Near-Term Challenge for Oil 07-21-16

Aside from weakness January and February, 2016 has been a good year so far for oil, returning over 21 percent year to date. The strength of the oil rally, has taken other commodities with it. For example, gold and silver, among others, are up over 25 percent and 42 percent respectively. That certainly outpaced anything we have seen in the broader equity markets and speaks to the extent to which temporary oversupply had disrupted commodity markets through 2014 and 2015. Read more about Near-Term Challenge for Oil 07-21-16

Oil Trails Equities in Post-Brexit World; Gold Pushed Higher 07-14-16

The big story this week is of course the gains in the S&P 500 that saw the index finally push past its all-time high established in May 2015. With each day, the market made a new record closing high. Today it settled at 2163.75. Indeed the post Brexit environment has been favorable for US equity markets, the first two days following Brexit notwithstanding, as the US economy surely benefited from a global flight to safety. Read more about Oil Trails Equities in Post-Brexit World; Gold Pushed Higher 07-14-16

Flight to Safety 07-07-16

Brexit has gone and passed. While the unexpected results shocked markets lower last week, S&P 500 has largely recovered and is back in positive territory for the year. The prices of some commodities, including the King Commodity, oil, are still below pre-Brexit levels, while others, primarily precious metals, have benefited from the flight to safety we have seen in the short term. Read more about Flight to Safety 07-07-16

Britons Cast Their Votes 06-23-16

This week has been quite light on major economic data releases in the U.S. and as such provided the press an overabundance of copy that needs to be filled with breaking news. Unfortunately for patient investors that would prefer filter out as much noise as possible, the pages have been filled this week with doom and gloom reports about the Brexit vote that is happening today in the U.K. Read more about Britons Cast Their Votes 06-23-16

Don't Fret About Brexit 06-16-16

Although we like to keep the focus of our weekly updates on recent developments in the oil and commodity markets, as well as indirect resource plays such as defense and cyber security, sometimes there are events in the broader macro economy that warrant special attention due to their potential to sway markets. In the case of Brexit it seems the market's anticipation of the negative consequences event might be far more than reality. Read more about Don't Fret About Brexit 06-16-16

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