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• Crude oil futures settle at $78.26
  Crude oil futures are settling at $78.26. That is down -1.0% or -1.26%The price is settling near the lows for the day. The low for the day reached $78.23. We left for the day was at $79.93.For the trading week, the price was up $0.40 or 0.52%.Looking at the daily chart, the price action today […]
• What key economic events the releases are on the schedule starting May 13?
  Sunday, May 12NZD11 PM ET: Inflation Expectations q/q: Last Q 2.5%Monday, May 13CHF12:45 PM ET: SNB Jordan speakingTuesday, May 14GBP2:00 PM ET: Claimant Count Change: Expected: 13.9K, Last: 10.9KUSD8:30 AM ET: Core PPI m/m: Expected: 0.2%, Last: 0.2%8:30 AM ET: PPI m/m: Expected: 0.3%, Last: 0.2%10 AM ET: Fed Chair Powell Speaks in AmsterdamAUD9:30 PM […]
• Goolsbee and Kashkari: In a wait-and-see mode.
  Minneapolis Fed Pres. Kashkari:Is cautious about how restrictive monetary policy isThe business community does not think that financial conditions are tight.I am in a wait and see modeCan't rule out raising ratesWe saw gains in the supply side of the economy which drove the declines inflation last year. I just don't know this year if […]
• US federal budget for April surplus $210.00 billion versus $244 billion estimate
  Prior month $-236 billionApril 2024 surplus $210 billions vs $244B estimateApril 2023 $176 billion.US fiscal 2024 year-to-date deficit $855 billion versus comparable fiscal 2023 deficit of $925 billionApril budget outlays $567 billion versus $462 billion in April 2023. Outlays are up 22.72% from 2023April receipts $776 billion versus $639 billion in April 2023. Receipts are […]
• Enter the Wasteland: Survive & Thrive in a Post-Apocalyptic Playground with DECIMATED
  As the digital dawn of gaming rises, the visionary minds behind DECIMATED are ecstatic to unveil their groundbreaking foray into the desolate yet captivating future of online gaming. DECIMATED, a novel 3rd person PvP and PvE online game experience, invites players to an unprecedented journey through a vast dystopian landscape. Offering freedom for players to […]
• Chicago Fed Pres. Goolsbee: Feds inflation target acts as an anchor on expectations
  Chicago Fed Pres. Goolsbee is speaking ahead of his moderated discussion with CNBC Liesman.Fed 2% inflation target next as in anchor on expectationsShort run inflation expectations aren't what mattersNot surprised that one year expectations was higherAt this time not much evidence that inflation is stalling out at 3%.We hit an inflation bulb this year and […]
• Baker Hughes oil rig count -3 to 496.
  The Baker Hughes rig count for the current week is showing:Oil rigs down -3 to 496Gas rigs up 1 to 103Total rigs down -2 to 603The reserve pool is trading at $78.35 down $0.92 or -1.16%. Prices are trading near lows for the day. The high of the day was at $79.93.For the trading week, […]
• Fed's Kashkari and Goolsbee are ahead
  Minneapolis Fed Pres. Kashkari and Chicago Fed Pres. Goolsbee are expected to be jointly interviewed by CNBCs Steve Liesman ahead (at the top of the hour - well maybe it is a little later). Kashkari has been more hawkish of late. Goolsbee tends to be more dovish or less hawkish. This article was written by […]
• The godfather of quants dies: Jim Simons dead at 86
  One of the greatest investors in history died today at 86, according to his foundation.I was speaking about Simons earlier today in a webinar so it's a terrible coincidence that he died on the same day.Simons didn't start investing until the second half of his life, founding what would be Renaissance Technologies in 1978 after […]
• McDonalds is preparing a $5 deal meal promotion
  McDonalds is preparing a $5 deal meal promotion. Needless to say, the cost of food has been rising and there are no bargains at the fast food restaurants either. Are consumers starting to show their unease with price rises by voting with their pocketbooks? Looking at the annualized food costs in the US from the […]