Author Archive for Zero Hedge

“The War Has Changed” – Leaked CDC Report Claims Delta Spreads As Easily As “Chickenpox”

Courtesy of ZeroHedge View original post here.

The CDC is clearly concerned that it's losing the PR war to convince Americans that they must mask up and get vaccinated. Because less than a week after declaring that it would revive its mask mandate, the CDC has just pulled a classic media trick: turning the fearmongering nob up to '11' by leaking an "internal report" that supports the official narrative (even making it look like the more moderate of two options) while laundering the source of the information by allowing a reputable news org to market the story as an "exclusive".

A slide deck apparently shared widely inside the agency in the weeks after it first lifted the original mask mandate in May shows that the delta variant appears to cause more severe illness in younger patients, while spreading as easily as "chickenpox." What's more, it warns that the vaccine's ability to spread via infecting the already vaccinated means the CDC should impose even more stringent guidancethe presentation called for "universal masking." The document "strikes an urgent note, revealing the agency knows it must revamp its public message to emphasize vaccination as the best defense against a variant so contagious that it acts almost like a different novel virus."

Most critically, the slide deck includes "still-unpublished data" from studies showing that even the vaccinated might be able to transmit the virus as easily as the unvaccinated.

According to the Washington Post, the material in the report was "so alarming" that it prompted the CDC to reconsider its masking guidance, and President Biden to impose his federal employee vaccination mandate (with a few notable exceptions) despite his earlier promises not to do so.

Not only does the presentation include "new science", it also suggests "a new strategy" for communicating the urgency of the situation to the public, noting that "public trust in vaccines might be undermined" when people hear about breakthrough infections. At one point, the deck declared that "the war has changed," describing delta as if it were a totally new virus.

Well, maybe Pfizer and the government should have thought about that before they published obviously inflated efficacy numbers of +90%.

Despite that obvious blunder, WaPo was still able to fund a


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Tanker Managed By Israeli Billionaire Attacked Off Oman, 2 Crew Killed

Courtesy of ZeroHedge View original post here.

The UK Defence Ministry is confirming an overnight attack on an Israeli-managed tanker in the Arabian Sea off the Coast of Oman. Though few details have been given, or whether the incident could have been related to piracy – which is not uncommon in those waters – suspicions are on Iran given the recent history of tit-for-tat vessel attacks in Mideast waters.

London-based Zodiac Maritime, owned by Israeli billionaire Eyal Ofer, has issued a statement saying two crew members died as a result of the attack, including one Romanian and one British crew member, aboard what's been identified as the "Mercer Street" petroleum products tanker.

Zodiac Maritime initially described the late Thursday incident as a "suspected piracy incident". The statement indicated "At the time of the incident the vessel was in the northern Indian Ocean, traveling from Dar es Salaam to Fujairah with no cargo onboard." Zodiac manages the operations of the Japanese-owned vessel.

However in announcing an investigation underway, the British military’s Maritime Trade Operations contradicted this early piracy assessment, pointing to a sabotage attack likely by foreign state-backed operatives:

Britain's maritime authorities said earlier in the day that the attack occurred 175 miles off the Port of Duqm on Thursday, adding that the incident was not related to piracy.

According to tracking details in The Associated Press based on UK military statements, "The attack Thursday night targeted Liberian-flagged oil tanker Mercer Street just northeast of the Omani island of Masirah. The location is over 300 kilometers (185 miles) southeast of Oman’s capital, Muscat." One unconfirmed report from a maritime security risk management firm is pointing to a possible drone attack.

The AP was also quick to acknowledge suspicions of Iranian covert action, despite the initial suggestion of a piracy incident: "Other Israel-linked ships have been targeted in recent months as well amid a shadow war between


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Fed’s Favorite Inflation Signal Surges At Fastest Pace In 30 Years As Spending, Income Rise

Courtesy of ZeroHedge View original post here.

Following May's weaker than expected data on Americans' income and spending, analysts expected more weakness in income and a small bounce in spending in June, however both saw improvement with Personal Incomes rising 0.1% MoM (-0.3% exp) and Personal Spending up 1.0% MoM (+0.7% exp).

