Oil has been falling like a stone. The U.S. Dollar rally has taken all commodities lower, but the one most consumers watch has hit a multi-year low. This is great news... lower prices at the pump. I think this is setting up for a great trade, and one I may look to enter today. Here is what I plan to do.
It is Veterans Day. We salute you.
While only one day of the year is dedicated solely to honoring our veterans, Americans must never forget the sacrifices that many of our fellow countrymen have made to defend our country and protect our freedoms.
Randy Neugebauer
Stock futures remain well bid. The Yen is getting crushed again with the USD/JPY up over 100 pips. The Nikkie 225 is up 2% continuing the massive rally its seen the last month. It remains a don't fight the trend market.
Here is what I am reading this morning:
Stocks closed at a fresh record high again yesterday. This morning brings a new trading session and the chance at yet another record close. The jobs report will be out in a little while. Jobs? Who cares about jobs. It seems like the less people who are working the higher the stock market goes, or vice versa. It really doesn't matter. When you have central banks around the world buying everything under the sun with freshly minted fiat current... the stock market is your oyster.
Here is what I am reading this morning:
Stocks closed at record highs yesterday, as the sell off of three weeks ago is now a far distant memory. Gold continues to plunge to new multi-year lows as investors seek the rewards of owning stocks.
Earnings reports continue this week. Last night $WFM reported results that pleased and the stock is up some 8%+ early on today.
Here is some of what I am reading this morning:
