It is the 7th of December 2019

News

Stocks Pop, Gold Drops After 'Calmed' Korea, Debt-Ceiling Delay, & Dismal Data

Disappointing Data this morning was trump'd by some de-escalation with North Korea and a short-term debt-ceiling can-kicking - stocks rallied, bonds & bullion leaked lower, and the dollar was unable to get back into the green...

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What "Coordinated Recovery"? Global Negative Yielding Debt Hits One Year High Of $7.4 Trillion

Two weeks ago, we were surprised to find that despite the recent "growth promise" of what has been called a coordinated global recovery, the market value of bonds yielding less than 0% had quietly jumped by a quarter in just one month to the highest since October 2016.

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WTI Drops After 3rd Weekly Build In Gasoline Inventories

Amid Libya headlines and contract rollover, WTI prices were wild heading into the inventory data tonight. Following two weeks of surprising builds in Gasoline inventories, API reports a surprise 3rd weekly build in gasoline inventories, and crude drawing only modestly (in line with expectations). The initial reaction was a kneejerk lower, breaking down the day's wedge.

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