Collapse in crude yet to adversely impact petrodollars’ demand for Treasurys

posted in: Commodities, Credit, Economy, Technicals | 0

As world’s largest debtor and one running deficit, U.S. needs constant demand for Treasurys Recycling of petrodollars has been reliable source of demand for U.S. federal debt So far, drop in price of crude has not adversely impacted this demand … Continued

Poor results from major U.S. banks prove XLF divergence from 10-2 spread misplaced

posted in: Credit, Equities, Technicals | 0

Major U.S. banks’ 4Q14 earnings results big disappointment Release of reserves built up during crisis years have been big tailwind Financials’ path of least resistance down medium-term, though oversold near-term Investors were genuinely disappointed last week as all four major … Continued