From Sean Brodrick: Oil prices are surging. The bulls are back in the driver’s seat, impatiently honking the horn and barreling down Wall Street.
Recently, I had the privilege of appearing on “Countdown to the Closing Bell,” Liz Claman’s program on Fox Business. When asked if I was nervous that stocks are heading too high, I said that I’m very bullish. All around the world, exports are up, GDPs are up and the global purchasing manager’s index (PMI) is up.
From Contrarian Outlook: A bull market that’s already long in the tooth is staring political and even natural headwinds right in the eyes. Valuations are stretched. And even some of Wall Street’s biggest names – three of which I’ll warn you about today – are increasingly looking vulnerable to massive pullbacks should the market buckle […]
From Invesco: The slow recovery from the global financial crisis would have been expected to support oil, gas and coal prices, but the sharp, concurrent rise in oil and gas production from shale has driven prices to multi-year lows.
From Corey Rosenbloom: So far in 2017 we’ve seen relentless selling pressure in the Energy Select Sector SPDR ETF (NYSE:XLE).
Venezuela is sliding closer and closer toward the brink, and things look as if they’ll get worse, unfortunately, before they improve.
From Bryce Coward, CFA: It’s news to no one that energy has been the worst performing sector year to date with plenty of hatred of the sector to go around.
From Mike Burnick: It has been a tough year for energy-sector bulls, no doubt about it.
From Knowledge Leaders Capital: Back in December 2016, we discussed our expectation for lower longer-term US interest rates, which we used to justify an aversion to financial stocks. This expectation played out.
From David Fabian: Every year brings with it new challenges with respect to sector leaders and laggards. This is particularly acute for investors that own individual stocks or that like to add tactical exposure via sector-focused ETFs. Sometimes you are in the sweet spot and other times you miss the mark entirely.
Surprising no one, President Donald Trump announced his decision to withdraw the U.S. from the Paris climate agreement last week, highlighting the depth of his commitment to keep “America First.” Also surprising no one, the media is making much of the fact that the U.S. now joins only Nicaragua and Syria in refusing to participate […]
From Dana Lyons: Oil stocks are again testing important support stretching back 3 decades – how long will it continue to hold?
From Steven Vannelli, CFA: So far in this earnings season, with over half of companies having reported, the energy sector has experienced the biggest earnings surprise. Earnings have come in almost 23% ahead of analyst estimates, nearly double the surprise of the consumer discretionary sector.
From David Dutkewych: Years of cheap credit have not only helped the U.S. economy recover, but the world’s economy. There’s no doubt about it.
From Franklin Templeton Investments: Oil is back in the news, with the price of benchmark West Texas Intermediate (WTI) crude roughly doubling from last year’s lows driven by steady demand and coordinated supply cuts by Organization of Petroleum Exporting Countries (OPEC) and non-OPEC producers.