Factories Crank, Bonds Tank
Factory orders for the month of June posted their largestmonthly gain in over seven years. The rise shows the manufacturing sectorremains healthy, growing and potentially inflationary despite a recent flurry ofdata depicting an economic slowdown. Traders are waiting for the employmentreport slated f
Spurt Of Crude Dashes Oil
Resolve by the largest producer in OPEC to lower world
oil prices by pumping up production took some of the heat out of energy markets
OPEC Opens Spigot
Saudi Arabia, the largest producer within the Organization ofPetroleum Producing Nations (OPEC) said it would crank up oil production if abasket of oil it tracks does not fall below $25 a barrel. Energy prices gappedsharply lower following the statement made late Monday. Although there is littleexc
Separating The Wheat From The Chaff
Slow and thin pre-holiday trade did
not hamper downside acceleration in the grains
Fading The Majority
One day before the 4th of July holiday, metals, energies and
softs and fibers are not trading and other markets are running on a shortened
schedule.
Greener Acres Husk Corn
Corn, wheat and soybeans are all sharply lower following a
bearish report by the United States Agricultural Department.
Green Acres Paint Grains Red
Farmers sowed more acres of wheat and corn than even the
most optimistic analysts’
Economy Slows, Bonds Party
More signs of an economic slowdown and the
first hints from the Fed
Greenspan Turns Stock Index Futures Red
Stock index futures are continuing lower after a late-session tumble Wednesdaythat developed in the aftermath of the Federal Reserves decision to leaveinterest rates unchanged. The market seems to be saying that the Fed may haveraised rates too much, perhaps slowing the economy excessively. Lewis
Gold Presages Fed Inaction
Gold is following through on Tuesdays late rally,providing an early indication that the Fed will not raise interest rates at itsFOMC meeting Wednesday. Gold is still viewed by some as a hedge againstinflation. Despite a slow-down in the economy, inflation could be creeping intothe economy due to h
Lewis Fades The Fed Fake-Out
Lewis Borsellino described in his
Nat Gas Turned On High
Natural gas gapped above its recent, expanded consolidation range and is trading
at a fresh contract high.