A quiet day so far…wish I had something more profound to report, best I can do is look at Europe… Eurozone: PMI’s UP; Equities Down? -focus is on employment component of the PMI’s which is still below 50 -also Italian PMI weak, FIAT laying off workers -Inference: Eurozone recovery will stall if employment does not [...]
*Duke Energy Settles with Sierra Club* -BK thinks this is most interesting long term story today -Duke will retire old oil burning plants -Combined with the announcement that VT Yankee nuclear plant will be shut, it suggests that utilities believe in cheap natural gas – otherwise these moves would not be made. -For the nat [...]
Guess what day it is??? HUMP-DAAAAAY! *India’s Monsoon in One Chart* -India is the fourth largest consumer of Petroleum and products -the rise in oil AND fall in Rupee has created a disaster in the making -this takes on added importance as global tensions rise… Brent Crude in Rupee Terms – Highest Prices…Ever!
As mentioned on Fast Money and Futures Now, the data in the US has been sufficiently weak to warrant a re-pricing of the odds of a September taper. Furthermore, higher oil prices will certainly curb consumer spending and thus will likely reduce to the already tepid economic recovery. To be clear this is a trade into [...]
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BK’s Twitter Policy
BK's likes to keep things simple, so here is my Twitter Policy.
There is nothing that I post on Twitter that should ever be taken as a recommendation to buy or sell...ever. You should always assume that myself, my firm, or my clients have either a long or short position in anything I mention - though it is not always the case - assume it anyway.
That being said as a CNBC contributor, I believe I have a responsibilty to be accountable for my public views. I use Twitter to publicly update aforementioned views. BTW, you should be aware that my views are fluid and change with the facts.
If you are following me, or anyone else on Twitter, in hopes of making a killing in the financial markets you will most likely fail. 140 characters is woefully inadequate to capture an entire investment thesis.
What you can expect from me is an honest account of what I am seeing/thinking/doing in the financial markets. If that helps you manage your own investments then great, we have both accomplished our goal.