COM News and Press, Direxion Auspice Broad Commodity Strategy From 05/31/24

2024-05-31 11:11:58 ET Summary Real PCE contracted by -0.05% in April 2024, below economists' forecast of -0.05% growth. The weak PCE data suggests a significant slowdown in the US economy, potentially raising macro risk for markets. A "nightmare" scenario would be that growth...

2024-05-31 09:05:00 ET Summary It makes sense to analyse markets in gold terms as well as in terms of the US$ and other currencies. If past is prologue, then GNX won’t bottom in US$ terms until it has bottomed in gold terms. There’s a good chance that the bottom ...

2024-05-31 08:00:00 ET Summary S&P 500 profit margins are at the highest level in 16 years. Yet, there is a massive difference across sectors when it comes to profitability. Texas Pacific Land, Viper Energy, and Franco-Nevada are highlighted as companies with above-average...

2024-05-31 06:10:54 ET While some market participants are assuming that the voluntary production cuts will be extended by at least three months, there are reports that members are considering extending cuts into 2025. ... Read the full article on Seeking Alpha For furth...

2024-05-30 18:45:16 ET More on crude oil and gasoline Global Oil Market: We Are Potentially Weeks Away From Moment Of Truth Tensions In The Middle East Likely To Bode Well For Oil Bulls The Driving Season Approaches: UGA Rises And Falls With Gasoline Read t...

2024-05-30 15:11:23 ET More on NASDAQ Composite Index: S&P 500 And Bond Market Annual Returns; Style Box Update Nine Align; Benign? Nein! A Correction In A Bull Market Nasdaq, S&P, Dow fall on Salesforce drag, mixed signals from Q1 GDP revision ...

2024-05-30 13:45:54 ET More on Copper Futures, Gold Spot Price, etc. Strong Global Gold Demand Will Propel Gold Higher Comex Data Continues To Show A Market Under Stress The Copper Bull: Speculation Vs. Fundamentals Goldman Sachs is ‘selectively bullis...

2024-05-30 11:04:20 ET More on Crude Oil Short-Term Energy Outlook, May 2024 The Quandary In The Markets And Navigating Concerns Of Stagflation Global Oil Market: We Are Potentially Weeks Away From Moment Of Truth Goldman Sachs is ‘selectively bullish&...

2024-05-30 11:02:21 ET More on commodities Copper selloff accelerates but JPM says slip could be healthy long term The Quandary In The Markets And Navigating Stagflation Concerns Cobalt Miners News For May The Copper Bull: Speculation Vs. Fundamentals ...

2024-05-30 10:33:19 ET Image Source: EIA More on Natural Gas LNG Exports And Natural Gas Dynamics LNG Gas Export Drop Sends The Natural Gas Market Back Into Surplus Natural Gas Market Is Tightening But It Will Take Time Natural gas rally likely wi...