Copper Prices Slide to Lowest in Nearly 7 Years @FoxBusiness
http://www.foxbusiness.com/markets/2016/01/07/copper-prices-sldie-to-lowest-in-nearly-seven-years/?intcmp=bigtopmarketfeaturesside
TransCanada sues U.S. over Keystone XL pipeline rejectionTransCanada sues U.S. over Keystone XL pipeline rejection
http://www.reuters.com/article/us-transcanada-keystone-idUSKBN0UK2JG20160107
Kasich: World is Paying the Price for China’s Government @FoxBusiness
http://www.foxbusiness.com/business-leaders/2016/01/07/kasich-china-govt-never-let-markets-work-and-world-is-paying-price/?intcmp=bigtopmarketfeaturesside
Required Reading Of The Day
Fed’s Evans favors slower interest rate path in 2016 Wall Street hit by China tumult, oil slide China lets yuan slide, starts fight to halt turbulence Paris police kill man armed with meat cleaver on Charlie Hebdo anniversary Alabama sues federal government over Syrian refugees Baltimore police officer appeals order to testify in Freddie Gray…
A few short notes heading into the fake job’s report and the weekend.
Greetings from snowy Denver. If this isnt a bear market, we hate to see what a bear market looks like. We say this because a few brave but idiotic market pundits were out today saying that we are still in a bull market. They are either nuts or full of crap with an agenda. If…
The Closing Look
Stock Market Commentary: Stocks fell hard again on Thursday after China’s stock market was halted for the second time this week. In early afternoon trade, Reuters reported that China’s central bank is under increasing pressure to let their currency (the yuan) fall sharply by as much as 10-15%. Earlier today, China also suspended their new circuit…
Near term thoughts on the waaaaay oversold condition!
Just wanted to reiterate something we said this morning in the report. On a short term basis: “Markets are now beyond oversold and stretched to the downside on a near-term basis. We suspect any day now to see some vicious rallying/bouncing but that will not change the big picture. Keep in mind, in bear markets, oversold can get…
IT’S A FREAKING BEAR MARKET! PART 2!
“IT’S A FREAKING BEAR MARKET! PART 2! By Gary Kaltbaum-January 7,2015 garyk.com @GaryKaltbaum Fox News Business Contributor We disagree with the many who are saying this morning that this is just a correction in a bull market. We disagree with the many who said this all started this week. We disagree with the many that…
The Morning Look
Stock Market Overview: U.S. stock futures are plunging once again ahead of Thursday’s open. Overnight, China’s stocks plunged another 7% and were closed after circuit breakers were triggered for the second time this week. This clearly is not a good sign to see a major stock market in the world plunge and close twice in one…