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Daily Update

Inflation Rate Rises to 40 Year Highs

Inflation Rate Rises to 40 Year Highs

By Michael Lebowitz and Lance Roberts | Mar 11, 2022 | Daily Market Commentary
The CPI year-over-year inflation rate, propelled by rising gas and used car prices, rose to 7.9%, the highest level since 1982. The increased inflation rate comes the day afte...
OPEC to the Rescue

OPEC to the Rescue

By Michael Lebowitz and Lance Roberts | Mar 10, 2022 | Daily Market Commentary
Stocks rallied on Wednesday as the Financial Times reported that the UAE will call upon OPEC to increase production. Confused? This comes a day after OPEC leaders Saudi Arabia...
Gold and Nickel- The Latest Commodities to Surge

Gold and Nickel- The Latest Commodities to Surge

By Michael Lebowitz and Lance Roberts | Mar 9, 2022 | Daily Market Commentary
Gold was up $80 an ounce at its peak yesterday, and nickel prices catapulted higher, shown below, as the surge in commodity prices continues. The combination of sanctions on R...
QE Is Dead, Long Live QE

QE Is Dead, Long Live QE

By Michael Lebowitz and Lance Roberts | Mar 8, 2022 | Daily Market Commentary
The Fed will officially end the latest round of QE on Wednesday. The schedule below shows that on March 9th, the Fed will make its last QE purchase of about $4 billion of shor...
Wheat Prices Further Stoke Inflation Concerns

Wheat Prices Further Stoke Inflation Concerns

By Michael Lebowitz and Lance Roberts | Mar 7, 2022 | Daily Market Commentary
While the media and public heavily focus on surging oil prices, wheat and other grain futures prices are also surging. Since the Russian invasion of Ukraine, wheat futures are...
BLS Employment Report This Morning

BLS Employment Report This Morning

By Michael Lebowitz and Lance Roberts | Mar 4, 2022 | Daily Market Commentary
The BLS will release February's employment report at 8:30 ET this morning. Current expectations, as shown below, for the BLS report are for payrolls to increase by 390k and th...
Oil Soars, Powell Speaks, and Stocks Rebound

Oil Soars, Powell Speaks, and Stocks Rebound

By Michael Lebowitz and Lance Roberts | Mar 3, 2022 | Daily Market Commentary
Stocks rebounded despite a somewhat hawkish Congressional testimony by Powell and soaring crude oil prices. The culprit behind yesterday's soaring oil prices is OPEC. They dec...
Invasion and Inflation- The Fed is Cornered

Invasion and Inflation- The Fed is Cornered

By Michael Lebowitz and Lance Roberts | Mar 2, 2022 | Daily Market Commentary
Chairman Powell will testify to Congress today and tomorrow and is likely to face many questions on how he intends to deal with inflation. As if the inflation problem were not...
Asset Volatility Continues As Peace Seems Tricky

Asset Volatility Continues As Peace Seems Tricky

By Michael Lebowitz and Lance Roberts | Mar 1, 2022 | Daily Market Commentary
The wild volatility in many asset classes continues as the Russian invasion trudges on. Peace talks brought a brief respite to the risk markets on Monday, but as peace hopes d...
Stock Volatility Reigns Supreme

Stock Volatility Reigns Supreme

By Michael Lebowitz and Lance Roberts | Feb 28, 2022 | Daily Market Commentary
Stocks are being whipped around as volatility wreaks havoc on bulls and bears alike. The S&P 500 stock index closed the week up a little less than 1% and over 6% above the...