Gains

WTI Slips Below $50 After Big Product Build Offsets Some Saudi-Shocker Gains

Oil prices soared today on the heels of Saudi’s self-sacrificial slashing of 1mm b/d output. They said this action was “pre-emptive” which, to us at least, does not seem like a positive catalyst – just how worried are they? How much did they want to suck up to Russia with a Biden admin coming in?…

Bill To Ban Biological Men From Women's Sports Gains Bipartisan Support In Congress

Authored by Benjamin Zeisloft via Campus Reform, Rep. Tulsi Gabbard (D-Hawaii) introduced legislation to ban biological males from participating in women’s sports. Gabbard, a Democrat who ran for the 2020 presidential nomination for her party, is the sponsor of H.R. 8932, the “Protect Women’s Sports Act,” alongside Reps. Markwayne Mullin, (R-Okla.), Bill Flores (R-Texas), Bill Johnson…

Stocks Surge Off Pre-Open Plunge Lows, Dow Goes Green On Bank Gains

The Dow is up over 800 points from its pre-open lows and has pushed into the green for the day, shrugging off pandemic mutations as Fed Stress Test-enabled buybacks have sent Goldman and JPMorgan soaring, adding around 150 points to the index alone… The Dow is leading the major indices but they are all soaring…

WTI Holds Gains Despite Surprise Crude Build

 Oil surged to the highest in nearly 10 months in New York alongside a broader market rally as hopeful headlines on US stimulus talks combined with the COVID-19 vaccine rollout stoked optimism around a demand revival…again! “Oil’s reacting to pretty significant increases in risk appetite,” said Bart Melek, head of global commodity strategy at TD Securities. “But with the…

Biden Gains On Trump In PA, Takes Lead In Georgia, As Day Three Of Post-Election Counting Continues

As we head into day three of counting the ballots, Philadelphia City Commissioner Al Schmidt told CNN he expects an update in the next few hours as they kept counting through the night. There are 50,000 votes left to be counted there, he said. Despite a dustup that was the result of observers from both…