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Rich Asplund

Wed, Dec 7th, 2022

Rich Asplund

Rich Asplund

Richard is an investment analyst covering the global financial, equity, commodity, and clean energy markets.  Richard is the author of Profiting from Clean Energy: A Complete Guide to Trading Green in the Solar, Wind, Ethanol, Fuel Cell, Carbon Credit Industries, and more (Wiley, 2008) and is the contributing author of The CRB Commodity Yearbook (Wiley, 2003 through 2021) and The CRB Encyclopedia of Commodity and Financial Prices (Wiley, 2006, 2009).  Richard has been interviewed on CNBC, Fox, Bloomberg TV, Japanese NHK TV, and National Public Radio, and has been quoted in print publications such as Dow Jones, Reuters, USA Today, Newsweek and others.

Most Recent Stories

Stocks Weighed Down by Global Economic Concerns

What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Wednesday fell -0.19%, the Dow Jones Industrials Index ($DOWI ) (DIA ) was unchanged, and the Nasdaq 100 Index ($IUXX ) (QQQ ) fell -0.45%....

$SPX : 3,933.92 (-0.19%)
SPY : 393.16 (-0.17%)
$DOWI : 33,597.92 (unch)
DIA : 336.44 (-0.01%)
$IUXX : 11,497.39 (-0.45%)
QQQ : 280.53 (-0.41%)
^BTCUSD : 16,805.20 (-0.13%)
MTB : 147.97 (-7.72%)
BF : 59.80 (-0.25%)
EXPE : 90.79 (-6.32%)
AAL : 13.55 (-5.44%)
LUV : 37.81 (-4.71%)
Dollar Undercut by Lower T-note Yields

The dollar index (DXY00 ) on Wednesday fell by -0.47% due to lower T-note yields. Also, there was strength in the euro due to hawkish comments by ECB Governing Council member Kazimir who signaled support...

DXY00 : 105.326 (+0.22%)
^EURUSD : 1.04991 (-0.04%)
^USDJPY : 136.978 (+0.27%)
GCG23 : 1,794.7 (-0.18%)
SIH23 : 22.790 (-0.58%)
Nat-Gas Prices Rebound on Colder U.S. Weather Forecasts

Jan Nymex natural gas (NGF23 ) on Wednesday closed up +0.254 (+4.64%). Jan nat-gas Wednesday recovered from early losses and closed sharply higher on updated weather forecasts calling for colder-than-expected...

NGF23 : 5.850 (+2.22%)
Crude Falls Sharply as Global Energy Demand Falters

Jan WTI crude oil (CLF23 ) on Wednesday closed down -2.24 (-3.02%), and Jan RBOB gasoline (RBF23 ) closed down -7.19 (-3.35%). Crude oil and gasoline prices Wednesday extended this week's losses to 1-year...

CLF23 : 72.77 (+1.06%)
RBF23 : 2.0943 (+0.82%)
Dollar Weakness Lifts Cocoa Prices

March ICE NY cocoa (CCH23 ) on Wednesday closed up +5 (+0.20%), and March ICE London cocoa #7 (CAH23 ) closed up +7 (+0.36%). Cocoa prices Wednesday posted modest gains. A weaker dollar Wednesday was...

CCH23 : 2,492s (+0.20%)
CAH23 : 1,955s (+0.36%)
Sugar Recovers Early Losses on Dollar Weakness

March NY world sugar #11 (SBH23 ) on Wednesday closed up +0.09 (+0.46%), and March London white sugar #5 (SWH23 ) closed up +2.20 (+0.41%). Sugar prices Wednesday closed moderately higher. Sugar recovered...

SBH23 : 19.48s (+0.46%)
SWH23 : 537.10s (+0.41%)
Arabica Coffee Closes Lower on Forecasts for Rain in Brazil

March arabica coffee (KCH23 ) on Wednesday closed down -3.30 (-2.02%), and Jan ICE robusta coffee (RMF23 ) closed up +2 (+0.10%). Coffee prices Wednesday settled mixed, with arabica falling to a 2-week...

KCH23 : 160.20s (-2.02%)
RMH23 : 1,868s (-0.48%)
Coffee Falls on Forecasts for Rain in Brazil

March arabica coffee (KCH23 ) this morning is down -4.00 (-2.45%), and Jan ICE robusta coffee (RMF23 ) is down -3 (-0.16%). Coffee prices this morning are moderately lower, with arabica falling to a 2-week...

KCH23 : 160.20s (-2.02%)
RMH23 : 1,868s (-0.48%)
Crude Under Pressure from Fears of Shrinking Global Energy Demand

Jan WTI crude oil (CLF23 ) this morning is down -1.74 (-2.34%), and Jan RBOB gasoline (RBF23 ) is down -4.98 (-2.32%). Jan Nymex natural gas (NGF23 ) is down -0.018 (-0.33%). Crude oil and gasoline prices...

