, its private sector grows. That's the idea, anyway.His tariffs may lead to higher prices for American consumers, as many have pointed out, but not as high as widely thought, argues Treasury Secretary Scott Bessent in this recent interview with Tucker Carlson (a recommended watch, by the way). Bessent's calculations are that tariffs won't gouge consumers as much as feared. What's more, the revenue from tariffs could eventually enable lower levels of taxation back home, which will further ease pressure on US citizens, those who work at least.What about the upheaval Trump tariffs cause to the rest of the world? Not his problem. America first.Yet he's creating enormous uncertainty, and markets are tanking. On Friday, markets were in full panic mode, and the baby was being thrown out with the bathwater. What about that?The amazing stat which shows why Trump won't give two hoots about the stock market - for nowAt this point, I want to press upon you one of the most telling statistics I've seen for some time:* The richest 1% of Americans own 50% of US stocks, worth $23 trillion.* The bottom 50% of U.S. adults hold only 1% of stocks, worth $480 billion.If you expand to the top 10%, that group holds 87% of stocks, valued at $36 trillion. If I'm correctly inferring Bessent's comments, at this current point, Trump doesn't care about Wall Street, or Silicon Valley, or the parts of the US economy that have become so rich over the past 40 years. It's the bottom 50 - or even 80% - that Trump is concerned with. They hardly own any stocks, so the market mayhem won't matter so much to them. Wall Street has made good for decades. It can suffer a bit of pain while Main Street gets rebuilt.It's worth noting, by the way, that US equities were enormously overvalued when Trump took office, so some kind of correction had to happen anyway. The Shiller price-to-earnings ratio was at its third highest level in history (the only times it was higher was 2000 and 2007, and we all know what happened next). That's why Warren Buffett built up his enormous cash position two months ago ($330 billion). Buffett, by the way, really is a genius.Best to get the inevitable correction out of the way early in the Presidency. What's more, as Bessent points out, these market declines began several weeks ago with China's AI announcement of DeepSeek, the app that can do everything ChatGPT and Grok can do with much lower power use. Prior to that, the Magnificent Seven had driven the extraordinary gains seen in the S&P 500 over the previous 18 months. Strip them out, and the picture was much less rosy. (Now the Mag7're down 30-45%).Trump's announcement may have pricked the bubble, but a bubble is still a bubble and if one thing doesn't burst it, something else will.Trump's plan, meanwhile, (and I'm not saying it'll work, everyone will have their opinion) is not to boost the stock market. It is to reset the economy. The economy and the stock market are not the same thing.Some numbersThe US is trapped in a vicious debt spiral.$36 trillion is the current US National Debt. The US will spend $6 trillion this year, while only collecting $4 trillion in tax revenue. So there is a $2 trillion deficit. It will borrow the difference, and the debt will grow to $38 trillion. The DOGE plan is reduce the deficit by 1 trillion by getting rid of waste, corruption and more. The tariff plan is to raise another half trillion in revenue. Plus, as a result of tariffs, more business relocates to the US, which also increases revenue. Mass deregulation will also make doing business easier and further add to both economic growth and tax revenue. Then there is Trump citizenship plan. According to Grok, 1 million people worldwide could realistically afford to buy a US residency for $5 million. Let's say 10% of them did that. That's another $500 billion and the $2 trillion deficit is eradicated. Suddenly the US is running a surplus.This all means the US gets in a better position to lower taxes, which will further increase revenue (the golden rule of Daylight Robbery), because trade will increase as a result. Trump could lower corporation taxes to 15% which would be a lot more attractive than the rates of 20-30% paid in Europe. So business relocates to the US. He could lower income taxes, especially for high earners, thereby attracting higher earners to the US. Meanwhile, the cost of all that debt starts to come down, thereby freeing up even more capital.And, suddenly, you are in a virtuous cycle.These numbers make it look easy. But to get there takes an enormous fight - standing up to vested interests, taking on a cultural establishment that detests you, the media, the woke, Trump Derangement Syndrome and so on. It's not easy, and it requires a lot of backbone. The three essential keys to the Trump resetSo what fundamentals does this economic reset need, and how does the US get there?First, it needs cheap energy. Cheap energy is fundamental to economic growth: economies need energy. That's happening. Crude has fallen more than 10% since “Liberation Day”. Falls were turbocharged when, on Thursday, 8 OPEC nations made the surprise announcement that they were ending output cuts and increasing supply. Plus we have the domestic policy of drill baby drill. What with the plethora of natural gas and other shale energy co-products, we're going to see a lot of cheap energy. (Which is going to make our own Ed Miliband's high-energy-cost policies look even more deranged.)Second, it needs a cheaper dollar. A weaker dollar will encourage investment and relocation from overseas (it makes the US cheaper). That's happening too. Indeed, what was so unique about this week's panic is that the dollar—usually the first port of call in a financial storm—didn't rise (at least not at first). Here is the US dollar index. It's coming down. It's already down almost 10% from its highs. That means America just got 10% cheaper to invest in. A move back to the low 90s, or even below, would be ideal.What is the third component?And what next for markets?

