Let me show you with one simple chart why the moves in this energy commodity are overhyped.
There are several reasons why I am not nearly as optimistic about this area of the market as the fourth quarter begins.
It's possible these are just blips, but along with the dollar, bonds, oil itself and the Transports, this is where my focus is.
Nothing that Powell says this week should be earth-shattering, though he likely is continue to drive home his 'higher for longer' inflation-fighting message.
The week following the September 'triple-witching' expirations event, which was this past Friday, is often the worst week for U.S. market performance for the entire year.
The week after options expiration (this week) is a notorious one for the market. And that's just the half of it. Plus, what GM and UPS stock can tell us about strikes and stocks.
Let's see how convincing the charts look.
While many economists are optimistic, some of the news hitting individuals is very sobering.
The spread between the market sentiment of industry insiders and the net long futures position held in crude oil is unsustainably wide.
It's not just about supply as demand is the more important driver in today's market.
Opportunities will develop, but it is going to take time to sort out the economic mess that is developing.
I see two scenarios playing out over the next few quarters.
In terms of the inflation trajectory, it really is housing and autos that matter most. Bottoming of US PMIs strengthens the case for Industrials.
A survey of bankers forecasts that a total of $120B in new debt will hit this market for the month of September.
One of the most worrisome things about this market is that the economic bulls are becoming so complacent.
One looks primed for a possible squeeze while the other is on the brink of a breakout.
Let's see what happens when the group of oil exporting nations decides to 'fight the Fed.' It won't be pretty.
The Saudis may sugar coat a production cut as providing stability for the market, but here's what they fail to realize.
It's still earnings season, and we do have some significant names reporting this week.
A temporary selloff is likely, so the bulls should stay ready.
One of the biggest negatives right now is seasonality, as August and September are typically the worst two months of the year.
Plus, Disney's ESPN agreed to a deal that would allow the brand name to be used by PENN Entertainment.
And why we keep reaping the benefits in our portfolios.
Perhaps they should remember a famous Wall Street adage.
A look at a producer and distributor of renewable energy whose shares are trading below $10.
XOM continues to execute at a high level, even if on the way down from temporarily inflated asset prices.
The four charts here look promising.
It felt like investors suddenly found oil on Monday -- but is energy too hot?
CVX is looking at performance in line to slightly better than the industry is looking at broadly.
The oil market is very different today than what it was prior to 2012.
Follow Real Money's Wall Street Pros to receive real-time investing alerts
Already a Subscriber? Login