Tag: oil prices
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Inflation surprise! US CPI comes in hot at 3.1% in January
Inflation surprise! The contrarians are having their victory lap. With the markets expecting at least three 25 basis point rate cuts this year, the Fed recently disappointed some investors with a reinforcement of their “cautious approach”. Perhaps their slow approach to cutting rates is warranted. The battle against inflation isn’t done just yet. With no…
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![Markets slip as oil prices gain 01-09-24]()
Markets slip as oil prices gain 01-09-24
The TSX edged down this morning to 20992.21. TSX Venture also fell slightly to 554.52 and the CSE Composite joined this negative run to 171.62. Despite this market pessimism, oil prices rebounded slightly with WTI Crude rising 2.57% to $72.59 USD per barrel. Information Technology made the most progress this morning on the TSX. Invesque…
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![JP Morgan lead analyst pegs $150 price target for Brent Crude, are we in an oil markets supercycle?]()
JP Morgan lead analyst pegs $150 price target for Brent Crude, are we in an oil markets supercycle?
Oil markets are making headlines, but if you have been a reader of Equity Guru, then you were given the heads up back in late July 2023. My outlook and technical analysis play by play was given in subsequent articles and chart attack videos. Our first target has been hit, and prices are pulling back…
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![The Pending Energy Crisis and Other Girly Things]()
The Pending Energy Crisis and Other Girly Things
Forty-three years ago, my favorite writer published an essay on Woody Allen’s late- ‘70s oeuvre titled, “Letter From Manhattan”. In it, Joan Didion described a body of work whose popularity she professed to find “interesting, and rather astonishing.” She went on to say that Allen’s characters possess “the false and desperate knowingness of the smartest…
