About Peter Kenny

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So far Peter Kenny has created 56 blog entries.

Crude’s stealthy retreat

On February 22nd, crude WTI closed at year-to-date high of $41.45/bbl. Yesterday, less than two weeks later, it closed at $35.55/bbl. In rather quiet and uneventful fashion crude has shed nearly $6.00 a barrel or 14.23%. Truthfully, the loosely elastic price resistance that materialized at $40/bbl and higher recently was not at all surprising as I have called for [...]

By |2016-04-05T14:50:54+00:00April 5th, 2016|Uncategorized|

Is it too early to be concerned over the Brexit referendum?

All of the talk about the European Union in recent months has increasingly been dominated by the upcoming referendum on Britain's  popular vote to either exit the European Union or forge deeper permanent multilateral ties with it. Until now the likelihood of the outcome of the referendum has lacked the clarity provided by markets through futures [...]

By |2016-03-21T12:30:02+00:00March 21st, 2016|Uncategorized|

To What extent does tightening oil supply impact Fed inflation targets?

[et_pb_section][et_pb_row][et_pb_column type="4_4"][et_pb_text admin_label="Text" background_layout="light" text_orientation="left" use_border_color="off" border_color="#ffffff" border_style="solid"] Over the past several weeks, we have witnessed a rather sudden shift in the narrative that is focused on the global supply/demand matrix of petroleum. That shift in narrative is most easily seen in the price of crude. Crude has traded roughly 40% higher from lows established on February [...]

By |2016-03-14T20:53:54+00:00March 14th, 2016|Uncategorized|

Investors breath a sigh of relief

[author] [author_image timthumb='on']https://www.glblmkt.com/wp-content/uploads/2016/03/peter-kenny.jpg[/author_image] [author_info]Peter currently serves as Senior Market Strategist for the Global Markets Advisory Group. Peter also provides independent market strategy and daily market commentary through Kenny's Commentary at www.kennyscommentary.com and to a select distribution list of readers since 2007.[/author_info] [/author] US equity investors are breathing a deep, cleansing sigh of relief this weekend after [...]

By |2016-03-07T13:51:05+00:00March 7th, 2016|Uncategorized|