This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comI don't normally put out market commentary on a Sunday, especially on a Sunday evening, but the events of last week were so extraordinary I feel I have to.We are in full-on crash mode, it seems. The price action reminds me of the Covid panic or even 2008. It almost doesn't matter what you own. Portfolios around the world have been battered.The declines in the final two days of last week, since so-called “Liberation Day”, when President Trump announced his tariffs, are roughly as follows:* Bitcoin: -1%* Gold: -3%* S&P 500: -9%* Nasdaq: -10%* Brent Crude: -12.5%* Copper: -13% (phew!)Magnificent Seven:* MSFT: -6%* GOOGL: -7%* AMZN: -13%* META: -14%* NVDA: -15%* TSLA: -15%* AAPL: -17%We are, of course, very long gold and bitcoin here at The Flying Frisby, so I guess we've come out of this comparatively unscathed. What's more, we have a good allocation to wealth preservation in the Dolce Far Niente portfolio. But our speculative positions, like everyone's, have been hit, and I'm angry with myself for not getting more defensive sooner. I've been saying for some time I don't like the price action one bit- eg here and here - and the words of that freaky preacher keep ringing in my ears.In any case, there's no point beating myself up. Life is easy in hindsight. Investing is even easier.I spent considerable time on Friday and Saturday reading and watching interviews, trying to understand exactly what these tariffs are about and what the implications are, and I think I have come up with something of a roadmap.We'll start by explaining the plan. Then we'll look at what comes next. And, finally, we'll look at what to do with some of our recent speculations.Why our opinion is irrelevantI'm a free-trade guy, or at least I was. I'm not quite sure what I am any more. But I'm not going to waste my time - or yours - here with arguments about whether tariffs are a good thing or not. There's no point. My time - and yours - would be as well spent howling at the moon. As far as I know, Donald Trump isn't a reader of The Flying Frisby. He knows his own mind and he's not going to turn to this Substack, or any of our social media feeds, for policy advice.Don't be like DT. Subscribe to the Flying Frisby.Tariffs are here, and they're here to stay. Trump is attempting a major economic redesign - the kind of reset that those who rail against economic injustice have been calling for for years. Now it's here, and as we look at our portfolios, many of us aren't so sure we want it.What I want to understand, first, is the logic behind the tariffs, then their implications, so we can best navigate them.The first thing to note I've already said: Trump isn't going to backtrack. As I watched tumbling share prices on Friday, I thought to myself—he's going to backtrack. He has to. But Trump isn't the Conservative Party, or indeed the Labour Party, changing tack at the slightest sign of discontent. Critics say he'll cave if stocks keep tanking, I'm not so sure. His track record suggests otherwise, and he's put a loyal and strong team together to back him up and implement his plan.He's going to give his tariffs longer than a couple of days to have an impact.Many say Trump hasn't properly thought this through. Of course, he has. He's been thinking about it night and day for years. He'll have been thinking about little else as he wrestles with the problem of how to reinvigorate industrial America. That doesn't mean his plan will work, but the idea he hasn't thought about it is just a facile invention of Trump perma-critics to use against him.Trump may be a bit of a clown - he has a comedic instinct and can't resist a gag - but he's not stupid. Clowns rarely are.Why Trump's doing what he's doingTrump intensely dislikes the decimation of industrial America, which began in the 1980s and still continues, with the outsourcing of manufacturing to Asia and elsewhere. Even 40 years ago , he was giving interviews about this (hence why I say he has thought it through) and he wants to restore it. That's part of what he means when he says, “Make America great again.”He can see that while the American coasts may have thrived, thanks largely to finance and tech, much of what is in between has not. This is the America he wants to make great again.There are two reasons he wants to revive American industry. First, is that he believes the model by which America takes on debt to buy cheap stuff from China is unsustainable and has to stop - and the sooner the better. So it's for the good of the American economy. Second, is for reasons of security. While China and the US may be trading partners now, they are also rivals, and if your rival is making your essential military and strategic equipment and components, whether it's semi-conductors, industrial and consumer electronics, pharmaceuticals or battery and energy storage systems, you have a big problem on your hands. Covid exposed just how fragile supply chains are, and Trump has taken it as an early warning sign.Something very similar, as readers of Daylight Robbery will know, happened in the US after its War of 1812 with the British, a war that lasted three years. The war badly exposed US over-reliance on British industrial goods, so the US introduced tariffs in 1816 to try and nurture and grow its own industry. Those tariffs ended up having grave long-term consequences (they were a major factor in the lead up to the civil war - but that was 45 years later). In the short term, they worked. (More on this here).Coming to America“Come and build your factories in the US,” Trump is saying. “Then you won't pay tariffs. Relocate from China, Mexico, Vietnam.”Here's a case in point. Jaguar Land Rover has already announced it's halting shipments to the US for one month. Now, this company's management - remember its recent rebrand? (see below) - is on the opposing side of the culture war to Donald Trump and MAGA, so that is one factor at play. But when I wrote my piece about how good self-driving Teslas are, a lot of people commented that the Jags are better. I don't know—I haven't been in one. But for sure, Jaguar Land Rover won't want to lose momentum or network effect in this all important arms race, particularly while Tesla is struggling: 45% off its recent highs, victim to nationwide vandalism and Elon Musk no longer the darling but the villain of the eco-warrior left. So what does Jaguar do now? Not sell into the all-important US markets? Pay 25% tariffs? Or build a factory stateside? I think the answer is fairly obvious.Whatever it chooses to do, it's going to take longer than a couple of days.With DOGE and the shrinking of the US state, meanwhile, there'll be plenty of workers to fill those new positions. As the US state shrinks, its private sector grows. That's the idea, anyway.His tariffs may lead to higher prices for American consumers, as many have pointed out, but not as high as widely thought, argues Treasury Secretary Scott Bessent in this recent interview with Tucker Carlson (a recommended watch, by the way). Bessent's calculations are that tariffs won't gouge consumers as much as feared. What's more, the revenue from tariffs could eventually enable lower levels of taxation back home, which will further ease pressure on US citizens, those who work at least.What about the upheaval Trump tariffs cause to the rest of the world? Not his problem. America first.Yet he's creating enormous uncertainty, and markets are tanking. On Friday, markets were in full panic mode, and the baby was being thrown out with the bathwater. What about that?The amazing stat which shows why Trump won't give two hoots about the stock market - for nowAt this point, I want to press upon you one of the most telling statistics I've seen for some time:* The richest 1% of Americans own 50% of US stocks, worth $23 trillion.* The bottom 50% of U.S. adults hold only 1% of stocks, worth $480 billion.If you expand to the top 10%, that group holds 87% of stocks, valued at $36 trillion. If I'm correctly inferring Bessent's comments, at this current point, Trump doesn't care about Wall Street, or Silicon Valley, or the parts of the US economy that have become so rich over the past 40 years. It's the bottom 50 - or even 80% - that Trump is concerned with. They hardly own any stocks, so the market mayhem won't matter so much to them. Wall Street has made good for decades. It can suffer a bit of pain while Main Street gets rebuilt.It's worth noting, by the way, that US equities were enormously overvalued when Trump took office, so some kind of correction had to happen anyway. The Shiller price-to-earnings ratio was at its third highest level in history (the only times it was higher was 2000 and 2007, and we all know what happened next). That's why Warren Buffett built up his enormous cash position two months ago ($330 billion). Buffett, by the way, really is a genius.Best to get the inevitable correction out of the way early in the Presidency. What's more, as Bessent points out, these market declines began several weeks ago with China's AI announcement of DeepSeek, the app that can do everything ChatGPT and Grok can do with much lower power use. Prior to that, the Magnificent Seven had driven the extraordinary gains seen in the S&P 500 over the previous 18 months. Strip them out, and the picture was much less rosy. (Now the Mag7're down 30-45%).Trump's announcement may have pricked the bubble, but a bubble is still a bubble and if one thing doesn't burst it, something else will.Trump's plan, meanwhile, (and I'm not saying it'll work, everyone will have their opinion) is not to boost the stock market. It is to reset the economy. The economy and the stock market are not the same thing.Some numbersThe US is trapped in a vicious debt spiral.$36 trillion is the current US National Debt. The US will spend $6 trillion this year, while only collecting $4 trillion in tax revenue. So there is a $2 trillion deficit. It will borrow the difference, and the debt will grow to $38 trillion. The DOGE plan is reduce the deficit by 1 trillion by getting rid of waste, corruption and more. The tariff plan is to raise another half trillion in revenue. Plus, as a result of tariffs, more business relocates to the US, which also increases revenue. Mass deregulation will also make doing business easier and further add to both economic growth and tax revenue. Then there is Trump citizenship plan. According to Grok, 1 million people worldwide could realistically afford to buy a US residency for $5 million. Let's say 10% of them did that. That's another $500 billion and the $2 trillion deficit is eradicated. Suddenly the US is running a surplus.This all means the US gets in a better position to lower taxes, which will further increase revenue (the golden rule of Daylight Robbery), because trade will increase as a result. Trump could lower corporation taxes to 15% which would be a lot more attractive than the rates of 20-30% paid in Europe. So business relocates to the US. He could lower income taxes, especially for high earners, thereby attracting higher earners to the US. Meanwhile, the cost of all that debt starts to come down, thereby freeing up even more capital.And, suddenly, you are in a virtuous cycle.These numbers make it look easy. But to get there takes an enormous fight - standing up to vested interests, taking on a cultural establishment that detests you, the media, the woke, Trump Derangement Syndrome and so on. It's not easy, and it requires a lot of backbone. The three essential keys to the Trump resetSo what fundamentals does this economic reset need, and how does the US get there?First, it needs cheap energy. Cheap energy is fundamental to economic growth: economies need energy. That's happening. Crude has fallen more than 10% since “Liberation Day”. Falls were turbocharged when, on Thursday, 8 OPEC nations made the surprise announcement that they were ending output cuts and increasing supply. Plus we have the domestic policy of drill baby drill. What with the plethora of natural gas and other shale energy co-products, we're going to see a lot of cheap energy. (Which is going to make our own Ed Miliband's high-energy-cost policies look even more deranged.)Second, it needs a cheaper dollar. A weaker dollar will encourage investment and relocation from overseas (it makes the US cheaper). That's happening too. Indeed, what was so unique about this week's panic is that the dollar—usually the first port of call in a financial storm—didn't rise (at least not at first). Here is the US dollar index. It's coming down. It's already down almost 10% from its highs. That means America just got 10% cheaper to invest in. A move back to the low 90s, or even below, would be ideal.What is the third component?And what next for markets?

