After being held below the water’s surface for a two count, bulls have struggled free and popped their head up enough to grasp a few breaths of fresh air. While I am not too confident that they will be able to remain above the water line for long, it would…
Commentary
Daily Comments
I will let this chart speak for itself, but unsurprisingly, major oil companies have done quite well since Russia invaded Ukraine, not that they were doing poorly prior to that. In fairness, in response to the invasion, BP did liquidate its 19.75% ownership of the Russian Oil company Rosneft, which…
Daily Comments
While one would have to believe the market influence would be primarily psychological, the biggest story we find this morning is that the first ship loaded with Ukraine grain since February has set sail from Odessa. The Razoni, a Sierra Leone flagged vessel, is loaded with 26,000 MT of corn…
Weekly Commentary
Finally, financial publications, economists, both actual and make-believe (I am not a real economist, but I play one on TV), and politicians have something to obsess about other than inflation. The only problem is that it has now evolved into a discussion as to if we are in a recession…