May's income was revised down from -2.0% to -2.2% MoM and spending revised lower from -0.4% to -0.6% MoM.

Source: Bloomberg

Incomes are up 2.3% YoY while spending remains up 13.6% YoY, thanks largely to base case effect still…

Source: Bloomberg

On the income side, private wages are up 11.5% YoY while government workers' wages are rising at a record 8.1% YoY…

All of which means the savings rate tumbled (to 9.4%, the lowest since Feb 20202, pre-COVID)

Remember when the world's prognosticators crowed of the pent-up demand coming any minute from the $2.5 trillion in excess savings… well that number is now down to just $1.7 trillion (almost back to $1.3 trillion 'norms).

Finally, and perhaps most importantly, The Fed's favorite inflation indicator – PCE Core Deflator – rose to +3.5% YoY (vs 3.4% in May), the highest since July 1991…

Source: Bloomberg

This was slightly lower than expected (if that is any silver lining) but still doesn't look very transitory.





Exxon Rises After Beating Q2 Earnings On Blowout Chemicals Results

Courtesy of ZeroHedge View original post here.

Earlier this week we said that Exxon will likely beat expectations largely thanks to surging plastic prices and that precisely what happened. As the company reported moments ago, while prices and margins for crude, nat gas and downstream were all in the from 2010-2021 range, chemicals were a major outlier and well outside the historical range largely thanks to the skyhigh price of petrochemicals.

What is also notable here is that while the vaccine rollout is helping improve global demand, this is being partially offset by persisting lockdowns and outbreaks, and as a result “Margins remain below 10-year lows driven by product oversupply and international jet demand.”

As the next chart from the company's earnings presentation shows, PET industry margins in Europe and North America were between 200% and 300% higher compared to Q1 2019. The company said there were four big drivers behind the surge: “increased packaging” (that’s the Amazon.com e-commerce boom) and “hygiene demand” (that’s Covid-19 mask and other stuff), plus “strong recovery in automotive” (after sales plunged in 2020) and “durable applications” (more household items like TV screens bought with checks from the government).

Naturally, higher oil prices did not hurt and the company beat on the top and bottom line despite a continued slowdown in production. Here are the details:

  • Q2 Revenue $67.74BN, beating Exp. $66.86BN
  • Q2 Adj EPS $1.10 vs. Loss/Shr 70.0C Y/Y, and beating exp. of $0.99
  • Q2 Capex $3.80B, beating exp. $3.31B, but looking ahead Exxon sees FY capex on the low end of its $16B to $19B guidance

The company reported price and margin improvements across all businesses with continued demand recovery; this however was offset by unfavorable mark-to-market impacts on open trading strategies with higher prices as well as higher planned maintenance across all businesses. On the other side, the company benefited from lower corporate and financing expenses and favorable tax items

Some more details:

  • Q2 Upstream Earnings $3.19B, Est. $3.05B
  • Q2 Downstream Loss $227M, Est. Loss $155.6M
  • Q2 Chemical


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Will Wall Street And Main Street Join Forces To Short Robinhood’s Newly Listed Stock

Courtesy of ZeroHedge View original post here.

If there's one thing meme-stock mania has taught us, it is that Main Street can be a powerful force when pinned up against Wall Street. But what if the two factions decided to work together on something?

That's something that Robinhood investors need to ask themselves. The controversial brokerage that is "gamifying" the market has drawn ire not just from Main Street for its mishandling of the GameStop fiasco, but also from Wall Street, who sees the company as a competitor.

Following Robinhood's lackluster IPO yesterday, where the stock barely had a pulse above its IPO price of $38 per share, the idea of the two forces joining hands to short the company's stock has made its way onto the popular WallStreetBets forum on Reddit, the New York Post notes

In fact, Ihor Dusaniwsky, managing director at S3 Partners, told the Post: “Brokers are preparing for a lot of short sale demand. There’s a lot of talk about retail and institutional investors – like hedge funds – shorting the stock.”