The ASX 200 got close to cracking through the 8000 point mark, as better inflation numbers suggested again that rate cuts could be on the way. MARKET WRAP: ASX200: up 0.71%, 7,999 GOLD: $3,029 US/oz BITCOIN: $139,581 AUD Commbank up 1.1%, Westpac rising 1.2%, NAB picking up 0.7%, and ANZ jumping almost 3%. Brent Crude oil has steadily been rising in price, up over $73 US a barrel and helping the local energy sector. Santos rose 1.7%, while Woodside was up 0.4%. Vulcan rose 12.8% to $5.36 after one of its projects was listed as crucial for the European Commission’s critical minerals supply. Paladin Energy fell 11.6% to $5.65 after it pulled back on its guidance following heavy rainfall in its Namibian mine The half year results for telco Tuas showed a profit of $3 million, with shares down 7.5% to $5.80. CSL down 1.5%, Ramsay Health Care down 1.3% CURRENCY UPDATE: AUD/USD: 63.20 US cents AUD/GBP: 49.0 British pence AUD/EUR: 58 Euro cents AUD/JPY: 95 Japanese yen AUD/NZD: 1.10 NZ dollars See omnystudio.com/listener for privacy information.

In this episode of the Futures Rundown, we break down the differences between Brent and West Texas Intermediate (WTI) crude oil futures. Jermal Chandler from Tasty Live joins the discussion to help traders understand key nuances in contract specifications, market behavior, and pricing. The episode covers contract sizes, tick values, settlement types, and the geographical distinctions between Brent (Europe) and WTI (Texas). The show also touches on trading volumes, liquidity, and occasional anomalies like the negative pricing event in April 2020.    03:38 Futures 101: WTI vs Brent Crude 05:30 Contract Specifications and Trading Insights 09:06 Brent vs WTI: Market Dynamics and Trading Strategies 13:45 Final Thoughts   

RUSSIA: SINKING BRENT CRUDE. MICHAEL BERNSTAM, HOOVER

US equities closed in the red overnight ahead of inflation data tomorrow. The Dow lost 154 points (-0.35%). Up 69 points at best. Down 215 points at worst. The S&P 500 pushed further away from recent all-time highs, down 0.30% and the NASDAQ eased 0.25%. NFIB Small Business Optimism Index jumped to 101.7 in November, its highest since June 2021. Small caps Russell 2000 ignored the positive economic data, falling 0.42% while the VIX edged 1.93% higher. US treasuries rose while Aussie bonds and the AUD fell hard, down nearly 1% at 68.78US cents.US CPI tomorrow. SPI down 27 - AUD drops on Turtle Dovish RBA - Gold hits near record AUD highs.The EIA forecasts US net crude oil imports to drop 20% in 2025 to 1.9m bpd, the lowest since 1971, driven by increased domestic production and reduced refinery demand.WTI up 0.29% on rising demand from China after reports of “appropriately loose” monetary policy in 2025 and a possible tight supply in Europe this coming winter. Brent Crude up 0.10%.Gold up 1.24% hitting a two-week high, supported by rising geopolitical tensions.Codelco reported flat copper production of 127,900 tons in October, matching last year, while Escondida's output surged over 20%, per Cochilco data.LME Copper dipped 0.16%, pressured by a slowdown in China's export growth. While nickel dropped 1.19% from an oversupply in the market.Uranium fell 0.26%, iron ore down too, off 0.14%, and lithium rose 0.20%.Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? Join the Marcus Today community.

The S&P 500 inched higher by 0.02% to close at 5,985.38, while the 30-stock Dow ticked up 47.21 points, or 0.11%, to 43,958.19. The blue-chip index added as much as 230 points earlier on Wednesday. The Nasdaq Composite ended the day with a 0.26% decline and closed at 19,230.74. ASX SPI up 29 - AGMs in FocusWTI advanced 0.48% on short covering a day after hitting a two-week low on OPEC's reduced demand forecast. Brent Crude +0.04%.The US EIA raised its us global oil production forecasts expecting oil demand to grow about 1m bpd in 2024, up from 900k bpd.Copper down 1.08% hitting a two-month low and has dropped ~7% since last week's US presidential election.Base metals were mostly lower as the USD continued to rise, zinc the exception up 1.21%. Nickel -0.91%, aluminium -1.19%, lead -1.04%, and tin -1.92%.Iron ore up 0.05% following a narrow trading session as markets weighed hopes of further stimulus support for China's property market amid weaker credit lending data.Gold lost 0.88% extending its losing streak to four consecutive sessions. Weighed down by a stronger dollar and higher long dated bond yields.Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.Ready to invest in yourself? Join the Marcus Today community.

With real estate listings at the best point since 2015, is this the higher interest rates finally coming home to roost? MARKET WRAP: ASX200: up 0.13%, 8,187 GOLD: $2,632 US/oz BITCOIN: $93,780 AUD With the materials sector hampered by falling iron prices yet again, Fortescue dropped by 1.5% to $18.97  & Rio Tinto slid by 2.2%, Mineral Resources tanked a whopping 6.4% and BHP fell 1.16% to $43.28 Brent Crude fell more than 4% overnight, now buying around $77 US a barrel, which saw Woodside and Santos both weaker. Elsewhere and Pilbara minerals lost 5% to $2.85 Whitehaven coal lost just under 3% to $7.01 Goodman Group and James Hardie both taking a tumble. REA Group, which closed up 2% to $216.50 with national listings in September at their highest since 2015. By association Domain Holdings also closed up 1.5% to $3.29 ZIP closed up 6% to $2.89 a fresh 52 week high maintaining its momentum in the buy now pay later space And Pro Medicus lifted 4% to $186.63.   CURRENCY UPDATE: AUD/USD: 67.30 US cents AUD/GBP: 51.5 pence AUD/EUR: 61 Euro cents AUD/JPY: 99 Japanese yen AUD/NZD: 1.10 NZ dollars See omnystudio.com/listener for privacy information.

Star Entertainment has got its lifeline, but with losses of $1.7 billion in the last year, is it too little too late? MARKET WRAP: ASX200: up 0.95%, 8,203 GOLD: $2,693 US/oz BITCOIN: $93,043 AUD Sliding late in the day was the Energy sector, which dropped 1.1% as the price of Brent Crude plunged in late trading. Woodside closing down 2.7% to $24.70 and Santos dropped 2.3% to $6.92. Commonwealth, Westpac and ANZ all finished down.  Underwear retailer Step One fell 8.8% on the news that its founder and chief executive was selling stock. Brickworks saw shares jump 7.2% after beating expectations to post a net loss of $119 million for the year. Consumer Discretionary winners included Wesfarmers, up 1.5%, Aristocrat Leisure, rising 2.8%, and JB Hi-Fi, up 3%. BHP & CSL lifted 1.6%, as Wisetech Global gained 2.8%. CURRENCY UPDATE: AUD/USD: 68.68 US cents AUD/GBP: 51.4 pence AUD/EUR: 61 Euro cents AUD/JPY: 99 Japanese yen AUD/NZD: 1.09 NZ dollars See omnystudio.com/listener for privacy information.

Listener Jonathan asks: I am aware of West Texas Intermediate oil and Brent Crude oil, but I was wondering is that it, or are there loads of other oil variants with many other names that for some reason we just don't care to remember or mention?Join Sean Aylmer & Michael Thompson as they answer listener questions.If you have your own question for Ask Fear & Greed, get in touch via our website, LinkedIn, Instagram or Facebook!Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

Wall Street closed out the week higher in an uneventful day of trade. The S&P 500 and NASDAQ rose for their seventh consecutive session advancing 0.20% and 0.21% as most megacaps gained, with Nivida leading the charge, up 1.4%. The Dow Jones finished 97 points higher (0.24%). Up 163 at best. Down 109 points at worst. Small firms Russell 2000 rose 0.30%, and the VIX fell another 2.82%. All three major indexes finished the week higher, clocking their biggest weekly gain since October last year. Dow +2.94%, while the S&P 500 and NASDAQ advanced 3.93% and 5.29%, posting their first weekly gain in five weeks.ASX SPI Down 14 - WBC Trading Update WTI down 2.02% and Brent Crude off 1.62%.Copper dropped 0.29% as BHP said it had reached a deal with the labour union to resolve a strike at its Escondia copper miner in Chile, easing supply concerns.Base metals ended mixed despite a weaker USD. Nickel +0.30%, aluminium +0.51%, zinc -0.59%, lead -0.10%, and tin +0.10%.Iron ore futures fell for a fifth consecutive session, down 1.39%, with bearish sentiment prevailing.Uranium flat and lithium fell 0.21%.Gold prices hit an all-time high overnight as the USD weakened on growing expectations for a September rate cut. Bullion rose 2.08%.Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? Join the Marcus Today community.

