News Oil 

Oil edges lower, set for big weekly decline 

“This vulnerability currently underpins oil prices and seems likely to continue doing so,” the agency said” writes unknown author for cnbc.com. Oil prices edged lower on Friday and were set for a second weekly fall, as the market shrugged off a warning that spare capacity may be stretched as OPEC and Russia increase production.It has been a wild week for oil prices with both the main benchmarks suffering heavy losses on Wednesday as traders focused on the return of Libyan oil to the market amid concerns about a China-U.S. trade…

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News Oil 

World oil supply risks being stretched to limit…

“The large number of disruptions reminds us of the pressure on global oil supply,” the IEA said” reports france24.com. Rising global oil supply, driven by crude giants Saudi Arabia and Russia, may come under pressure as key producers face disruptions, the International Energy Agency said Thursday. “Even so, global oil output was 1.25 million barrels per day higher than a year ago as rampant US output underpinned healthy non-OPEC growth.”.  Source: france24.com Share This:

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News 

U.S. disaster-response force stretched thin as hurricane season starts

“We didn’t even hear from them,” Patrick Hernandez, who oversees FEMA’s disaster workforce, said in an interview” writes Midwest Communications Inc for 95kqds.com. Internal documents obtained through a Freedom of Information Act request show the agency’s disaster-response force is understaffed by 26 percent.WASHINGTON (Reuters) – As Hurricane Irma bore down on Florida last September, the top U.S. disaster-response official ordered all hands on deck. Source: 95kqds.com Share This:

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Government concedes front line policing is ‘stretched’ amid calls for more bobbies on the beat

“Front line policing is “stretched” and forces need more investment, the Government has conceded amid calls for more bobbies on the beat” writes Karen Bradley for telegraph.co.uk. Nick Hurd, the Policing Minister, said reductions in police numbers were not linked to a recent increase in violent crime but admitted that “there’s no dispute about the pressure on the front line”.It came after Amber Rudd, the Home Secretary, yesterday warned police cuts were not to blame for rising crime and insisted forces have the officers and funding they need to tackle…

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Markets News Oil Stocks 

Markets are stretched across the board — and one wrong step could set off a vicious chain reaction

“In a recent client note, the firm lamented “grotesquely swollen financial markets,” and highlighted the possibility of a “very strong dislocation.”” writes Joe Ciolli for businessinsider.com. In a recent client note, Binky Chadha, the firm’s chief global strategist, warned of possible asset contagion — a term frequently used to describe when shock to one market causes a negative chain reaction in others.A wide range of assets — from stocks to oil — are trading at extremely stretched levels, which can quickly turn into be a disastrous situation if their current…

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Markets News Stocks 

BAML: Global markets are ‘starting to get a little stretched’ — here’s how we’re guarding against a downturn

“The S&P 500 is already up 6% this year, as investors continue to expect earnings growth, benefits from tax cuts, and a strong global economy” writes Akin Oyedele for businessinsider.com. Markets everywhere are “starting to get a little stretched,” according to Bank of America Merrill Lynch.For some perspective, Barty estimated that if the stock market continued to rally at this pace, the S&P 500 would top 7,000 by the end of the year. Source: businessinsider.com Share This:

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Markets News Stocks 

A key metric shows the stock market is at ‘extreme’ levels that are the most stretched in 20 years

“In the near-term, be aware of extreme sentiment and overbought conditions,” Morgan Stanley chief US equity strategist Mike Wilson wrote in a recent client note” writes Joe Ciolli for businessinsider.com. That’s the logic behind a technical indicator called the “relative strength index,” which Morgan Stanley says is the most stretched it’s been in 20 years when it comes to the benchmark S&P 500.Rather, it’s an indicator that will coincide with — rather than cause — a correction once the market has fully topped. Source: businessinsider.com Share This:

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Markets News 

These are the main market risks right now, renowned hedge fund manager says

“High credit, fierce competition and stretched valuations could be potential market destabilizers, a renowned former hedge fund manager said Thursday” writes Silvia Amaro for cnbc.com. The prolonged use of low interest rates increases people’s and businesses’ willingness to borrow more money because their costs are lower.At the same time, the investment climate is more difficult at the moment due to more market competition and stretched valuations, Ruddock said.Central banks embarked on a low interest rate policy in the wake of the 2008 financial crisis and have just recently started reversing…

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Markets News Stocks 

Making sense of an extremely expensive stock market

“Business Insider CEO Henry Blodget discusses the stock market’s ascent to yet another set of new highs, and drills down on high valuations” writes Kara Chin for businessinsider.com. Silverstein walks through the Fidelity Chart of the Week, which shows that stock market breadth is the lowest since the election, which could be a signal of weakness.Silverstein responds by noting that being two years early in calling a market top makes you wrong. Source: businessinsider.com Share This:

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Military stretched thin by hurricane relief efforts…

“Diana Holland, gave reporters an update on the rescue and recovery efforts following Hurricane Maria’s battering of Puerto Rico” reports thehill.com. Military personnel have already been working non-stop to respond to various parts of the United States devastated by a series of storms since August.The Pentagon is taking steps to prevent burnout among military personnel working rescue and recovery missions following a string of devastating hurricanes. Source: thehill.com Share This:

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