Unlike base metals like zinc or copper, there isn’t a supply problem with aluminum, per se. That is, aluminum is a plentiful metal. Bauxite, aluminum ore, is the primary sourc...
Any kind of strength whether it is by a gap higher or intraday rally, immediately gets sold off. We’ve seen it almost every day now over the last seven trading sessions. ...
In a relatively quiet week for economic data, except for the UK, we suggested that politics may trump economics. Today, the Canadian dollar is the weakest of the major currencies,...
When Janet Yellen, Chairman of the US Federal Reserve, said in June that she does not expect another financial crisis in our lifetime, eyebrows were raised. None more so than Richa...
Shares of Omnicom (OMC) are sliding after Morgan Stanley analyst Benjamin Swinburne downgraded the stock to Underweight, the firm’s equivalent to a sell rating, as he contend...
(Photo Credit: Fortune Live Media) Investment banks Goldman Sachs and Morgan Stanley will be reporting their quarterly earnings tomorrow morning. Here’s a look at how they are p...
Crude oil extended gains on Monday after Iraqi forces captured a military base, oil fields and an airport outside Kirkuk in the Northern part of Iraq. Brent crude oil rose 1.5 perc...
What is the magic that allows us to have intraday liquidity through an ETF on a market that itself trades more or less by appointment? Case in point: the high yield bond market. Or...
The Consumer Price Index for Urban Consumers (CPI-U) released Friday puts the year-over-year inflation rate at 2.23%. It is substantially below the 3.76% average since the end of t...
The positive momentum witnessed in the U.S. construction sector at the beginning of 2017 is looking somewhat shabby now. Tepid housing sales data owing to inventory shortage along ...