News 

Mnuchin expresses optimism trade standoffs can be resolved

“But U.S. Treasury Secretary Steven Mnuchin expressed cautious optimism Saturday that countries could settle their differences without a trade war” writes The Associated Press for seattletimes.com. WASHINGTON (AP) — The International Monetary Fund and the World Bank repeatedly warned at their meetings this week that intensifying trade tensions could jeopardize a healthy global economic expansion.We could all only be losers.” On Friday, Mnuchin had called on the IMF to do more to police countries running large trade surpluses, a role that has traditionally been left to the Geneva-based World Trade…

Read More
News Oil 

Oil prices rise on optimism ahead of U.S. supply data

“Front and center for traders Wednesday will be the release of weekly petroleum supply data from the Energy Information Administration” writes Markets Reporter for marketwatch.com. U.S. supply data is likely to swing more into focus as geopolitical tensions surrounding Syria have receded somewhat.June Brent LCOM8, +0.84% the global crude benchmark, gained 65 cents, or 0.9%, to $72.23 a barrel, after inching up 0.2% on Tuesday.The data also showed a decline of nearly 2.5 million barrels in gasoline stockpiles, with inventories of distillates falling by 854,000 barrels, sources said.Oil futures rose…

Read More
News 

IMF warns of ‘dark clouds looming’ …

“As the International Monetary Fund prepares to reveal its semi-annual health check of the world economy this week, the noises coming from the Washington-based body of 189 countries are not as positive as they were six months ago” writes Christine Lagarde for express.co.uk. Investors are believed to fear that global growth is now starting to stutter after 2017- 2018 saw the best acceleration since 2011.Christine Lagarde told an audience in Hong Kong last week that the rules that underpin global trade were “in danger of being torn apart” by protectionist…

Read More
News 

US February NFIB small business optimism index 107.6 vs 106.9 prior

“This is an index which measures the opinion of small businesses on the economic conditions in the country” reports forexlive.com. Another solid reading for the index, the headline is the highest since 1983. Not a major data point by any means but at least shows that business sentiment is still relatively healthy in the US. Source: forexlive.com Share This:

Read More
News Stocks 

Stocks surge on optimism around tariffs, North Korea, and jobs

“Optimism surrounding the jobs report has weighed on US Treasurys, running the 10-year yield up 3 basis points to 2.89%” writes Finanzen Net Gmbh for businessinsider.com. All three of the major benchmarks are posting gains of at least 1.4% following a dialing down of President Donald Trump’s tariffs, progress in North Korea, and a strong jobs report.Meanwhile, Steel stocks are a notable laggard as traders have opted to sell the space in response to Trump’s softening of his tariffs.The good news kept coming Friday morning in the form of a…

Read More
News 

Rick Perry says there’s ‘sheer optimism’ in the US energy industry despite tariff fears

“The Trump administration aims to encourage innovation in the energy sector by scaling back regulations, according to Perry” writes unknown author for cnbc.com. Don’t get me wrong, but the overall message here is one of just sheer optimism.”. Concerns about trade wars, the future of NAFTA and impending steel and aluminum tariffs loomed over a major energy conference this week, but U.S. Energy Secretary Rick Perry said the overall tone in the energy industry is one of “sheer optimism.”. Everybody’s got concerns about their particular sector, whether it’s the utility…

Read More
News Stocks 

Consumer Confidence 17-Year HIGH…

“U.S. consumer confidence jumped to a 17-year high as optimism about employment prospects grew and Americans began seeing additional money in their paychecks from recently enacted tax cuts, data from the New York-based Conference Board showed Tuesday” writes unknown author for bloomberg.com. The report reflects increased confidence in employment and incomes, which could support consumer spending.Recent tax legislation signed in December may have also buoyed sentiment, as many Americans saw bigger after-tax paychecks in February due to the law. That may have helped consumers shrug off the early-February 10 percent decline…

Read More
Markets News Stocks 

Extreme Optimism Still Lurks in Stock Market and It May Unleash the Pain Trade

“Thus, the pain trade for stocks and credit are still to the downside,” BofA strategists believe” writes Brian Sozzi for thestreet.com. The investment bank’s bull/bear indicator, which aims to measure market sentiment, remains in “excess optimism” territory. On Jolt, TheStreet’s Executive Editor Brian Sozzi and reporter Kinsey Grant take a look at some stocks hedge funds like.BofA adds that there are a host of big events coming that could rattle markets. Source: thestreet.com Share This:

Read More
News 

Opioid Overdose Deaths Dropped in These 14 States

“Even as overdose deaths spiraled over the last five years, the rate of prescribed opioid consumption began to decline” writes Christine Vestal for pbs.org. In an opioid epidemic that began in the late 1990s, drug deaths have been climbing steadily every year, in nearly every state.That could mean lower rates of heroin use, addiction and overdose deaths in the future, Alexander said.In a fast-moving opioid scourge, epidemiologists say the increased frequency of overdose death reporting is a welcome improvement.In 2016, the annual overdose death count reached nearly 64,000, more than…

Read More
News 

Jeff Bezos’ 10,000 Year Clock offers a dash of tech optimism

“Way back in the mid-90s, Hillis suggested the clock as a way to inspire people to take a long-term view of technology and life on the planet” writes Chris O’brien for venturebeat.com.  In a moment of deep cynicism, especially about the role of technology in our lives, we could all use the dash of optimism that comes with such an audacious project. Source: venturebeat.com Share This:

Read More