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Thursday, 13 August 2026

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Oil Prices Fall Back as Red Sea Oil Shipments Continue

WTI crude oil prices (CLU26) on Friday fell and gave back about half of Thursday’s 6% rally. Meanwhile, Sep Brent crude oil prices (CBU26) fell back to the $97 per barrel area after posting a 2-month high of $102 on Thu…

Shares of EVSM Now Oversold

In the case of Eaton Vance Short Duration Municipal Income, the RSI reading has hit 29.0 — by comparison, the RSI reading for the S&P 500 is currently 44.8. A bullish investor could look at EVSM's 29.0 reading as a sign…

Hogs Extend Strength to Friday’s Close

Lean hog futures held higher on Friday, with contracts 12 to 70 cents higher at the close, with August $1.20 higher on the week. USDA’s national base hog price was down $2.77 in the Friday PM report to $99.37. The CME L…

Cotton Faces Pressure on Friday

Cotton futures closed Friday with front month losses of 7 to 129 points and deferreds up 3 to 4 points. December was up 135 points on the week. Crude oil was back down $1.72 per barrel, with the US dollar index slipping…

Chip Stock Sell-off Puts Downward Pressure on Broader Market

The S&P 500 Index ($SPX) (SPY) on Friday fell -0.08%, the Dow Jones Industrial Average ($DOWI) (DIA) rose +0.39%, and the Nasdaq 100 Index ($IUXX) (QQQ) fell -1.27%. September E-mini S&P futures (ESU26) fell -0.08%, and…

LeaderShares Dynamic Yield Getting Very Oversold

In the case of LeaderShares Dynamic Yield, the RSI reading has hit 29.6 — by comparison, the RSI reading for the S&P 500 is currently 44.8. A bullish investor could look at DYLD's 29.6 reading as a sign that the recent …

Soybeans Extend Buying into the End of the Week

Soybeans closed the Friday session with contracts steady to 10 ½ cents higher, with the front months leading the bull spreading. August managed a 43 ½ cent gain this week, with November 50 ½ cents higher. The cmdtyView …

Anthropic Is the New SpaceX for ETF Issuers

Getting into SpaceX early was spectacularly lucrative. The venture investors who bought years ago at a fraction of the listing price made a fortune on it. But early is relative, and the investors who piled into certain …

Amplify Seymour Cannabis (CNBS) Enters Oversold Territory

In the case of Amplify Seymour Cannabis, the RSI reading has hit 29.9 — by comparison, the RSI reading for the S&P 500 is currently 44.8. A bullish investor could look at CNBS's 29.9 reading as a sign that the recent he…

Bond market anxiety is growing over AI capex budgets

It's playing out in real time in the bond market, where the biggest names involved in the blitz — Google, Amazon and Meta — are seeing credit spreads widen as fixed-income investors demand more reward to lend to the com…

Wheat Reverts Lower on Thursday

The wheat complex faced some pressure on Thursday after rallying to fresh multi year highs overnight. Chicago SRW contracts were down 8 ½ to 13 cents at the close. KC HRW futures slipped late, with contracts down 3 to 1…