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API Reports Rise in US Crude Oil Production Despite Overall Petroleum Demand Dip

The American Petroleum Institute (API) reported a slight year-over-year increase in US crude oil production for March 2024, reaching 13.0 million barrels per day (mb/d). This represents a 1.9% increase compared to March 2023 and contributes to the overall stability of US domestic petroleum supply. However, the
API Reports Rise in US Crude Oil Production Despite Overall Petroleum Demand Dip

China’s Strong Quarter Hides Weakness, says Moody's Analytics

China's economy defied expectations in the first quarter of 2024, rebounding with a strong 5.3% year-on-year GDP growth. However, a Moody's Analytics report published on Thursday warns that vulnerabilities lurk beneath the headline growth figure. The report highlights a concerning imbalance. While manufacturing is booming

Japanese Economic Indicators Signal Positive Trend for Stocks, Says Sumitomo Mitsui

A report published by Sumitomo Mitsui on Tuesday affirms a bullish outlook for the Japanese economy and its stock market, emphasizing the confluence of positive economic indicators and supportive policy initiatives. The asset management firm suggests that these factors are creating a fertile ground for sustained growth and present attractive

2024 Equity Outlook

Author: Bruce Liegel Stock markets had a furious rally into year-end after the Federal Reserve finally capitulated and announced the “end” of rate hikes. Based on the long-term trend in interest rates, this may be the end of the first tightening cycle, but just the beginning of a longer secular

2024 Interest Rate Outlook

Author: Bruce Liegel Over the past three years, US interest rates have increased by the greatest amount in over 50 years, rising from near zero to over 5%. The first stage of the bull market in higher rates is now complete, indicating that over the next 12-18 months, interest rates

An In-Depth Look at The German Dax Index

Author: Bruce Liegel The German Dax made new all-time highs last week, and as Chart 1 shows it has been on a tear over the last few weeks as the market is now aggressively pricing in a dovish interest-rate policy change by global central banks. The so-called “pivot” is now

Risk-on Sentiment Prevails, Oil Slump Continues, and Gold Soars

Author: Bruce Liegel Equities Fed Chairman Powell delivered an early Christmas present to the market on Friday when he pretty much laid out the end of this tightening cycle. "Risk-on" was the day’s theme, with the Russell 2000 closing up over 3% on the day. The S&

What Is the Outlook of Gold?

Where are we in the gold price cycle, and what is the future path of gold? Below is our conversation with Bruce Liegel for his analysis on what lies ahead for gold.  Hedder: What’s the main driver for gold ? Bruce: Gold has been in a bull market since 2000.

A Look at Forex

Author: Bruce Liegel For most of my 30+ years in trading I have heard that the demise of the US dollar is coming and with it the end of its reserve-currency status. It doesn’t matter the time frame, there is always someone who makes what appears to be a

A Look at Long Term Charts

Author: Bruce Liegel This week’s focus is going to be on long-term setups that are now developing in a number of markets. Typically, I glance at long-term charts weekly, but a few times a year I take a hard look if set-ups are occurring. This is the case in