The Commodities Channel

Weekly Gasoline Price Update: Regular and Premium Up Four Cents

It's time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium were up four cents each from last week. According to, Hawaii has the highest average price for Regular at $3.42 and Santa Barbara, CA is the most expensive city, averaging $3.53. Mississippi has the cheapest at $2.27. The WTIC end of day spot price closed at 61.36, a 1.9% decrease from this time last week.

Monty Hall and Door Number 1, 2, or 3

The Three Prisoners problem appeared in Martin Gardner’s “Mathematical Games” column in Scientific American in 1959. It is mathematically equivalent to the “Monty Hall problem” with the car and goat replaced with freedom and execution, respectively, and equivalent to, and presumably based on, Bertrand’s box paradox.

Three Emerging Trends That Are Upending Our Profession

Last year, I made a number of bold predictions about how the advisory profession is evolving, and what firms are going to have to do to stay ahead of the curve. How have my predictions held up? Here are three transformations that will force every advisory firm to adapt.

ExxonMobil? Think Again

GE retaught investors the great lesson that things that cannot go on forever don’t. Hopefully, ExxonMobil investors will heed that lesson.

With Rollback, Dodd-Frank Is Now Officially a Dud

You can be forgiven, for missing what I believe is the most significant development of the past few days. On Wednesday, the Senate, in a bipartisan vote, quietly approved plans to roll back key banking rules in 2010’s Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank).

S&P 500 Snapshot: Down 1.24% from Last Week, Rising Trade Tensions

Rising trade tensions contributed to this week's market decline. The S&P 500 closed Friday above Thursday's close, but fell 1.24% from last week. The index is up 2.08% YTD and is 4.2% below its record close. Volume was high today, ending 38% above its 50 day moving average.

The Big Four Economic Indicators: Industrial Production Up 1.1% in February

Today's report on Industrial Production for February shows a 1.1% increase month-over-month, which was much better than the consensus of 0.3%. The year-over-year change is 4.35%, up from last month's YoY increase.

ECRI Weekly Leading Index Update

This morning's release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 149.7, up 0.4 from the previous week. Year-over-year the four-week moving average of the indicator is now at 3.14%, down from 3.36% last week. The WLI Growth indicator is now at 5.6, down from the previous week.

Trump, Tariffs and Trade: Three Takeaways for Investors

We believe the trade actions with the most significant potential economic and market impact have yet to unfold.

The Many Uses of Gold

As our loyal readers know, at U.S. Global Investors we carefully monitor the price of gold. We pay close attention to the macro drivers moving the yellow metal, like government policy and cultural affinity spurring demand globally. We also monitor the micro drivers, like company management and quant factors that make one gold stock superior to the next.

Weekly Heating Oil Prices

The latest price of home heating oil nationwide is $3.06, down two cents from last week and up 40 cents since the beginning of the season.

Recovery Rallies: Are 2 Years, 6 Years, or even 9 Years Enough?

The stock market’s recovery is approaching the nine year mark and appears to have the potential to continue for a few more years.

U.S. Core CPI Moderates in February, With Few Surprises in the Readings

We saw little to surprise in February’s U.S. Consumer Price Index (CPI) inflation print: Core CPI (excluding food and energy prices) gained 0.18% month-over-month, a moderation from January’s 0.34% gain, and held steady at 1.8% year-over-year.

Growth and Value Investing: A Complementary Approach

Growth and value investing are often seen as competing styles, with one outperforming or underperforming the other during different periods of time and market cycles. While the approaches may differ, Stephen Dover, head of equities at Franklin Templeton Investments, and Norm Boersma, chief investment officer of Templeton Global Equity Group, say growth versus value doesn’t have to be an either-or proposition.

All Asset All Access, March 2018

In this issue, Research Affiliates discusses positioning for potentially volatile markets and the link between equity valuations and macroeconomic conditions.