Houston, You're the Problem
Thanks to oil, forward earnings have rolled over with the highest PE for stocks in 11 years.
Thanks to oil, forward earnings have rolled over with the highest PE for stocks in 11 years.
The Saudi strategy is working: market-based pricing will bolster its flagging market share.
Will she or won't she? Our FOMC language sweepstakes entry: Yellen will keep the word in.
Patient (the word) is dead. Long live patience (the concept).
There's no bottleneck -- refiners are rapidly adapting to abundant domestic light crude.
Payrolls fall to earth, while hourly wages climb. Will Yellen see this as "full employment"?
No, Wisconsin! But how about the market's reaction to that bad miss on March jobs?
An Iran nuke deal isn't as simple as Shell's BG deal. Meanwhile, Yemen destabilizes.
The DICK-tators at the ECB declare a QE victory for a recovery already in place for years.
Two quarters of earnings-wrecking dollar strength is all about oil -- so it's about over.