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Oil glut worsens
Oil prices continued to fall over the weekend as the global glut of crude oil shows no signs of slowing. WTI crude is now trading near $42 per barrel. Stocks are slightly lower, but momentum seems to...
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State of the Markets: Let's review – part I
As I have mentioned previously, in March of this year, I accepted the position of Chief Investment Officer at Sowell Management Services, an investment management firm responsible for north of $500...
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State of the Markets: Let's review part II: Is there value in them thar hills?
This morning, we'll continue our look at the market through the three primary time-frame lenses. Yesterday, we reviewed the action and the drivers from the short- and intermediate-term view. Today, we...
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China drags on market
The Shanghai Composite index was clobbered overnight, apparently due to concerns over the continued slowing of the Chinese economy and growing suspicions that the Chinese government will be forced to...
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Stocks are trading in a very tight range
Stocks are lower this Wednesday morning after another volatile session on the Chinese markets. However, stocks have already stopped falling and are moving back up, just as was the case on Monday and...
View ArticleThe Whaley Report: Headlines and reality
Last week the People’s Bank of China (“PBOC”) took the unexpected action of devaluing their currency, the Yuan (Renminbi), for three consecutive days. It never ceases to amaze me how the unexpected can...
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Down we go
The global oil glut continued to worsen overnight, pushing the price of oil to its lowest level in six years. This Thursday morning saw WTI crude within pennies of $40 per barrel, a significant...
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State of the Markets: China remains the focus
Stocks finished significantly lower yesterday following a weak tone in global equities, despite some positive action late in day following the FOMC minutes. China has been the primary driver of the...
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State of the Markets: The worst day of the year
It felt like it had been coming for quite some time, but yesterday's selling spree was still surprising given the sheer severity of declines across major indices despite the lack of an “event,” so to...
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Market slump deepens
The market finally found a direction in Thursday’s session – down. Responding to the falling price of oil, volatility in China, and perhaps to cybersecurity concerns, the broad market fell by more than...
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