MBWealth’s Commodity Blog

This phrase is coined for the college basketball tournament but I think it is an accurate description of what to expect as a trader this month. At its highs today oil was less than $3/barrel from making new highs on the year. Being bearish for the last 1-2 weeks has made our clients NO $ [...]

Unless the NFP number exceeds 400,000 or uneployment is over 7.0%  we expect a classic case of buy the rumor sell the fact.  We are not advocating buying equities but much of the bad news may already be factored in. It appears the three stooges testifying in front of congress have not convinced them to [...]