There's Another Brutal Development on the Steele Dossier...and It Involves a Former Top...
An Ex-MSNBC Host's Remarks About Donald Trump Are Spot-on
Oh, What Now? The Secret Service Reportedly Engulfed in Scandal Over Trump's Scotland...
Artificial Me Is Getting Better, But I’m Still Best
The Courts Must Decide
A Lost Opportunity
Macron and Cheese
A Quick Bible Study Vol. 278: ‘Jesus Freaks’ Film Stars the Holy Spirit...
Wisconsin Public Radio Validates Funding Cuts with Bogus Climate Story
Russia’s Challenges U.S. Interests in the South Caucasus
National Parents Day 2025: Much to Celebrate, Much Work Still to Be Done
Hulk Hogan: A Champion for Jesus Who Finished Well
Dems Hit 35-Year Favorability Low as Americans Reject Woke Agenda, Open Borders, Anti-Amer...
Muslim Doctor Defends Wife-Beating, Advises Husbands to Avoid Serious Injury, Calls It 'Th...
Karen Meltdown at Home Depot: Harasses Federal Agents During Illegal Alien Arrest
OPINION

Oil Still Struggling

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
AP Photo/Vahid Salemi, File

Markets are higher, but the prints from major indices are not telling the real story.  While those retail investor favorites are rocking, and consumer discretionary names lead the way, there are pockets of weakness, as four sectors are in the red.

Advertisement

S&P 500 Index

+0.25%

 

Communication Services XLC

+0.75%

 

Consumer Discretionary XLY

+1.30%

 

Consumer Staples XLP

 

-0.15%

Energy XLE

+0.93%

 

Financials XLF

+0.64%

 

Health Care XLV

 

-0.55%

Industrials XLI

+0.02%

 

Materials XLB

 

-0.33%

Real Estate XLRE

+0.78%

 

Technology XLK

 

-0.05%

Utilities XLU

+0.29%

 

Commodities are pulling back, and oil is struggling even after big drawdowns that exceeded expectations.  The question is whether commodities have peaked, as bond yields keep edging lower.

Energy Inventories

Actual

Estimates

Crude Oil

-1.7 million

-1.1 million

Gasoline

-1.7 million

-600,000

Distillates

-3.0 million

-1.9 million

WTI Oil

There are lots of key resistance points coming up – I’ll discuss on the morning hotline.

Blood Moon and Making Money

If you missed the blood moon, don’t fret, I missed it, too.  The second-best thing is to try and make some money in the greatest money making machine in history – the stock market.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement