Robert plant fanpage @mikemcglone1_

musician Miami, FL Joined May 2012

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Mike McGlone @mikemcglone11

2 years ago

#Bitcoin May Need to Disconnect #Nasdaq Link -Since first reaching $20,000 about six years ago, Bitcoin has gained about the same as the Nasdaq 100 Stock Index to July 10. It was near the peak of the crypto bubble in 2017 that the benchmark initially traded at the current level

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Mike McGlone @mikemcglone11

2 years ago

What's Significant About $4 #Corn? Nothing - The "high price cure" may rule corn in 2023. If the history of price spikes are a guide, most #commodities this year are likely to be about carving out bottoms on the back of 2022 rallies.

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Mike McGlone @mikemcglone11

2 years ago

Crude Oil Has a Problem - $40 Is Normal. That the price of WTI crude oil at about $71 a barrel on July 6 was first traded in 2005 may emphasize its random-walk nature and downside risks on the back of the 2022 spike and US recession tilt. Since first approaching $40 in 1981…

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Mike McGlone @mikemcglone11

2 years ago

Crude Oil $40, Corn $4 Support Confront Copper $4 Resistance. The #commodity three Cs -- #crudeoil, #copper and #corn -- appear in bear markets on the back of a top force -- autocorrelation. With farmers maybe the first to identify "the high price cure" and facing a vigilant #Fed

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Mike McGlone @mikemcglone11

2 years ago

#Bitcoin's 84% gain in 1H was about double that of the Nasdaq 100 and consistent in annual volatility (risk-adjusted). It's 2H that may define the benchmark #crypto as a high-beta version of the #stockmarket, or for its potential to be digital #gold in a world going that way.

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Mike McGlone @mikemcglone11

2 years ago

Midyear Outlook: Cryptos - The stock market continuing to post gains may chip away at the foundation for #cryptos. That the Bloomberg Galaxy Crypto Index dropped in 2Q despite the sharp bounce in the Nasdaq 100 Stock Index suggests divergent weakness for the crypto market.

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Gulf Intelligence @gulf_intel

2 years ago

LIVE PODCAST: Daily Energy Markets

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Mike McGlone @mikemcglone11

2 years ago

2H Tea Leaves Show 'What Ifs' - Weak #commodities and US Treasury #bond yields in 1H may portend what to expect in risk assets in 2H, unless the US avoids a #recession. How markets end 2023 could have enduring ramifications.

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Mike McGlone @mikemcglone11

2 years ago

Fastest-Ever - Fed Funds Rising, PPI Declining. "Collapsing" may best describe the Producer Price Index's trajectory -- falling at the fastest pace since 1948 -- but a more relevant issue for 2H might be what stops it. A rising #stockmarket could help lift all boats, but...

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The Wolf Of All Streets @scottmelker

2 years ago

Were Economists Wrong? The Economy Is Not Collapsing. Market Rally | Macro Monday

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Mike McGlone @mikemcglone11

2 years ago

'But If' Could Be What Matters - The war in Europe, slumping growth in China and the bulk of economic data may lose relevance if the US #stockmarket remains elevated in 2H. Will weak #commodities and US T-bond yields recover with equities? It's the "but if" stocks fall...

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Mike McGlone @mikemcglone11

2 years ago

#PreciousMetals, #gold vs. Commodities Show Recession Tilt - Rising precious vs. base metals, #agriculture and #energy is the YOY trajectory at the end of 1H. It's a question of reversal or acceleration in 2H of this deflationary recession tilt - my bias is the latter.

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Mike McGlone @mikemcglone11

2 years ago

Can the #StockMarket Tide Lift Commodities? Reversion of 2022 has been the path of 1H and the bottom line for 2H may be the ability for most risk assets to keep rising with the US tilting toward recession. Weak #CrudeOil, #copper and broad #commodities in 1H could show…

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Mike McGlone @mikemcglone11

2 years ago

The Commodity Body in Motion Is Downward - #Commodities have passed the test of supply-and-demand elasticity pressuring prices on the back of the 2022 spike, but a bottom could be more elusive. Until the crude oil collapse of 2014-15...

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Mike McGlone @mikemcglone11

2 years ago

Anna Wong of Bloomberg Intelligence may fulfill Harry Truman's desire for a one-handed economist :)

David Lin @davidlin_TV

2 years ago

Anna Wong of Bloomberg Intelligence may fulfill Harry Truman's desire for a one-handed economist :)

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Mike McGlone @mikemcglone11

2 years ago

Midyear Commodity Outlook - Deflationary Recession Is the Commodity Path But What Stops It? If the US and global economy avoid a recession in 2H, commodities could be more likely to arrest their slide. That the PPI is falling at the fastest pace since 1948...

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Mike McGlone @mikemcglone11

2 years ago

Bodies in Motion - Rising #Gold, Falling #Commodities: The onset of the pandemic in 2020 sparked a new high in the ratio of gold to the Bloomberg Commodity Spot Index, which may have been a precursor of what to expect if the US economy contracts.

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Mike McGlone @mikemcglone11

2 years ago

Copper's Reversion Potential Toward $3 and Gold, the Fed, Stocks - If the #stockmarket in 2H follows #copper's 2Q downward trajectory, #FederalReserve tightening expectations might reverse and buoy #gold. Bloomberg Economics, inverted yield curve are leaning toward US recession

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Mike McGlone @mikemcglone11

2 years ago

WTI Crude Oil Could Simply Follow Natural Gas - #Crudeoil appears in an elongated bear market and 2022 may have sparked downward risks akin to the peak in 2008. About $40 a barrel in WTI has acted as gravity's pull since the all-time high around 15 years ago

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Mike McGlone @mikemcglone11

2 years ago

Midyear #Energy Outlook - The downward trajectory in energy may halt when prices reach a lower plateau and plenty of time has passed from central bank rate cuts. That the trajectory at the end of 1H is rising rates and falling prices tilts our bias for #crudeoil toward $40