OPEC+ members extended their additional voluntary supply cuts as expected and the group also laid out plans to gradually ease these cuts from the fourth quarter. Action taken by members should leave the oil market in deficit for the remainder of 2024

Amid record markets for lumber, some investors are expressing interest in exploring whether investing in sawmills makes sense—in some cases as an extension to their timberland investment portfolios.

Here is my prognosis for upcoming economic data releases.

Nvidia is at it again, with more news on how it will improve its dominance. Sunday Nvidia announced plans to improve its AI accelerators with next year’s rollout of the Blackwell Ultra chip and a next-generation platform called Rubin in 2026.

China’s Caixin manufacturing PMI will be reported alongside other Asian PMI readings today.

The Fed doesn’t know what to do and they tell us so every day because they can’t shut up. I don’t mean to imply that they are somehow out of the mainstream on this as I don’t think anyone really knows how monetary policy should evolve right now.

Selling pressure is still strong; in order to return back up the price needs to make a breakout above 39,000 .