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Major averages around half a percent. Take a look at my bloomberg terminal to see how the sectors are shaking out here. Materials are also declining. Telecommunication stocks now the only Group Trading higher. It has now come off as well. On the commodity complex, not just oil but some of the other commodities. Heres the percentage change on the date. Higher by 8 on the outlook for Colder Weather, but if you go down the line you see a lot of credit, whether it is metal. We see a lot of declines in that commodity complex. Got got asil high a 23828. That puts a next of pressure on stocks. Unusual december. Looks like we are setting up for the first december since 2002. We also had backtoback december declines. Usually people do their end of year portfolio shifting and intend to have stocks go higher. Take a look at my terminal. Energy stocks versus the s p 500. Here is the here ....
Call him that. That is some indepth reporting. Lets look at what is going on we have this decline going on asoss the board, though just commodities led the major averages higher, we see energy lead declines today. Now down 3. 4 . We had some chinese Economic Data out overnight in addition to chinese stocks falling. Aboute iran talking prioritizing increasing its exports. This is going back to energy stocks. Smaller and midcap Oil Companies are also feeling the pain. Chesapeake Energy Falling today in addition to the three. Brendan sadly it is still relevant, how are metals doing . The outlier in energy today is natural gas. Changingt different weather, we see copper and gold declining once again. Freeportmcmoran is down once again. Troubles compounded by the fact that it chairmans parting the company. One of the founders h ....
It has become even more so as we get into the last quarter of the year. Oil is leading declines for sure. All major averages down. , driven by what is going on energy. Have the imap up here. Energy far and away the worst part arming group. Consumer discretionary, the only group in the green. Start to get more Holiday Shopping numbers and they are largely positive and it is definitely not enough to tip the scales. We have iran talking about increasing exports being a priority. Oil now at its lows of the session. Continuing that march downward. Do we blame well for the poor performance blame oil for the poor performance . Yes. Have seen this big upswing as oil has resumed its decline and accelerated its decline. It is now near a two year high. It is a 0. 4 correlation. Oil is driving the story at the time. Today look at your performance with the s p once again turning negative, En ....
James Moffat and Todd Hazelwood traded barbs after a dramatic end to the Trico Trans Am Series opener at The Bend Motorsport Park. - Australias #1 motorsport news website - Speedcafe.com ....