OPEC sees oil market rebalancing in 2016, but Iran to counter non-OPEC decline
http://www.reuters.com/article/us-opec-oil-idUSKCN0UW1LY
Required Reading Of The Day
U.S. ‘stuck to its guns’ on Iran prisoner swap: freed detainee’s brother Asia stocks subdued after retreat in Europe, oil stays bearish U.S. sailors captured by Iran were held at gunpoint: U.S. military Burkina Faso’s long night of horror
It’s not a bear market! Bazinga!
Transports down 28% and back to where they were May of 2013. Russell 2000 22% and May 2013. NYSE 17% and April 2013. Mid caps 17% and August 2013. Emerging markets (EEM) 45-50-% and back to where it was in May of 09. Not a typo. S&P 12% and February 2014. Dow 13% and November 2013….
The Closing Look
Stock Market Commentary: Stocks fell hard on Friday as oil prices plunged nearly 5%. Stocks tried to bounce on Thursday but the fact that they can’t bounce from deeply oversold levels shows you how weak the market is right now. Stocks will be closed on Monday for the holiday but markets overseas will be open….
The Morning Look
Stock Market Overview: U.S. stock futures are down big on Friday giving back most Thursday’s strong upside reversal. Once again oil prices are tumbling and global markets are selling off. We have mentioned countless times that the market was deeply oversold and way over due to bounce. The inability to bounce speaks volumes to how…
Government to track secret buyers of luxury real estate @FoxBusiness
https://video.foxbusiness.com/v/4703921608001/government-to-track-secret-buyers-of-luxury-real-estate/?#sp=show-clips
JetBlue Warns of Delays After Power Outage Shuts Website @FoxBusiness
http://www.foxbusiness.com/markets/2016/01/14/jetblue-warns-delays-after-power-outage-shuts-website.html
Oil Rebounded on Thursday After Eight-Day Rout @FoxBusiness
http://www.foxbusiness.com/markets/2016/01/14/oil-rebounds-after-eight-day-rout.html