CLF23 : 72.77 (+1.06%)
RBF23 : 2.0943 (+0.82%)
NGF23 : 5.850 (+2.22%)
Shopify Hopes to Recover E-Commerce Dominance

Analysts are split on whether a rebound in Shopify Inc. (SHOP ) can be maintained. Shopify shares have tumbled +69% this year, and the average estimate of analysts is for the stock to gain only +2.2%...

SHOP : 38.49 (-1.23%)
AMZN : 88.46 (+0.24%)

Author Links

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Tesla investors are becoming increasingly frustrated with @elonmusk and urge him to stop wasting time on Twitter $TWTR. This comes as $TSLA shares are down 48% over the last year which is significantly worse than the major indices and other car manufacturers like $GM and $F. https://t.co/zPAZi3fLl3
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So you want a Pivot? Not so fast! Great visual from Strategas Securities shows how the S&P 500 typically responds after a pivot. On average, the $SPX falls 23.5% over a period of 195 days. https://t.co/Ypnf94GH6Y
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Since mid-October, the stock market has rallied even as longer term treasury yields continue to fall further below short-term debt. Keep in mind that bonds are typically considered to be a leading indicator of equities because bond traders are speculating on economic trends. https://t.co/3eBwYhzJtg
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Buying crypto is like buying pet rocks says JP Morgan CEO Jamie Dimon https://t.co/La9MiNaazP
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Carvana $CVNA now down 98.5% over the last year https://t.co/zQ9n4kzEI9
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For the first time since 2011, the S&P 500 $SPX traded lower for the first 5 days to start a month 👀 Where is that Santa Claus Rally at? 😂 https://t.co/WTY3fDX8IX
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Stocks w/ most active options trading: $TSLA - 1.907M $AMZN - 1.703M $AAPL - 1.376M $META - 580k $AMC - 503k $BABA - 500k $AMD - 432k $NVDA - 417k $CVNA - 390k $GOOGL - 356k $BAC - 319k $PYPL - 307k $C - 280k $NFLX - 260k $GOOG - 232k $GME - 230k What options did you trade?
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% of Large Cap Stocks Above Their Moving Averages Energy looking rough on the 5, 20, and 50D 👀 https://t.co/cufhZisVgJ
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Stock Market Fear & Greed Index = 58 (Greed) https://t.co/zWnIVD83hI
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ANNOUNCEMENT: You now have the ability to share the filter setup for all Barchart Screeners (Stocks, ETFs, Funds, and Options). 4 Steps Below 👇 https://t.co/vuzwJblJms
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When will Air Travel return to Pre-Pandemic Levels? https://t.co/cuqr7SmPBT
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Rough 1 year chart for $AMC https://t.co/FeWGPE9KSO
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Jim Cramer warns investors that it's not too late to sell your crypto positions and that $XRP $ADA $DOGE and $MATIC could all collapse to zero. https://t.co/j30BKubXgV
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Today's Futures Heat Map Strongest: Natural Gas, Orange Juice, Lumber, Wheat Weakest: Heating Oil, Gasoline, Crude Oil, Cotton https://t.co/UsH3n4t0tS
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Stocks Under Pressure As Weak Chinese Trade News Sparks Global Growth Concerns Related Stocks: $EXPE $LUV $AAL $FITB https://t.co/4k9EphrEQ4
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4 Stock Market Morning Movers: $BABA $ABNB $MDB $JD Check out the details 👇 https://t.co/NQBvfOu2MO
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Markets Today: Stocks Undercut By Negative Chinese Trade News Related Stocks: $ABNB $PINS $BABA $AAPL https://t.co/MilVzMldgB
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Nancy Pelosi (and Paul) sold $4M+ worth of $V on November 8. Let's keep an eye on how Visa performs over the coming months. Remember that on July 26, Nancy Pelosi also sold $4M+ worth of Nvidia and since that sale, $NVDA is down 11.4% compared to 6% for $QQQ and 9% for $SOX. https://t.co/WhY5h63RRr
Barchart
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S&P 500 $SPX unfortunately was unable to hold the 200 Day Moving Average and is now just above its 100 Day. Will that hold or will it fall further to the 50 Day? https://t.co/m5a3ptFCHW
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Bed Bath & Beyond $BBBY pulled a Peloton $PTON https://t.co/Pmxm2I1Q6v
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Bears are having a great year but even more so for those who are short Goldman's basket of most-shorted stocks. This basket is on track for its worst year since data began to be collected in 2008. https://t.co/136nlHmy5N
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Lumber with a nice bounce today but this 3 year chart shows that it has basically fallen back to pre-pandemic levels https://t.co/LcRjR5apc5
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7 Fear & Greed Indicators: * Market Momentum (Fear) * Stock Price Strength (Extreme Greed) * Stock Price Breadth (Extreme Greed) * Put & Call Options (Extreme Greed) * Market Volatility (Neutral) * Safe Haven Demand (Fear) * Junk Bond Demand (Fear) https://t.co/pmUfRILfLu https://t.co/d88cJceNwc
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