Crude Oil

Fed Officials Calm Troubled Waters

Oct 9, 2023 2 min read

The bond market was closed today for Columbus Day. However, the iShares 20+ Year Treasury Bond ETF (TLT) surged 2.34%. This evening, the 10-year US Treasury bond yield dropped from 4.80% on Friday to 4.65%. The S&P 500 was weak in the morning, but rose 0.63% today (chart). It held its 200-day moving average last week (chart). That's impressive given that oil

Ed Yardeni

Saudis Have A Vision

Sep 27, 2023 3 min read paid

Saudi Vision 2030 is the vision of Saudi Crown Prince and Prime Minister Mohammed bin Salman (MBS). He wants to diversify the economy of his country. Saudi Arabia’s sovereign wealth fund aims to spend $40 billion a year on the domestic economy—including the construction of Neom, a futuristic city in the desert with an estimated price tag of $500 billion. By some estimates that requires that the price

Ed Yardeni

Canada's Inflation Spooks Bonds Around the World

Sep 19, 2023 2 min read paid

Canada's CPI inflation rate in August jumped to 4.0% from 3.3% in July on higher gasoline prices. Shelter prices also jumped by 6.0% after a 5.1% advance in July, pushed up in part by rising rents and higher interest rates. The closely watched trimmed-mean CPI rate unexpectedly rebounded to 3.9%, well above expectations of 3.5%. The Canadian 10-year government bond yield jumped

Ed Yardeni

What Could Go Wrong In September?

Sep 5, 2023 3 min read paid

On Sunday, we observed that September is a good month for picking apples. It is widely viewed as a rotten month for stocks, which has been true during 55% of Septembers since 1928. But those selloffs have often turned out to be good opportunities to pick fallen stocks just in time for a yearend Santa Claus rally. The S&P 500 fell today back towards its 50-day moving average

Ed Yardeni

Oil's Slippery Slope

Jun 5, 2023 2 min read paid

The Saudis are kicking the barrel down the road. Saudi Energy Minister Prince Abdulaziz bin Salman announced an extra 1 million barrel-a-day (mbd) supply cut in July following a tense OPEC+ meeting in Vienna over the weekend. “Others in the group pledged to maintain existing cuts until the end of 2024,” Bloomberg reported, “though Russia made no commitment to curb output further and the United Arab Emirates secured a higher

Ed Yardeni

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Fed Officials Calm Troubled Waters

Saudis Have A Vision

Canada's Inflation Spooks Bonds Around the World

What Could Go Wrong In September?

Oil's Slippery Slope