Thomas H. Kee Jr.
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Trump may prevented history's biggest IPO from having the best price
If the OPEC deal dissolves and OPEC production increases to where it would normally be, oil prices are likely to fall from their lofty levels.
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Oil's run may be over
The oil market has priced in an almost guarantee that president Trump will scrap the Iran Nuclear deal.
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The FOMC just set the stage for a market crash
On Wednesday the FOMC did not raise rates, but they did set the stage for an additional drain on liquidity. The stage is now set for asset repricing, which is a gentle way of saying a market crash.
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The market will crash this year — and there's a good reason why
The amount of money chasing stocks is drying up considerably, natural conditions are prevailing, and it is happening on the heels of the most expensive bull market in history.
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Will Trump finally sell part of the US strategic petroleum reserve?
The price per gallon of oil is close to $4.00 in Southern California. Oil prices have spiked this year and gasoline prices have followed. This is adding significant pressure on consumers, the driving force behind our economy, and with Saudi Arabia eyeballing $100 per barrel for oil there seems to be no end in sight, but there is. UCO is up approximately 18% this year, representing about a 9% increase in domestic oil prices. In my region, Southern California, gasoline prices are also approximately 50¢ higher than they were at this time last year. Although the price per gallon is closer to $4.00 in Southern California, where it is closer to $3.00 nationally, the same price difference seems to exist. Gasoline was much cheaper a year ago, and these higher gasoline prices act like a tax on the consumer. Our analysis suggests that the average consumer is losing about 27% of his tax benefit as a result of higher gasoline prices. This dampens the economic impact of the tax cuts accordingly, by hitting the consumer hard.