Financial Sense

July 26-27 – The Fed Will Put Us on Notice for a September 20-21 Rate Hike
Paul Kasriel's picture

The Fed was cocked and primed to deliver a 25 basis point increase in the federal funds rate on June 15. But on June 3, the BLS announced that nonfarm payrolls increased a paltry 38,000 in May. This monthly random number prompted the Fed...

Sovereign Debt Downgrades Accelerate in 2016
Monty Guild's picture

The three main rating agencies—Fitch, Moody’s, and Standard and Poor's—all went on a downgrading spree in the first half of 2016. So far this year, Standard and Poor's has downgraded 16 sovereigns, Moody’s has downgraded 24...

Oil Rally Hopes Crushed as Inventories Hit All-Time High
Oil Price's picture

Oil prices sank on Thursday following fresh data showing oil and product stocks rising to an all-time high. The EIA released its weekly data on July 20, revealing a slight drawdown in crude oil inventories. Crude oil stocks were down...

Signs of Excessive Bullish Sentiment
Tom McClellan's picture

I like to watch the data on the number of shares outstanding in certain select ETFs, and one of the best for this purpose is the biggest one, SPY. It tracks the SP500, and it currently has $196 billion invested in it. So it is a big deal.

The Girl Child Arrives
Bruce Krasting's picture

It was just seven months ago that the strongest El Nino in recorded history was set. The weather folks and their computers were anticipating that the Pacific Ocean would revert to a neutral status (+/- 0.5 degrees Fahrenheit). Now it looks like a full bore La Nina is in the immediate future...

S&P Warns of Rising Global Default Wave
Danielle Park's picture

Still stinging from the blame and lawsuits directed its way in the 2008 crisis, S&P Global Ratings is trying to get out in front of the default tsunami now rising in corporate debt markets around the world. Already north of $50 trillion in 2015, corporate debt globally is expected...

Gold Investment Slows, Soft Summer 'Risks $1300' But Bond Defaults 'Will Spike' as Japan, Eurozone Deny Fresh Stimulus
Adrian Ash's picture

Gold investment prices rose from 3-week lows but struggled to hold gains versus major currencies on Thursday as world stock markets retreated from new all-time highs amid news that neither Japan nor the Eurozone plan to add more....

Fund Managers at Highest Cash Levels in 14 Years
Urban Carmel's picture

Since February, US equities have risen nearly 20%. Equities outside the US have risen 12%. A tailwind for this rally has been the bearish positioning of investors, with fund managers' cash in February at the highest level

Stoeferle: Helicopter Money Coming and It Will Boost Gold Market to New Highs
FS Staff's picture

Gold is back in a new bull market as governments around the globe have moved to a new stage of desperation by toying with the idea of "helicopter money," Incrementum's Ronald Stoeferle told Financial Sense in today's podcast. Stoeferle co-authors the widely read...

Trump vs Clinton: How Will Energy Fare?
Oil Price's picture

The Republican National Convention is underway and the Democrats will host their version next week. While countless articles have been written about the differences between the two candidates, the Republican and Democratic Parties just...