After oil prices fell to below $49 a barrel for the first time this year, the prospect of a decline of 40% is plausible, with a probability of about 20% according to the proven adaptive ZYX Allocation Model. Such a decrease would have the potential to take the stock market
The fundamental case for Dow 30,000 during Donald Trump’s first term has strengthened as earnings season winds down. Interestingly, this is happening at a time when, from a technical perspective, the stock market has staged a successful breakout of low volatility since the election. Still, there are two danger signs,
My interpretation from this chart going back 56 years is that Donald Trump’s criticism of the Federal Reserve will kill the “Trump rally.” It’s not a question of “if,” but “when” and from “how high.” At a minimum, the foundation of the death of the Trump rally will be
OPEC reached an agreement this morning to cut oil production more significantly than anyone expected. In the past, OPEC agreements have suffered from widespread cheating. This time it is somewhat different, in that most of the cuts are coming from Saudi Arabia, and in our opinion, Saudi Arabia tends to
My long-time readers know that my calls tend to be measured, and I am not given to hyperbole. So why do I call Royal Dutch Shell RDS.B, the best super major oil company? There are six super major oil companies: BP Plc BP, ConocoPhillips COP, Chevron CVX, Royal Dutch Shell, Total