The NASDAQ and S&P 500 finished 0.03% and 0.38% higher, extending their winning streak to five sessions. US Inflation data reassured the markets the Fed would start cutting rates next month. The Dow advanced 243 points (+0.61%). Up 303 points at best. Down 28 points at worst. Small firms Russell 2000 eased 0.52%, and the VIX dropped 12.53% as sentiment improved. Treasury yields were mixed. 10Y yield was little changed down 0.7bps and the 2Y yield rose 2.4bps. Markets are now pricing a 37% probability of a 50bps cut and 63% probability of a 25bps cut in September. Megacap tech stocks ended mixed Google fell 2.4% on reports the DoJ is considering breaking up the search engine. While Telsa -3.1%, Microsoft +0.7% and Nvidia +1.7%.ASX to rise. SPI Futures up 28 points (+0.36%).Oil prices in the red after US crude inventories rose unexpectedly. WTI -1.68% and Brent Crude off 1.35%.Base metals are broadly higher on rate cut prospects. Copper +0.25%, nickel -0.06%, aluminium +0.60%, zinc +0.93%, lead +0.75%, and tin +0.30%.Iron ore down 2.29%, hitting a more than one-year low on disappointing credit data from China dampened sentiment.Uranium flat, and lithium down 0.82%.Bullion down 0.71%.Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? Join the Marcus Today community. 

Following the 3% correction in the S&P, markets are oversold on multiple levels. Markets are holding at the 50-DMA and will try to rally up to the 20-DMA today. If the Fed comes out with dovish commentary tomorrow, markets could rally for another couple of days. The story lately has been how small caps have been out-performing large caps, but that wasn't the case on Monday: Large caps were up, small caps were down. Much of this has to do with the Yen carry trade, a currency that has been declining. We'll now see whether small caps can continue to rally, or this was just a flash-in-the-pan. Emerging markets continue to languish, and International's are not much better, continuing to lag other markets. Gold has similarly been stuck in a range, going neither up or down. Brent Crude is on a sell signal, retesting lows as the Israeli War has put pressure on prices. Back to school and a Trump election win could spark a rally in Oil. For now, focus on where earnings and fundamentals are.   Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO  Produced by Brent Clanton, Executive Producer ------- Watch the video version of this podcast: https://www.youtube.com/watch?v=kUMHfGa5BLg&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Get more info & commentary:  https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #20DMA #50DMA #Retest #SupportLevel #SectorRotation #MegaCap #RussellSmallCap # #OverboughtMarkets #BuySignal #SellSignal #YenCarryTrade #BrentCrude #Gold #Fundamentals #MarketBullishness #MarketCorrection #InvestingAdvice #Money #Investing

In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley covers several key stories: Kamala Harris's stance on banning fracking and its potential impacts, Iran's tanker concealment efforts post-sanctions, the U.S.'s increasing influence in global crude oil markets, New York's likely failure to meet its climate act deadlines, the UK's mandate for green jet fuel by 2025, and Poland's LNG terminal receiving its 300th cargo. Turley criticizes various energy policies and emphasizes the importance of making informed voting decisions regarding energy policies.Highlights of the Podcast00:00 - Intro01:16 - Kamala Harris: ‘No question' I Would Ban Fracking02:41 - Iran's tankers double down on concealment efforts post-sanctions04:22 - U.S. Commands Higher Prices for Crude Amid Growing Global Oil Market Influence05:48 - ‘Wake-Up Call:' New York State Likely to Miss Deadlines on Costly, Cumbersome Climate Act07:12 - UK mandates green jet fuel by 202509:09 - Polish LNG terminal receives 300th cargo09:41 - OutroPlease see the links below or articles that we discuss in the podcast.Kamala Harris: ‘No question' I Would Ban FrackingJuly 23, 2024 Mariel AlumitThe reality is that Kamala Harris has made her position on fracking perfectly clear. Source: Realclearenergy.org Take the Survey at https://survey.energynewsbeat.com/ 1031 Exchange E-Book Crude Oil, LNG, Jet Fuel price quote ENB Top News ENB […]Iran's tankers double down on concealment efforts post-sanctionsJuly 23, 2024 Mariel AlumitAnalysis of satellite and AIS data shows these ships still play a role in Iran's oil sector, but experts insist the financial restrictions are nonetheless degrading Iran's capabilities IT IS no secret that tankers engaged […]U.S. Commands Higher Prices for Crude Amid Growing Global Oil Market InfluenceJuly 23, 2024 Mariel AlumitThe discount of WTI Crude to the international benchmark Brent Crude has dropped from nearly $20 per barrel in the early 2010s to below $3 a barrel today. Increased domestic offtake capacity and better pipeline […]‘Wake-Up Call:' New York State Likely to Miss Deadlines on Costly, Cumbersome Climate ActJuly 23, 2024 Mariel AlumitNew York is on track to miss the majority of its looming climate targets, according to a report from Democrat New York Gov. Kathy Hochul's office. New York is on track to miss the majority […]UK mandates green jet fuel by 2025July 23, 2024 Mariel AlumitThe UK Government has announced the introduction of a sustainable aviation fuel (SAF) mandate, set to begin on 1st January 2025, subject to Parliamentary approval. This initiative aims to decarbonise air travel and stimulate economic […]Polish LNG terminal receives 300th cargoJuly 23, 2024 Mariel AlumitPoland's Orlen has received the 300th cargo of liquefied natural gas (LNG) at the Swinoujscie terminal since the start of operations in 2016. The 2021-built LNG carrier Prism Courage delivered the milestone shipment to the […]Follow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB SubstackENB Trading Desk– Get in Contact With The Show –

Good news for motorists: the price of oil has gone down around 7 percent in the last week.  The Brent Crude oil price dropped below US$80 a barrel at the weekend, after OPEC+ came to a deal to extend voluntary production cuts.  NZ Business editor-at-large, Liam Dann told Jack Tame “That's good news for motorists – and good news on the inflation fight.”  Dann said “We want to see renewable energy – but everything in the economy is underpinned by the price of oil.”  LISTEN ABOVE. See omnystudio.com/listener for privacy information.

The S&P 500 jumped 1.18% to close at 5,354.03. The index also touched a new intraday all-time high of 5,354.16. The Nasdaq Composite jumped 1.96% to 17,187.90 and also hit a new record, while the Dow Jones Industrial Average added 0.25% to close at 38,807.33.  Nvidia powered those gains surging more than 5% to top a $3 trillion market valuation and surpass Apple in value.ASX to rise. SPI Futures up 42 points (+0.54%).Base metals lower. Aluminium -1.17%, Zinc -1.90%, Lead 0.73%, and Tin -1.24%.Copper fell -0.77% sliding to near a one-month low, pausing its strongest rally in years as demand expectations for the metal are yet to translate into higher consumption. Nickel down 4.43%, falling to a seven-week low.Gold gains 1.21% as bond yields fall after weaker-than-expected US private payrolls data.Iron ore fell 0.51% for a fifth consecutive session, hitting a seven-week low pressured by weak steel demand.10Y Bond Yields – US 4.277%, Australia 4.210%, and Germany 2.506%.Currencies – AUD +0.02%, USD Index +0.18%, Euro +0.01%, and Bitcoin +0.97%.Oil prices rebounded from four-month lows on hopes that rate cuts in September would outweigh demand concerns after data showed an increase in US crude and fuel stocks.  WTI 1.09% and Brent Crude 1.91%.Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.Ready to invest in yourself? Join the Marcus Today community.

