Global Markets

Copper Prices May Fall Further In 2016 As Headwinds Mount

While copper has seen a sizable rally off the 2016 lows, it’s still in a downtrend. And this trend currently appears to be ready to continue lower based on a number of notable headwinds. Bearish headwinds include current price action, momentum, seasonality, and money flow. I’ll dig into each of these…

3 Considerations For Investors Into Wild Presidential Election

It is normal during every Presidential election cycle to become concerned about its impact on the markets. This election, though, does seem to stand out in terms of concern regardless of your political persuasion. I’m 51 years old and I can’t ever remember an election like this before! And, no…

S&P 500 Futures Trading Outlook For July 28

S&P 500 Futures Broad Market Overview for July 28, 2016  –  The Federal Open Market Committee (FOMC) release yesterday did little to shake the charts from their congested levels. Though we dipped deeply into support, once again, a tradable buying opportunity was at hand. Early morning S&P 500 futures trading…

CHART: Higher Oil Prices Trigger Oil Production Increase

The following was written by the Richardson GMP Asset Management Team. An interesting thing happened this week, total oil production rose for just the third time this year. The +0.68% oil production increase was the largest increase since last October. It’s not all that surprising; it’s simple economics. Higher prices…

Market Update: Technical Thoughts Heading Into The Weekend

S&P Futures (near-term trading outlook): – Bullish, growing more positive over 2104 for a move to 2122-3- The neutral range in the last week should give way to more volatility in the days ahead but I’m favoring a bullish bias given the positive action in Healthcare, Industrials with A/D lines back at new…

Brexit: History Says Stocks Recover Quickly From Market Events

Key Takeaway: While the results of the UK vote and advisory referendum have prompted swift reaction in the financial markets, the political path forward is uncertain. Further, there should be no expectation of swift or perhaps even clear resolution. However, history suggests that stocks tend to rebound quickly from market…

Historic Brexit Vote Rattles Markets; Treasury Bonds Gain

Last Thursday the markets were upbeat on the expectation that UK voters would vote to remain a part of the European Union. Then on Friday morning we learned that the ‘consensus’ was wrong and that the people of the UK voted to once again control their country’s destiny. The historic Brexit vote caught…

S&P 500 Futures Trading Outlook For June 21

S&P 500 Futures Trading Outlook for June 21, 2016 (ES_F) – In S&P 500 futures trading, the charts continue to bounce showing higher lows, and a push to resistance for a second day. For lunar and cycle folks, today is the summer solstice. We will see the most sunlight of the…

BREXIT Update: Weighing The Financial Markets, News, And Polls

BREXIT Update: Polls Lean Go, Markets Lean Stay A referendum is being held on Thursday, June 23, to decide whether Britain should leave or remain in the European Union (EU). Polls currently indicate a bias for the leave scenario. However, Great Britain’s wagering markets continue to show a bias toward…

S&P 500 Futures Trading Outlook For June 14

S&P 500 Futures Trading Outlook for June 14, 2016  (ES_F) Charts dipped yesterday and that dip has held as we begin Tuesday, and the FOMC meetings begin. As a reminder, all classes of options expire this week. This environment usually sends us into at least one day of big volatility….