Oil Production Oil Production in the US powered higher to 10.3 million barrels per day (mbpd) (see right) and the oil-drilling rig count increased from 765 on February 2nd to 800 on March 2nd. Crude production from major shale formations is expected to rise in March by 111,000 bpd…
Bitcoin futures contracts were launched at the end of 2017 by the Chicago Board of Options Exchange (CBOE) and the CME Group. Both exchanges were competing with another to be the first to offer investors the ability to trade an exchange traded bitcoin contract. On December 10th the CBOE released…
The current bull market, which is on track to celebrate its ninth birthday in March 2018, is already the second-longest stretch without a drop of at least 20% in the S&P 500 in history. With low unemployment and other signs of economic health in the United States, there is no…
Macro: Americas Upward Base Case for the US as the New York Fed’s GDP projection model shows the 4th quarter of 2017 growth at almost 4% (annualized) while the Atlanta Fed’s GDPNow model a lower but still strong +2.7%. Q3 2017 came in at 3.2% per the latest estimate. …