Gasoline demand distracts from the more important subject that there is no fundamental reason for the current oil-price rally.
Wall Street seems to think so. Shares of the ailing company rallied sharply as soon as the new CEO Joseph Papa assumed office, replacing departing CEO Michael Pearson. I wouldn’t share Wall Street’s enthusiasm, for several reasons. First, Mr. Papa brings to Valeant Pharmaceuticals a mixed record. An early pro-shareholder record, when [...]
We can exclusively report that Maryland State Senator Jamie Raskin, a Democrat fighting for a seat in the U.S. House this November, will be speaking at the Reason Rally.
If you believe the polls, Donald Trump will effectively clinch the Republican nomination in Indiana tonight. Across the country, GOP voters are souring on Cruz and rallying around their front-runner. At this point, there's no reason — at least, no political reason — why Trump hasn't already morphed into the ... More »
Christian evangelist Ray Comfort, he of Banana Nightmare fame, will be at the Reason Rally... though not at the invitation of anyone organizing the event.Comfort will be on the other end of the Mall on June 4, just away from the Lincoln Monument where the Rally is taking place, preaching and generally trying to convert anyone who crosses his path:
Futures are looking weak again. Traders gunned for 2,100 on the S&P 500 last week. They briefly touched that level, but there was no follow through for the obvious reason: no one with a brain believes this rally. We’ve broken above the downward trendline established by a series of lower highs in 2015. Show More Summary
A conversation with Trump supporters on Maryland's Eastern Shore. For plenty of people, Donald Trump's promise to "Make America Great Again," if elected, is enough reason to support his presidential bid. At the Trump rally on Maryland's...Show More Summary
One month ago we presented the simple reason why numerous oil producers did not believe the oil rally: they were aggressively hedging future production at prices - some as low as the mid-$30's - which were considered uneconomical asShow More Summary
The video below, part of The Atheist Voice series, is a pitch for viewers to attend the Reason Rally.
The President shares many policy positions with Clinton, but the mood at Sanders rallies surely reminds him of 2008
Brazilian markets have gotten a boost over the past few months in part due to on-going speculation that President Dilma Rousseff could be forced out of office. Since the end January 2016, the real is up about 12.2% and the Bovespa has...Show More Summary
A strong rally of the US dollar at the end of last week encouraged buying of risky assets driving equities and commodities higher. Words from one FOMC member saying that it would be reasonable to call for rate increases this year partially helped to trigger short-covering of dollar’s bears. Show More Summary
While rapper Killah Priest was already slated to appear at the Reason Rally in June, it looks like he'll be bringing several other members of Wu-Tang Clan to the Lincoln Memorial on June 4.
“We don’t win anymore!” Republican presidential candidate Donald Trump tells us. One of the main reasons, according to Trump, is due to free trade agreements. At a rally in North Carolina he declared: “All this free trade, you know what, it is free trade for them, not for us. Show More Summary
A stock market crash is likely in 2016. This bear market rally simply won't last... That's because it hasn't been based on strong earnings reports, solid balance sheets, or a growing economy. It's been hinged on the Federal Reserve's...Show More Summary
Bernie Sanders ratcheted up his attacks on Hillary Clinton at a rally tonight by rattling off a list of reasons he thinks she's not qualified for the presidency.
Precious Metals mining stocks rallied on Friday, but not much changed on the charts. There’s still ample reason for caution. Meanwhile gold sits at both a potential 4 month cycle low and 9-12 month cycle high. Here’s what this setup portends. Show More Summary
Reason TV headed down to the White House for the April 2 #RESCHEDULE420 rally, which culminated in mass cannabis consumption by protesters. The event, which included a giant 51-foot inflatable joint, was organized to urge President Obama...Show More Summary
In this morning's media frenzy story du jour, a 15-year-old girl, who was protesting at a Trump rally in Wisconsin, ended up being pepper sprayed, or at least that's how most of the media portrayed the incident. Since we were unsureShow More Summary
It has been so long, we forgot what it's like for the "smart money" (hedge funds, private clients and institutional clients) to put money to work into the market instead of rushing to unload their exposure to corporations buying back their stock (in near record amounts). Show More Summary