Crude Oil has rallied for the past few months, could it be peaking? Joe Friday suggests Crude finds itself at a key inflection point for it and its Fear Index (OVX).
Below looks at Crude Oil futures over the past decade-
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Not only was there much confusion ahead of the September payrolls report, there was just as much confusion inside it, because while the market decided to ignore the 33,000 drop in payrolls (as per the Establishment Survey), the first monthly decline in 7 years and instead focus on the just as widely expected spike in average hourly earnings, a result of hurricane-induced labor shortages, what it appears to have forgotten is the "other" Household Survey, which showed a vastly different picture.
As noted earlier, Wall Street was completely clueless ahead of today's payroll, with most expecting a small positive print but two brave forecasters went so far as to predict that the recent hurricanes would result in a negative print, and sure enough, moments ago the BLS reported that in September, the US economy lost 33,000 hurricane distorted jobs, the first payrolls decline since September 2010.
Authored by Mike Krieger via Liberty Blitzkrieg blog,
If you need further evidence regarding how wasteful and irresponsible Washington D.C. is when it comes to our tax dollars, look no further than the behavior of agencies under Donald “drain the swamp” Trump.
This year’s spending binge amounted to $11 billion in the last fiscal year week of 2017, and many of the excesses were detailed by Open the Books Founder and CEO, Adam Andrzejewski, in a recent Forbes article.
Submitted by Bill Blain of Mint Partners
“You’re a cop. I had your job once. I was good at.”
Continued Upside! What does it mean? Short term complacency danger, but long term maybe soft bull?