Stocks in the US finished slightly higher on Tuesday, as the S&P 500 and the Nasdaq added 0.1% each, while the Dow rose 140 points. Investors were digesting fresh data and assessing the health of the US economy and the future path of interest rates. The JOLTS job openings fell significantly more than forecast to 8.059m, the lowest level since February 2021, indicating a cooling labor market.ASX to fall. SPI Futures down 4 points (-0.05%).Base metals lower across the board. Copper -2.24%, Nickel 2.05%, Aluminium -0.37%, Zinc -0.56%, Lead -1.86% and Tin 1.51%.Copper %Iron ore fell 2.71%, hitting near seven-week lows on signs of weakening short-term and long-term prospects from China. Dalian iron ore -1.56%.Gold fell 1.01% as the dollar steadied.WTI -1.31% and Brent Crude -1.38%.Currencies – AUD +0.06%, USD Index flat, Euro +0.01%, and Bitcoin +2.02%.10Y Bond Yields – US 4.330%, Australia 4.232%, and Germany 2.542%.Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.Ready to invest in yourself? Join the Marcus Today community.

Wall Street closed mixed in a choppy trading session amid soft manufacturing data, and a glitch on the NYSE caused trading halts in dozens of equities. The Dow fell 115 points (0.30%), kicking off June on a sluggish note. Up 49 points at best. Down 439 points at worst. S&P 500 turned green in the final minutes of trading, up 0.11%, buoyed by a rally in tech stocks offsetting a plunge in energy producers. The NASDAQ rose 0.56% while small caps Russell 2000 eased 0.50%. A glitch on the NYSE overnight triggered massive swings in Berkshire Hathaway and Barrick Gold. Trading in at least 60 stocks was halted due to volatility before the technical issues were fixed, and activity resumed as normal. May ISM manufacturing came in at 48.7 (Contraction), below expectations of 49.7, with new orders printing at 45.4, its weakest since May 2023, signalling ongoing soft demand as companies remain unwilling to invest due to current monetary policy. Treasury yields sank on US factory data strengthening the case for multiple rate cuts this year. 10Y down 11.4bps to 4.392% and the 2Y down 6.7bps 4.812%. Oil tumbled following OPEC+ meeting on Sunday and Bitcoin briefly topped $70k.ASX to fall. SPI Futures down 12 points (-0.15%).Base metals mixed. Copper +1.15%, Nickel -1.42%, Aluminium +1.13%, Zinc -1.31%, Lead +0.62% and Tin -0.25%.Iron ore and Dalian iron ore fell 3.91% and 0.86% to their lowest level in more than six weeks on signs of weakening steel demand from China.Gold up 0.98% on weaker-than-expected US economic data cementing bets that the Fed would cut rates later this year.  Oil prices tumbled to their lowest level in nearly four months following OPEC+ decision on Sunday to extend most of its oil output cuts into 2025.  WTI -3.48% and Brent Crude 4.20%.Currencies – AUD -0.01%, USD Index -0.57%, Euro -0.01%, and Bitcoin +2.16%.10Y Bond Yields – US 4.392%, Australia 4.298%, and Germany 2.584%.Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.Ready to invest in yourself? Join the Marcus Today community.

The Dow Jones Industrial Average slid 330.06 points, or 0.86%, to 38,111.48. The S&P 500 lost 0.6% to close at 5,235.48. The Nasdaq Composite dipped 1.08% to 16,737.08, underscoring the weakness in technology names. The Nasdaq Composite and S&P 500 have jumped nearly 7% and 4%, respectively, in May. The Dow has risen 0.8% in the month. All three indexes hit record highs in May.ASX to rise. SPI Futures up 50 points (+0.65%).Base metals lower across the board. Nickel -1.98%, Aluminium -2.86%, Zinc -0.93%, Lead -1.68% and Tin -2.33%.Copper fell 2.78% as funds sold off bullish positions.   Oil prices are down for a second consecutive session on a surprise jump in stockpiles and the reports of weak demand in the US.  WTI % and Brent Crude %.10Y Bond Yields – US 4.550%, Australia 4.423%, and Germany 2.658%.Currencies – AUD +0.02%, USD Index -0.33%, Euro +0.01%, and Bitcoin +1.33%.Gold bounced back, up 0.18%, as the dollar and treasury yields slipped.  Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.Ready to invest in yourself? Join the Marcus Today community.

The Dow Jones Industrial Average fell 411.32 points, or 1.06%, to 38,441.54. The S&P 500 dipped 0.74% to 5,266.95, marking its first negative session of the last three. The Nasdaq Composite slipped 0.58% to 16,920.58, as Nvidia's advance somewhat mitigated losses for the technology-heavy index.All 11 sectors that comprise the broad S&P 500 retreated, underscoring the breadth of market weakness. More than 440 stocks in the index were lower on the day.  10 year Treasury yields  jumped after another tepid Treasury bond auction.ASX to fall. SPI Futures down 52 points (-0.68%).Base metals mixed. Copper -0.69%, Nickel -0.27%, Zinc -0.29%, Lead -1.08% and Tin +0.50%.Aluminium rose 1.68%, hitting its highest level in nearly two years on supply tightness and buying interest from funds switching from copper.Gold down 0.94% on a stronger dollar, higher bond yields and hawkish comments from Fed officials.Oil prices ease on demand concerns. WTI -0.82% and Brent Crude -1.29%.Currencies – AUD +0.02%, USD Index 0.47%, Euro +0.01%, and Bitcoin -1.36%.10Y Bond Yields – US 4.616%, Australia 4.451%, and Germany 2.689%.Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.Ready to invest in yourself? Join the Marcus Today community.

US and UK markets closed for holidays.ASX to edger higher. SPI Futures up 6 points (+0.08%).Currencies – AUD +0.03%, USD Index -0.12%, Euro +0.01%, and Bitcoin +1.62%.Gold up 0.73%, bouncing from a two-week low as markets assess diminishing bets of rate cuts ahead of CPI data this week.Brent Crude rose 1.03% in muted trade due to public holidays in Britain and the US.10Y Bond Yields – Australia 4.278%, UK 4.257 and Germany 2.554%.Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.Ready to invest in yourself? Join the Marcus Today community.

The Dow Jones Industrial Average closed slightly lower Thursday after briefly jumping above 40,000 for the first time. At its high of the day, the blue-chip average reached 40,051.05, the culmination of a bull market that began in October 2022.Ultimately, the 30-stock Dow ended the day down 38.62 points, or 0.1%, closing at 39,869.38. The S&P 500 fell 0.21%, closing at 5,297.10. The Nasdaq Composite finished the day lower by 0.26%, ending at 16,698.32.The Dow has climbed nearly 6% in 2024, while the Nasdaq and S&P 500 are up 11% each.ASX to fall. SPI Futures down 44 points (-0.56%).Base metals are broadly higher. Copper +0.13%, Nickel +0.23%, Zinc +0.08%, Lead -0.20% and Tin +0.18%.Aluminium is marginally higher, +0.04%, as LME aluminium stocks rise to their highest levels since October 2021.Gold slipped 0.44% as the dollar rebounded.Oil prices edged higher on positive economic data.  WTI +0.77% and Brent Crude +0.66%.10Y Bond Yields – US 4.377%, Australia 4.219%, and Germany 2.456%.Currencies – AUD -0.01%, USD Index +0.15%, Euro +0.01%, and Bitcoin -0.97%.Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.Ready to invest in yourself? Join the Marcus Today community.

Brent Crude has traded roughly 20% higher since the start of the year due to a combination of strong demand growth and production cuts. Looking ahead, could oil prices reach close to $100 by September? Join Natasha Kaneva, Global Head of Commodities Research, and David Levi, Global Head of Commodity Institutional Sales, as they discuss the outlook for oil prices, supply-demand dynamics and more. This episode was recorded on May 13 2024. This communication is provided for information purposes only. Please read JP Morgan research reports related to it's contents for more information including important disclosures. Copyright 2023 JP Morgan Chase & Co. All rights reserved. 