He continued, noting that once short sales become prominent, sentiment from those negative on the name may be better reflected in Robinhood's stock price: “Brokers have a limited capacity to approve short sales on IPO day but shorting can ramp up following the IPO. Because it will have a high percent of retail holdings there will be less short selling approved on the first day.”

One Reddit user posted yesterday: “Based on what we have learned over the past year as a result of the Robinhood inability to effectively manage it’s capitalization to remain solvent during periods of volatility and volume, I believe the Robinhood IPO provides a fantastic short opportunity.”

The user noted his "distrust" for Robinhood CEO Vlad Tenev as part of his thesis. 

Sources also told The Post that "major institutions are also considering the possibility of shorting Robinhood".

Another Reddit user, according to Bloomberg, wrote: “Is it me or does anyone else get pleasure from watching Robinhood’s stock burn to the ground?”

26 year old Julian Barrios commented: “With the whole GameStop and AMC stuff, I’m guessing the CEO said he needed to step his game up but it’s too late for that. I won’t be buying any Robinhood shares


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Futures Slide On Amazon Plunge, But World Markets Set For 6th Month Of Gains

Courtesy of ZeroHedge View original post here.

US equity futures stumbled – if trading off session lows – and global shares tracked Asia lower on Friday as investors were worried by a jarring cut to Amazon's guidance, China’s ongoing regulatory crackdown and rising Delta variant cases, but still remained on course for their sixth straight month of gains as overall solid corporate earnings and central bank largesse kept sentiment intact, while the dollar held near a one-month low and Treasuries rose. Nasdaq futures fell 1% after Amazon tumbled in premarket trading after its sales outlook missed expectations, adding to this week’s cautious forecasts from Facebook and Apple. At 7:15 a.m. ET, S&P 500 e-minis were down 25 points, or 0.56%, while Dow e-minis were down 79 points, or 0.23%.

The top overnight story was Amazon's 6% plunge after the company said sales growth would slow in the next few quarters as customers ventured more outside the home. Shares of other tech giants including Netflix, Alphabet, and Facebook which benefited last year from people staying indoors due to COVID-19 restrictions, fell between 0.6% and 1.2%. Other notable premarket movers include:

  • Caterpillar also fell 2.5% despite reporting a rise in second-quarter adjusted profit on the back of a recovery in global economic activity that has boosted demand for heavy machinery and construction equipment.
  • Didi Global (DIDI) shares fall 6.7% after China said it plans to deepen anti-monopoly supervision of ride- hailing companies.
  • Pinterest Inc sank 20.9% after saying U.S. user growth was decelerating as people who used the platform for crafts and DIY projects during the height of the pandemic were stepping out more.
  • Chevron Corp rose 2% as it reported its highest profit in six quarters and joined an oil industry stampede to reward investors with share buybacks.

Data on Thursday showed the economy recovered to pre-pandemic levels in the second quarter, but the pace of GDP growth was slower than expected. Meanwhile, a report cited the CDC as describing the Delta variant to be as contagious as Chickenpox. After the Federal Reserve this week reiterated its view that higher inflation would be transient, focus on Friday will be on the June reading of the personal consumption expenditures


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SEC Freezes IPOs Of Chinese Firms After Beijing Reconsiders Ban

Courtesy of ZeroHedge View original post here.

Beijing may have signaled to a group of American investment bankers that Beijing has reconsidered its decision to ban Chinese firms from listing in the US – a decision that was made after domestic markets went ballistic, prompting the intervention of China's (far more disciplined) plunge protection team. – but that doesn't mean the SEC is ready to simply let the next round of Chinese firms to take money from American investors without a hitch.

If Chinese firms want to continue to list in the US, then they're going to need to properly and accurately disclose the political risks posed by their own government – and the SEC hasn't yet finished deciding on the proper protocols for doing that.

To wit, Reuters reports that the SEC has stopped processing IPO registrations for Chinese firms while it crafts new guidance for disclosing the risks of a regulatory crackdown to its investors. The regulator has apparently asked companies to wait until it gives them specific guidance on how to properly disclose these risks.

