commitment of traders

Deeper Penetration of Doubt?

Something had to give one way or the other. With all the oil traders piled onto the long side, either demand had to seriously pick up (or plausibly appear ready to do so) or the weak hands would start to capitulate. But as WTI has pulled back from $54 to around so far $48, the futures market remains nearly as [...]

Why Aren’t Oil Prices $50 Ahead?

By Jeffrey P. Snider|2017-02-17T18:00:08-05:00February 17th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Right now there are two conventional propositions behind the “reflation” trade, and in many ways both are highly related if not fully intertwined. The first is that interest rates have nowhere to go but up. The Fed is raising rates again and seems more confident in doing more this year than it wanted to last year. With nominal rates already [...]

Stay In Touch

Contact