Wall Street ended higher overnight, near best levels in another lower volume trading session leading into CPI results tomorrow. Markets shrugged off a mixed reading on producer inflation, and Powell signalled that interest rates will be higher for longer. Dow +127 points (+0.32%). Up 185 points at best. Down 60 points at worst. S&P 500 gained 0.48%, just a few points away from its record, and the NASDAQ rose 0.75%, closing at record high, with Tesla +3.3% and Nvidia +1.1% leading gains in Megacap tech stocks. US PPI rose more than expected in April, up 0.52% MonM, significantly above expectations of 0.3% as the cost of services and goods rose sharply. Powell described PPI results as more mixed than hot, given the prior period was revised lower.  US treasury yields slipped, following PPI results, 10Y down 4.5bps, 2Y down 4.7bps, with the inversion between the 2Y and 10Y little changed at -38.1bps. US President Biden unveiled steep tariff rises on Chinese imports, including EV batteries, computer chips, and medical products affecting $18bn in imported Chinese goods.ASX to rise. SPI Futures up 30 points (+0.40%).Base metals mixed. Copper %, Nickel %, Aluminium %, Zinc %, Lead % and Tin %.Copper fell 1.32% on arbitrage trading and speculative buying by funds. Copper producers and traders are shipping more metal to the US to profit from higher prices for CME futures compared to LME.Gold gained 0.90% helped by a pullback in the USD and treasury yields.Oil prices eased after US data raised concerns that interest rates may stay higher for longer but supply concerns put a floor under prices.  WTI down 1.35% and Brent Crude off 0.76%.Currencies – AUD +0.03%, USD Index -0.19%, Euro +0.02%, and Bitcoin -1.87%.10Y Bond Yields – US 4.445%, Australia 4.343%, and Germany 2.540%.Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.Ready to invest in yourself? Join the Marcus Today community.

Wall Street closed narrowly mixed after fresh data showed consumer sentiment fell to a six-month low and short-term inflation expectations picked up. Dow up 125 points (+0.32%), marking its eighth consecutive gain, S&P 500 rose 0.16%, and the NASDAQ ended marginally lower, off 0.03%. For the week, Dow +2.16%, S&P 500 +1.85%, and NASDAQ +1.14%. Q1 reporting season in the US is nearing the finish line. Of the 459 companies in the S&P 500 that have reported, 77% exceeded expectations, according to LSEG data. Treasury yields rose ahead of inflation data next week, with the 10Y up 4.1bps and the 2Y up 5.2bps.ASX SPI Futures down 19 points. Quiet day ahead.Base metals mixed. Nickel +0.47%, Zinc +0.76%, Lead -0.23% and Tin -1.21%.Aluminium down 1.42% as LME registered warehouse reported an 88% jump in aluminium stocks to 903,850 metric tons, their highest level since January 2022.Copper up 0.80% as traders chased arbitrage opportunities with growing gaps between prices in Chicago, London and Shanghai.   Gold up 0.78%, building on momentum fuelled by weaker US jobs data this week.  Oil prices fell nearly $1 a barrel overnight on further comments from Fed officials reinforced higher for longer interest rates.  WTI -1.30% and Brent Crude -1.52%.Currencies – AUD -0.26%, USD Index +0.07%, Euro -0.11%, and Bitcoin -3.01%.10Y Bond Yields – US 4.500%, Australia 4.360%, and Germany 2.514%.Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.Ready to invest in yourself? Join the Marcus Today community.

It may come as a bit of a surprise that oil production in the U.S. has reached a record high. Confluence Chief Market Strategist Patrick Fearon-Hernandez joins Phil Adler to discuss the reasons for this surge in production and the impact on prices and investments.

#NATO: Is Russia cooperating with Iran in the Gulf? To surge the orice of Brent Crude? Anatol Lieven, Quincy Institute. https://www.telegraph.co.uk/news/2024/01/11/britain-set-to-strike-houthi-rebels-red-sea-yemen/ 1840 Tabriz

Good news for Kiwi motorists, with a pre-Christmas fall in petrol prices. Brent Crude has fallen from $81 US dollars on Friday to $77 this morning. The average price for unleaded 91 petrol has already fallen about five percent since the start of the month. Infometrics principal economist Brad Olsen explains this sudden shift. LISTEN ABOVE  See omnystudio.com/listener for privacy information.

Indian benchmark indices — Sensex and Nifty 50 —  are set to open higher on October 27, after logging losses over the last six sessions as US treasury yields retreated following weaker-than-expected inflation data. India's GIFT Nifty was up 0.42% at 18,991.50 as of 8:11 a.m. IST, more than 100 points above the Nifty 50's Thursday close of 18,857.25. The Nifty 50 and Sensex have lost nearly 5% each over the last six sessions, settling at near four-month lows on October 26. This week, the Nifty is down 3.51%, on course for the worst week in 16 months. Asian markets rose in morning trade, with the MSCI Asia ex-Japan index adding 0.8%. Wall Street, meanwhile, equities closed lower overnight on mixed economic data and weak earnings. Brent crude futures hovered around $88.50 per barrel, after sliding in the previous session. Crude prices have been volatile since the Israel-Hamas clashes began. Brent Crude rose from $84.50 on Oct. 6 to $93 per barrel on October 20, before easing over the last week. Stocks to watch: Reliance Industries, Cipla, Dr Reddy's Laboratories, Maruti Suzuki India, SBI Life Insurance, Bajaj Finserv. Tune in to Marketbuzz Podcast for more cues

Join AI Endrit for a sharp and insightful rundown of the latest in the capital markets. In this episode, we're untangling the U.S.' close shave with a government shutdown, assessing the S&P 500's prospects after a 4-week slide, and dissecting the performances of major indices, Brent Crude, and gold in September and Q3. Whether you're a seasoned investor or a finance enthusiast, get ready for a dose of valuable insights to kickstart your week! And for those eager for the nitty-gritty numbers and deeper analyses, don't miss out on ‘Cela's Weekly Insights'. >>> Make sure to check out my newsletter "Cela's Weekly Insights": https://endritcela.com/newsletter/ >>> You can subscribe here to our YouTube Channel “MVP – Main Value Partners”: https://www.youtube.com/@MainValue >>> Visit out website for interesting articles on business, finance and much more: http://www.mainvalue.de >>> Follow me on LinkedIn: https://www.linkedin.com/in/endrit-cela/ >>> Follow me on Instagram: https://www.instagram.com/endritcela_official/ Disclaimer for "Capital Markets Quickie" Podcast: The views and opinions expressed on this podcast are based on information available at the time of recording and reflect the personal perspectives of the host. They do not represent the viewpoints of any other projects, cooperations, or affiliations the host may be involved in. "Capital Markets Quickie" does not offer financial advice. Before making any financial decisions, please conduct your own due diligence and consult with a financial advisor.

#France:  Brent Crude Oil prices. How to think about changing careers? Simon Constable, WSJ.com. Occitanie Region of France. https://www.wsj.com/lifestyle/careers/self-help-books-changing-career-business-9b2511f9 1912 Dieppe

Petrol prices could be set to soar as high as $3.50 a litre with the cost of oil at its highest point in a year. Brent Crude is edging towards $95 US per barrel. And S and P Global oil analyst Spencer Welch told the BBC, it could go even higher. And with Chinese refineries slowing down their output, there's a strain in other parts of the supply chain, too. Waitomo managing director Jimmy Ormsby spoke to Ingrid Hipkiss.