TikTok-owner ByteDance and a handful of other companies suspended their plans to list in the US after Beijing went public with its ban. SEC commissioner Allison Lee said Tuesday that Chinese firms must adequately disclose risks of government interference to American investors as part of their regulatory reporting obligations. It's also worth noting that the US is still trying to force Chinese firms to submit to a Western-style audit.

The SEC is also facing pressure to finalize rules about potentially de-listing Chinese companies that refuse to comply with auditing standards, a battle that still remains to be fought, and could further complicate the outlook for Chinese firms listing in the US for some time (even if Beijing has apparently reconsidered the wisdom of killing the "goose that lays the golden eggs" as some pundits have described the role American capital markets have played in enriching China).

Per Refinitiv data, some 418 Chinese companies are listed on American exchanges. But no major deals are in the works right now, and we wouldn't be surprised if months, or even years, pass before another major Chinese firm lists in the US.

China's party mouthpiece the China Daily reported that Beijing would soon unveil measures to further open its domestic capital markets to foreign entities, something it has done only slowly.





Didi Shares Slide On Reports Of Anti-Monopoly Crackdown On Ride-Hailing Firms

Courtesy of ZeroHedge View original post here.

The non-stop rollercoaster ride in Didi shares continued Friday, one day after reports that Didi might go private sent the stock into the stratosphere (however briefly) in premarket trading. But the company swiftly denied the report, bringing shares back down to earth, and although Beijing has apparently reconsidered its plan to ban US IPOs (at this point, it might be difficult to find investors willing to risk it on another Chinese firm anyway after the Didi rug-pull), the latest reports Friday morning said China's transport regulator plans to deepen "anti-monopoly supervision" of the country's ride hailing companies.

While Didi currently controls more than 90% of China's ride share market, several of its upstart Chinese rivals have seized on the company's post-IPO troubles (which included seeing Didi's app banned from all Chinese app stores) to try and expand their business.

Didi's US-traded ADRs were down more than 7%.

Yesterday, Nikkei reported that Didi's upstart rivals have apparently discovered the American technique of using investor capital to subsidize rides, incentivizing customers to switch to their app. The move suggests that Didi might be forced to fight another round of brutal pricing wars with a new generation of ride-share rivals, after it already absorbed (or outmaneuvered) competitors like Uber.

Didi was a lifeline for Cindy Zhu. The 29-year-old software engineer at Tencent Holdings in Shenzhen relied on China's largest ride-sharing app to get to work every day. But two weeks ago she started to try four other apps after colleagues told her their rates are cheaper than Didi's.

And they were right. Zhu often received 50% discounts for rides ordered through Alibaba-backed AutoNavi, also known as Gaode. As a new user, she also received generous coupons from other apps, including Caocao Mobility, the ride-hailing arm of automaker Zhejiang Geely Holding, and Ruqi Chuxing, a joint venture between Tencent and state-owned GAC Group.

"I don't use Didi that often now. I use whatever is cheapest," Zhu said. "Their services are not so different."

The fiercest competitors are Meituan’s standalone ride-hailing app, which the food-delivery giant (which has also been targeted during the CCP's tech crackdown) relaunched after Didi's app store ban,  and another app from T3, a two-year-old ride-hailing app that's backed by three state-owned auto manufacturers as well as Alibaba, Tencent and Suning.





1.6 Billion Disposable Masks Entered Our Oceans In 2020

Courtesy of ZeroHedge View original post here.

Following the World Health Organization’s formal declaration of the COVID-19 pandemic, governments around the world quickly mandated the use of face masks in public spaces.

This led to a massive demand shock, prompting factories to begin producing disposable masks at full capacity. The majority of these masks were produced in China, and in April 2020, the country reported a staggering daily production figure of 450 million masks.

Plastic Pollution: A Lesser Known Side Effect

In Ocean Asia’s 2020 report, Masks on the Beach, researchers developed a formula to provide reasonable estimates for the number of disposable masks entering the environment.

