Futures & FX

Oil Update – Brent/WTI Spread Back Out

The Brent WTI spread is +2.00$ this Am as talk that gulf production increasing and that downturn in oil prices will have minimal impact on GOM crude according to EIA.

The spread is near 6m wides and signals to us what we believe is that the world is not as oversupplied in oil as the northern...

Today’s Emerging Money Daily Audio Call Has been Released

Emerging Money Daily Audio Call March 2 – On the call today we look at global markets response to China (FXI, quote) rate cut.(not much!), meanwhile the reaction in Russia (RSX, quote) to the Nemtsov assassination was far from riotous, and we are not surprised by that. Markets are muted and...

Emerging Money Daily Audio Call March 2

Emerging Money Daily Audio Call March 2 – On the call today we look at global markets response to China (FXI, quote) rate cut.(not much!), meanwhile the reaction in Russia (RSX, quote) to the Nemtsov assassination was far from riotous, and we are not surprised by that. Markets are muted...

Emerging Money Daily Audio Call March 3

Emerging Money Daily Audio Call March 3 -On the call today we discuss volatility rising in global markets today is as much about over-bought conditions as it is about growth fears.
We focus attention on US payroll numbers this week and explain why markets maybe pricing and more Fed now( see US...

Today’s Emerging Money Daily Audio Call Has Been Released

Emerging Money Daily Audio Call March 3 -On the call today we discuss volatility rising in global markets today is as much about over-bought conditions as it is about growth fears.
We focus attention on US payroll numbers this week and explain why markets maybe pricing and more Fed now( see US...

Nice Chart – EEM Tail That Wags

Vol leads the market lower. The market seems to run into trouble every-time we hit 13 on the VOX or lower over the last 6 months.
Conclusion:  EEM (Emerging Markets) are the tail that wags the volatility dog.  Or in other words, EM leads volatility higher, which has SPX move lower.
In other...

Emerging Money Daily Audio Call March 4

Emerging Money Daily Audio Call March 4 – On the call today we analyze the current market volatility and believe markets are responding to extreme positioning issues. What does this mean? We discuss…
As a function of the above or adding to the tension in markets is todays breakout...

Today’s Emerging Money Daily Audio Call Has Been Released

Emerging Money Daily Audio Call March 4 – On the call today we analyze the current market volatility and believe markets are responding to extreme positioning issues. What does this mean? We discuss…
As a function of the above or adding to the tension in markets is todays breakout by the DXY....