Dive into the latest CPI data from the U.S. and explore the market's muted response. Plus, keep an eye out as Brent Crude oil prices ascend past $90 per barrel. Everything you need to know, served quick and concise in today's Capital Markets Quickie. >>> Make sure to check out my newsletter "Cela's Weekly Insights": https://endritcela.com/newsletter/ >>> You can subscribe here to our YouTube Channel “MVP – Main Value Partners”: https://www.youtube.com/@MainValue >>> Visit out website for interesting articles on business, finance and much more: http://www.mainvalue.de >>> Follow me on LinkedIn: https://www.linkedin.com/in/endrit-cela/ >>> Follow me on Instagram: https://www.instagram.com/endritcela_official/ Disclaimer for "Capital Markets Quickie" Podcast: The views and opinions expressed on this podcast are based on information available at the time of recording and reflect the personal perspectives of the host. They do not represent the viewpoints of any other projects, cooperations, or affiliations the host may be involved in. "Capital Markets Quickie" does not offer financial advice. Before making any financial decisions, please conduct your own due diligence and consult with a financial advisor.

Bob Michele, JPMorgan Asset Management CIO & Global Head of Fixed Income, Currency & Commodities says the Fed may have to tip the economy into recession before cutting rates. Bill Dudley, Former New York Fed President & Bloomberg Opinion Columnist criticizes the Fed's proposal to increase capital requirements for the biggest banks. Greg Boutle, BNP Paribas, US Head Of Equity And Derivative Strategy explains why he ditched his call for an 11% drop in the S&P this year. Francisco Blanch, BofA Global Research Head of Global Commodities & Derivatives Research says he sees Brent Crude at $90 next year. Bhakti Hansoti, Johns Hopkins University Associate Professor of Emergency says Covid is similar to the flu.Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

The Indian benchmark indices Indian benchmark indices — Sensex and Nifty 50 — closed in the green on September 5 for the third consecutive session. The midcap index ended at a record high. However overnight, the global queues seemed to be a little bit sluggish and the US markets closed lower. Global cues to look out for is the Brent Crude which has moved up to a 10-month-high this point in time and the Asian market which are largely mixed at this point. The implied open for the Gift Nifty is indicating that it is going to be a little bit of a softest start for our markets to watch out for the flow picture because FIIs have net sold in the cash market for the second consecutive trading session. Overall, the next couple of queues to watch out for would be the G20 summit which is on September 9 and 10. Additionally, following that, there is the CPI data which will be out from the US as well as India on the September 12 and 13. Another cue to look out for is the fed meet towards the third week of September. Tune in to the Marketbuzz Podcast for more news and cues ahead of today's session

Nathan Dean, Senior Analyst: US Government with Bloomberg Intelligence, joins to discuss hits notes on a potential government shutdown, marijuana legislation, and any updates on crypto legislation and the SALT tax. Eddie van der Walt, Markets Live Editor with Bloomberg News, joins to talk about the slowing services sector in China, Country Garden and property sector concerns, and inflation outlook in the euro zone and what it could mean for next week's ECB decision. Bailey Lipschultz, markets reporter with Bloomberg News, joins us to break down the Arm IPO. Fernando Valle, Senior Analyst with Bloomberg Intelligence, joins to discuss Russia and Saudi Arabia oil cuts, Brent Crude hitting $90 a barrel, a potential Chevron strike in Australia, and rising gas prices. Nakul Duggal, Qualcomm Senior VP and Automotive General Manager, joins us from the IAA Mobility Show Munich to talk about the conference, chip and car production post-pandemic and supply chain, and autonomous vehicles and AI. Katie Charleston, founder at Katie Charleston Law, joins to discuss legal concerns over AI as it relates to the Hollywood strike and other labor-related issues. Hosted by Paul Sweeney and Matt Miller.See omnystudio.com/listener for privacy information.

Resource news in under 15 minutes: Gold remains subdued, the silver price goes nowhere though ANZ bank warns of a shortage, Brent is moves higher but can it hold? Copper traders are puzzled as stockpiles are drained but it's not matched up with demand, cobalt rallies but why, keep your eyes on the wheat price for the next week, two companies debut on the ASX and what the markets think the Fed will do in July. Time stamps 0:45 - The ASX welcomes two new explorers 1:17 – Gold range bound ahead of expected Fed July hike 2:39 – Australian bank warns of a silver deficit 4.25 – Large copper stockpile drawdowns puzzle traders 6:59 – Russia may not renew Black Sea Grain corridor  9:16 – Brent rallies on OPEC+ cuts but vulnerable to US economic data this week 10:25 – Cobalt spreads pushing cobalt price higher 13:38 – US embraces economic nationalism

Strong Demand Drives Rally in High Sulphur Fuel Oil Unforeseen winds of change swept through the freight industry as iron ore prices soared, driven by the unwavering commitment of China's Premier Li to bolster domestic demand. Freight industry traders and professionals! Brace yourselves for a rollercoaster ride.  This unexpected twist in the market will challenge conventional strategies, forcing you to question the status quo. Will you adapt and seize the opportunity to redefine your path? Or will you remain rooted in the familiar, unaware of the untapped potential that awaits? Make sure you listen to this new episode of "Freight Up" from FIS to get all the insight you need to make your decision! "For them all to be rallying, it shows some good health in the fuel market" - Archie Smith  Hi, I'm Fernanda, host of the Frieght Up podcast! Archie Smith and James Robinson join me to discuss the current market trends in fuel oil and iron ore. Archie dives into the rally in fuel oil cracks, particularly in high sulphur fuel oil, which he attributes to movements in the East, with our friends in China.  He also highlights the tightening gap between the cracks. James talks us through the significant rally in iron ore prices, also driven by Chinese commitments to demand. Timestamped summary of this episode: 00:00:00 - Introduction 00:00:29 - Fuel Oil Update 00:05:52 - Iron Ore Update 

While US stocks are back in a bull market, why are bond investors sticking to their forecasts for a downturn and advising hedging any bets on risk assets? And why is UBS Group imposing strict restrictions on bankers from Credit Suisse Group ahead of its takeover this week? Find out with Dan Koh and Ryan Huang. See omnystudio.com/listener for privacy information.

On June 1st, in front of a live audience in London, we recorded a special live podcast to celebrate the launch of Adi Imsirovic's new book: Brent Crude Oil - the genesis and development of the world's most important benchmark. The panel consisted of some of the leading figures in the past and current development and trading of Brent. What is Brent? Why is it so important? And what does the inclusion of the WTI mean for it? Adi along with Colin Bryce, partner at Energex, Kurt Chapman, board member of Zenith and Paul Horsnell, head of commodities research at Standard Chartered discuss. To be invited to future events please sign up to HC Insider at www.hcgroup.global 

In this episode of Market Minutes, Shailaja Mohapatra talks about OPEC's surprise oil production cut, March auto sales numbers, LIC increasing its stake in Bata India and why Cigniti Technologies should be on investors' radar. And, catch Anuj Dixit of Sovereign Global in Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends.

Oil prices are edging higher today after both WTI and Brent Crude dove more than $5 a barrel to 10-month lows yesterday. Again Capital's John Kilduff breaks down the outlook for energy ahead of OPEC's next meeting. Plus, it's the final stretch for retail earnings before holiday shopping season kicks off with Black Friday this week. SW Retail Advisors' Stacey Widlitz discusses which names to watch. And, futures are pointing towards a muted open, but will there be a Tuesday turnaround during this shortened week? CIC Wealth's Malcolm Ethridge, Potomac Wealth Advisors' Mark Avallone, and Aureus Asset Management's Kari Firestone weigh in.