Given an annual production figure of 52 billion disposable masks and a loss rate of 3% (the percentage of masks that escape water management systems), Visual Capitalist's Marcus Lu notes that the team concluded that nearly 1.6 billion face masks wound up in our oceans in 2020. This amounts to approximately 5,500 tons of plastic pollution.

These masks are commonly made of polypropylene, which easily breaks up into microplastics. While the effects of microplastics on human health are not yet determined, these fragments are incredibly common in our water supply – for example, 94% of U.S. tap water is deemed to be contaminated.

Disposable Doesn’t Mean They’re Gone

Despite their single-use nature, disposable masks are expected to take more than four centuries to decompose while in the ocean. Here’s how this compares to other items we use on a day-to-day basis.

The pandemic has extended well into 2021, and the number of disposable masks polluting our oceans is likely to continue growing.

With this in mind, various companies and organizations are beginning to search for a solution. One noteworthy example is Plaxtil, which is developing a method for recycling surgical masks so that the raw materials can be used for other products.





Ever Given Containers Finally Being Offloaded At Port Of Rotterdam

Courtesy of ZeroHedge View original post here.

By Kim Link-Wills,

Despite the early-morning hour, 5:15 a.m. Thursday in the Netherlands, the Ever Given “arrived amid great interest,” according to a Port of Rotterdam statement. 

Normally a container ship’s arrival in port does not warrant a press release. But the case of the Ever Given, which will be forever infamous for getting stuck in the Suez Canal, is anything but normal and prompted Port of Rotterdam officials to post a brief statement and two photos of the Ever Given’s arrival Thursday.  

The statement said the berthing of the Ever Given in Rotterdam went according to plan — well, a revised plan. The Evergreen Marine-operated container ship had been due in Rotterdam some four months earlier. The vessel was waylaid, of course, when it was lodged between the banks of the Suez Canal for six days in March.  

The Port of Rotterdam said containers will be offloaded at its ECT Delta terminal. Boxes bound for Hamburg, Germany, will be loaded onto the Ever Utile over the weekend to finally continue their journey. 

The Ever Given was en route from Yantian, China, through the Suez Canal to Rotterdam on March 23 when it was reportedly hit by strong winds and ran aground. It became stuck sideways in the canal, blocking both northbound and southbound traffic. 

The ship was freed on March 29 and moved to Egypt’s Great Bitter Lake, where it was detained until earlier this month while the Suez Canal Authority, the ship’s owner and insurers negotiated a settlement to release the vessel and get its crew and cargo moving again. 

The International Chamber of Shipping said the blockage of the canal cost $5.1 billion in world trade per day. 

The Ever Given is expected to sail for Felixtowe early next week to deliver the remaining containers to the United Kingdom. According to FreightWaves maritime market expert Henry Byers, the Ever Given typically carries such goods as apparel, electrical equipment, tools and bicycles.

Thursday’s press release noted that handling ships the size of the Ever Given, which has a capacity of 20,000 twenty-foot equivalent units, is in fact routine. Rotterdam’s container terminals handle between five and eight large vessels each day. 





 
 
 

Zero Hedge

"The War Has Changed" - Leaked CDC Report Claims Delta Spreads As Easily As "Chickenpox"

Courtesy of ZeroHedge View original post here.

The CDC is clearly concerned that it's losing the PR war to convince Americans that they must mask up and get vaccinated. Because less than a week after declaring that it would revive its mask mandate, the CDC has just pulled a classic media trick: turning the fearmongering nob up to '11' by leaking an "internal report" that supports the official narrative (even making it look like the more moderate of two options) while laundering the source of the information by allowing a reputable news org to market the story as an "e...



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Phil's Favorites

What are stablecoins? A blockchain expert explains

 

What are stablecoins? A blockchain expert explains

Stablecoins promise more stability than other cryptocurrencies. DenBoma/iStock via Getty Images

Courtesy of Stephen McKeon, University of Oregon

Stablecoins are a type of cryptocurrency linked to an asset like the U.S. dollar that doesn’t change much in value.

