Stock Market Bears Are Hiding

Markets are liking the fact that earnings are coming in strong. Confidence is up and markets are seeing inflows. Are there any bears left? Looking at the stock market these days it would be easy to come away with the opinion that it’s nothing short of full-blown exuberance.

Bitcoin: Fake Securities ?

Bitcoin has been blessed by a federal regulatory agency in Washington. On Monday, a bitcoin options exchange called LedgerX won approval from the Commodity Futures Trading Commission to clear bitcoin options, making it the first U.S. federally regulated platform of its kind, reports The Wall Street Journal. Less than 24 hours after the CFTC announcement, the Securities and Exchange Commission has declared that “tokens” such as bitcoin can be considered securities, and therefore, may be need to be registered unless…

OPEC Spare Production Capacity Hit New Low

The US Energy Information Administration estimated that OPEC’s spare crude oil production capacity fell by 170,000 bpd (barrels per day) to 2.01 MMbpd (million barrels per day) in June 2017 compared to May 2017, the lowest level since January 2017. OPEC agreed to reduce crude oil production by 1.2 MMbpd (million barrels per day) . OPEC’s crude oil production fell by 690,000 bpd (barrels per day). OPEC production could fall in 2017 due to the production cut deal. An expected…