by Garrett Baldwin | May 4, 2023 | Market Commentary
This week, oil prices peeled back to their lowest levels since March. Despite OPEC’s cuts in early April and Goldman Sachs (GS) projections that oil would hit $95 very soon, the black commodity has been sinking fast. The June 2023 futures contract sank from about...
by Garrett Baldwin | Apr 24, 2023 | Market Commentary
I’m back from Orlando. I spent five days in a house with eight couples and a combined 11 children. And as expected, I have come down with a stomach bug. Children… I swear. They will get you incredibly ill. During my trip, I was with a lot of smart people. There were...
by Garrett Baldwin | Apr 3, 2023 | Market Commentary
Over the weekend, the global oil cartel OPEC announced plans to cut production by 1 million barrels per day by the end of the year. The news sent crude oil prices into the stratosphere. West Texas Intermediate crude – the U.S. benchmark – rose more than 6% and pushed...
by Garrett Baldwin | Mar 16, 2023 | Market Commentary
Executives who sell their stock could do so for any reason. Perhaps a CFO needs to send a child to college. Or they own a jumbo mortgage payment. Or maybe they believe that their cyclical business is facing strain. There are a large number of reasons why executives...