European Energy Stocks not leading that story, which is fascinating. Energy stocks are trading higher, but it is actually some of the raw material stocks and proxy stocks doing a little better. Crude and wti both trading higher. Yesterday we were sub 60. I spent the morning in bern with the smb, delivering its rate decision. The market didnt really get much new. The tone very similar to the previous meeting. I think just at the margin, considering what happened at the ecb last week, caused a little bit of surprise. Franc higher. Ut vonnie mounting tensions in the gulf of oman after two tankers were damaged in an attack, sending prices spiking. Its been a few hours since the first reports. What do we know now, simone . Reporter there were two oil tankers that were attacked. There were explosions that happened. There was a fire aboard at least one of the tankers. Crewmembers were evacuated. There were earlier reports that a torpedo was involved. It is a little unclear so far. We know thi
Until the close, cnbc contributor stephanie link from tiaa a nuveen company. Welcome, stephanie thanks. Energy doesnt usually lead this market but is today on the oil bounce and questions about whether thats sustainable and given sort of the scale and increase in tensions whether the move is big enough to bring back the sector and commodity trade i dont know. I really dont because its been a tough industry for the whole year. For a whul of years now. So this is really more a supply issue concern. I think the Biggest Issue for oil are demand and the demand environment has been slowing and the revisions have been lower. So with that as a backdrop this might be just temporary. You would have thought oil would have been rallying much more than it did. I spoke as well about 20 minutes ago to one of the senior traders at one of the major investment banks and said was pleased to see the algos didnt disrupt the market when pompeo came out and clearly blamed iran on that. That could have been a
What a hideous session, lease for the bulls. What does it mean . It is gigantic. Bigger than the stock market when you lose interest, this is what you do. I like to be clinical. Why dont we do that. Samples of ample motivation for their actions. They have gone exceedingly well for Interest Rates. Much higher. Can earn 4. 25 riskfree. That is much better then it was a year ago. The yields are going higher for three reasons. First, the fed has not been able to fully get inflation under control and they have not done much for the economy. Meaning they have every incentive to keep it. Where are the layoffs . Where is the housing . Not yet says mr. Powell. Second, over the last to years, the federal government authorized colossal massive spending that needs to be financed with massive bond issues. And they dont care what kind of price they get for bonds. They have to pay the bills. There, the Federal Reserve itself owns 8 trillion in total assets down from 9 trillion last spring. But 4 tril
Tony Raynor is one of the most prominent figures in the tree industry. He has over 25 years of experience in tree maintenance, green waste, storm recovery, and mulch production.