Tom welcomes a new guest, Michael Moor, to the show. Michael is an analyst with a fifteen-year career on the floor of the NYMEX. He now provides industry-leading analysis and directional calls in the Gold and Energy Markets. He explains the importance of using technical trading and why it normally leads fundamentals. Michael explains what led him to make the call for low oil prices back in 2020. Heating oil and gasoline lead crude oil about eighty percent of the time, which can be highly advantageous in trading. He explains some of his analysis for gold and how time frames influence his calls. Various formations are usually a gradual progression over different time frames that eventually result in a move. He feels the down move in the S&P this year is more of a bearish correction within the longer bull cycle. He gives us his analysis on where the equity markets may be heading. Should the S&P hold around this level, we could see a substantial move upwards. He also believes that energy will be moving to the upside. Lastly, he discusses crude spreads and how they can be a leading indicator. Understanding the inner workings of energy options can give a trader an enormous advantage. Talking Points From This Week's Episode The importance of technical analysis and how it can lead the fundamentals.Calling oil prices back in early 2020 and some leading indicators for those markets.His outlook for gold and the S&P. Time Stamp References:0:00 - Introduction0:57 - Actionable Calls/Hedging3:42 - Technical Analysis4:57 - 2020 Oil Call & Spreads11:16 - Leading Indicators16:02 - Time Frames & Gold24:08 - Resistance Patterns25:23 - Bitcoin Chart & Time28:55 - S&P Progression36:28 - COT Thoughts37:26 - Leading Indicators40:53 - Wrap Up Guest links:Website: https://www.moor-analytics.com/LinkedIn: https://www.linkedin.com/in/michael-moor-119b492/recent-activity/Twitter: https://twitter.com/Michael15564596 Michael Moor studied Management and Finance at Rensselaer Polytechnic Institute (RPI) to get a more technical financial background. After starting with Citigroup, he moved on to be a Trader's Assistant for Chicago Research & Trading (CRT) on the trading floor of the NYMEX, working with futures and options pit traders. He developed a reputation for consistently making large directional calls in the markets, and started Moor Analytics at the request of two Natural Gas and Crude Oil option traders. This grew to encompass over 1/4 the NYMEX membership as clients, and was the #1 large-call published analyst on the NYMEX for over 10 years until he moved the business off the floor. He has since also included European energies and Gold, and currently has proprietary traders, hedge funds, and oil companies as clientele. Moor Analytics produces technically based market analysis and actionable trading suggestions. These are sent to clients twice daily, pre-open and post close, and range from intra-day to multi-week trading suggestions. Markets covered are Crude Oil (WTI), Natural Gas (Henry Hub), Unleaded Gas (RBOB), Heating Oil (ULSD), Brent Crude, Gas Oil, and inter and intra-commodity spreads. Gold is also covered.

Live from the no panic zone—I'm Steve Gruber—I am America's Voice— I am a radical MAGA American extremist— I have wild fringe ideas—like loving the Constitution—and embracing other insane ideas like the Freedom of Speech! I am the guy Joe Biden has been warning you about—and I'm good with that!   Here are three big things you need to know right now— ONE— Governor Newsome has signed the death warrant for dozens—and maybe hundreds of fast food restaurants in California—by interfering once again with business— TWO— The UK has a new Prime Minister—and she is being compared to the Iron Lady—well sort of—she is being called Margaret Thatcher light—which give me mixed feelings— THREE— I took me a long time to figure it out but I think I have.    Joe Biden mumbles so much and a lot of what he has to say is incoherent— so we just misunderstood what he is saying.   You see for example, for the longest time, I thought—in fact millions of Americans thought that Joe Biden was saying he wanted to unite the country. What he was actually saying was— he wanted to ignite the country. Which so far, he has been very successful at doing— he wants to burn the place down.   It's all perfectly clear to me now. I mean you look at all the policies that are clearly designed to damage this country to the point of no return that have been rolled out by Joe Biden and his dementia addled brain.   Last week's fiery speech in Philadelphia was the pinnacle of dividing America—he could have said many things that could have been positive— sadly he said none of them.   Joe Biden has never actually stood for anything but has been very skilled in turning elected office into a gold mine—not just for himself but for his entire family—including his shady brother Jim and his junkie and hooker loving son Hunter—   And while this is going on—America is adrift with a weak economy, an open border and a foreign policy that nobody could actually define. What is the Biden Doctrine? Anyone?   Well now—we have two major developments; one that will almost certainly damage the American economy further—and the other that will create a domino effect on food, energy and just about everything else—creating shortages like we have never seen here—   First in the face of Joe Biden appalling energy policies—OPEC announced yesterday that it will be cutting oil production beginning in October—the announcement already pushed the price of Brent Crude up yesterday by 3.6% — add to that the further reduction of Russian energy to Europe and the EU is facing a bleak winter ahead—the nations of Europe have already seen a cost of living explosion that is causing major political backlash in several nations—   Here at home—global demand spiking—while Joe Biden is shutting off American energy at every turn—means the prices for electricity—gasoline and everything else are almost certain to spike as we head into the heart of winter too—   Another developing story—the potential for 115,000 railroad workers to walk off the job shortly—yeah let that sink in for a moment—at a time—when major rail lines have been reducing the amount of freight that can moved because of a variety of negative factors—a strike could accelerate increases in energy cost—BUT more frightening—at a time when a war on farming has been undertaken by the Green New Dealers and their socialist allies worldwide—freight trains coming to a halt in America could easily create serious food shortages in the very near future—   In mid-August President Biden convened the Presidential Emergency Board—which has since issued its recommendation of a 22% increase in pay over 5 years—and back-dating it to 2020—BUT the workers have balked at the deal—saying it falls far short of what they need—especially in view of dramatic spikes in inflation—plus skyrocketing health care costs—   This is a major problem for Biden and his people—the rail industry is heavily unionized—AND there are 13 separate unions involved—ranging in size from several hundred—to tens of thousands—   There has not been a major rail strike in The United States since the early 1990's—and one now—could not come at a worse time for the country—or the Democrats that are already facing stiff headwinds in the mid-term elections—   A national rail strike would have major economic impacts almost immediately—   The 13 unions that were once united have now fragmented—have been in negotiations since 2019—and the window prohibiting a strike ends on September 16th under the Railway Labor Act—   Two of the major sticking points—are sick time—believe it or not, Railroad workers get ZERO sick days—and Joe Bidens Board refused to even consider that point—and the very strict attendance policies—both are deal killers to the unions it sounds like—   I wonder what transportation Secretary Little Petey Buttigieg will do about that? I mean there were 6,000 cancelled flights just on Sunday—another problem he promised to take care of—   By comparison a rail strike will be far more devastating to Little Pete and Dementia Joe, neither of whom seem to have any idea how to deal with a crisis—   The last year I can find reliable reporting—Railroads accounted for about $300 Billion in economic activity—and again with the U-S already in a mild recession—this kind of disruption to already fragile supply chains could have a devastating domino effect—   But don't worry I am sure it was top of mind while Joe Biden was visiting ice cream shops and beaches over the long Labor Day weekend—and how ironic is that—big Labor is on a collision course with a very big strike—and the administration is nowhere to be seen—   These are many of the reasons—it's clear Joe Biden really meant to say—he would ignite the country—not unite the country

For now there doesn't seem to be any change with OPEC, says Matt Smith. He discusses how OPEC exploring the idea of suspending OPEC+ supply agreement with Russia. He talks about how oil prices fall ahead of OPEC+ meeting, highlighting RBOB Gasoline futures (/RB). He also goes over how there is a tighter cap between Brent Crude oil (/BZ) and WTI crude (/CL) prices. He then mentions the impact of inflation on energy prices. Tune in to find out more.

Slide deck: https://bit.ly/3sXgcq8   - This Special Edition podcast features Kim Cramer Larsson, Saxo's head of Technical Analysis who takes us through the technical chart outlook for a wide array of assets including the S&P 500, DAX, Brent Crude, US 10-year treasury yields, EURUSD and other FX pairs, with an eye on key support and resistance levels, trend status and a flexible outlook on scenarios that could develop from here.  This episode was recorded on Wednesday, May 25, with John J. Hardy hosting. Intro and outro music by AShamaluevMusic

In this episode Scott Becker discusses: Markets and treasuries update. The 4 Percent Rule. Apollo may join Musk in bid for Twitter Blackstone to buy American Campus Communities for $12.8 billion. Crypto markets down 19% year to date. Brent Crude at $112 a barrel.

In this episode Scott Becker discusses: Markets and treasuries update. The 4 Percent Rule. Apollo may join Musk in bid for Twitter Blackstone to buy American Campus Communities for $12.8 billion. Crypto markets down 19% year to date. Brent Crude at $112 a barrel.