The majority of the dozens of stablecoins that currently exist use the dollar as their benchm...



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Digital Currencies

What are stablecoins? A blockchain expert explains

 

What are stablecoins? A blockchain expert explains

Stablecoins promise more stability than other cryptocurrencies. DenBoma/iStock via Getty Images

Courtesy of Stephen McKeon, University of Oregon

Stablecoins are a type of cryptocurrency linked to an asset like the U.S. dollar that doesn’t change much in value.

The majority of the dozens of stablecoins that currently exist use the dollar as their benchm...



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Biotech/COVID-19

Here's why the CDC recommends wearing masks indoors even if you've been fully vaccinated against COVID-19

 

Here’s why the CDC recommends wearing masks indoors even if you’ve been fully vaccinated against COVID-19

Signs like this may become more common as localities consider CDC guidelines. Mario Tama/Getty Images

Courtesy of Peter Chin-Hong, University of California, San Francisco

Vaccinated people need to mask up again, according to the U.S. Centers for Disease Control and Prevention. On July 27, 2021, the CDC recom...



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Politics

Bipartisan infrastructure deal begins to address consequences of a warming planet: 3 essential reads

 

Bipartisan infrastructure deal begins to address consequences of a warming planet: 3 essential reads

A lot of coastal infrastructure wasn’t designed for the frequent flooding and crashing waves brought by rising seas. Jeffrey Greenberg/Universal Images Group via Getty Images

Courtesy of Bryan Keogh, The Conversation and Stacy Morford, The Conversation

...



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Chart School

Investing with Channels - Review

Courtesy of Read the Ticker

The US has a lot of debt, to sell more units of the debt to non US buyers the FED and Treasury must get the unit price of the debt down.



This video assumes a 'risk on' bullish bias into the Nov 2022 US mid terms. The bias assumes a US dollar trending down from it current high price of $93 on the DXY.






 


 




Chart 1 - US Dollar Channels




 

Click for popup. Clear your browser cache if image is not showing.


 



...



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Promotions

Free Webinar Wednesday: July 7, 1:00 pm EST

 

Don't miss Phil's Webinar on July 7 at 1:00 pm EST. It's FREE and open to all who wish to join.

Click here: 

https://attendee.gotowebinar.com/register/6552545459443187211

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Kimble Charting Solutions

Crude Oil Cleared For Blast Off On This Dual Breakout?

Courtesy of Chris Kimble

Is Crude Oil about to blast off and hit much higher prices? It might be worth being aware of what could be taking place this month in this important commodity!

Crude Oil has created lower highs over the past 13-years, since peaking back in 2008, along line (1).

It created a “Double Top at (2), then it proceeded to decline more than 60% in four months.

The countertrend rally in Crude Oil has it attempting to break above its 13-year falling resistance as well as its double top at (3).

A successful breakout at (3) would suggest Crude Oil is about to mo...



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ValueWalk

Managing Investments As A Charity Or Nonprofit

By Anna Peel. Originally published at ValueWalk.

Maintaining financial viability is a constant challenge for charities and nonprofit organizations.

Q4 2020 hedge fund letters, conferences and more

The past year has underscored that challenge. The pandemic has not just affected investment returns – it’s also had serious implications for charitable activities and the ability to fundraise. For some organizations, it’s even raised doubts about whether they can continue to operate.

Finding ways to generate long-term, sustainable returns for ...



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Mapping The Market

Suez Canal: Critical Waterway Comes to a Halt

 

Suez Canal: Critical Waterway Comes to a Halt

Courtesy of Marcus Lu, Visual Capitalist

The Suez Canal: A Critical Waterway Comes to a Halt

On March 23, 2021, a massive ship named Ever Given became lodged in the Suez Canal, completely blocking traffic in both directions. According to the Suez Canal Authority, the 1,312 foot long (400 m) container ship ran aground during a sandstorm that caused low visibility, impacting the ship’s navigation. The vessel is owned by Taiwanese shipping firm, Evergreen Marine.

With over 2...



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The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...



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Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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