By EconMatters
A positive week for risk assets, we consolidated recent gains and even finished the week higher in most risk assets. Gasoline had a stellar week, and points to a bottom in the Oil Market.
https://www.youtube.com/watch?v=WglBGQk1qGg
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One week ago, we reported that even as traders were focusing on the daily headline barrage out of OPEC members discussing whether or not they would cut production (they won't) or merely freeze it (at fresh record levels as Russia reported earlier today) a bigger threat in the near-term will be whether the relentless supply of excess oil will force Cushing, and PADD 2 in general, inventory to reach operational capacity.
Submitted by Thad Beversdorf via FirstRebuttal.com,
The week explained...
http://www.youtube.com/watch?v=FsqJFIJ5lLs
Stocks extend gains this week - now the best 2-weeks since Bullard's Oct 2014 lows... BULLARD 2 - 0 REALITY
But ended on a weak note...
Futures give us a glimpse of the sudden buying panic into Europe's Open/China's close, selling at US Open on the "good" news... Weak close...
Even though Trannies and Small Caps gained on the day (more squeezes)...
Submitted by Lance Roberts via RealInvestmentAdvice.com,
I was wrong.
I wrote last year that the economists in charge of monetary policy at the Fed were the worst economic forecasters on the planet. To wit: