Latest news with #BlueLineFutures
Yahoo
31-07-2025
- Business
- Yahoo
Copper ‘Lotto Tickets' Pay Off After Trump Shrinks From Tariffs
(Bloomberg) -- Options traders who bet the Trump administration would renege on its promise to tariff raw copper imports are cashing in big. The World's Data Center Capital Has Residents Surrounded An Abandoned Art-Deco Landmark in Buffalo Awaits Revival We Should All Be Biking Along the Beach Budapest's Most Historic Site Gets a Controversial Rebuild San Francisco in Talks With Vanderbilt for Downtown Campus On Wednesday evening, more than 31,000 contracts went from out-of-the-money to in-the-money after President Donald Trump shockingly exempted the most widely imported form of copper. The contracts, now with a notional value of $3.54 billion, reflect a significant shift in the copper options market. That's a sharp increase from Tuesday evening, when only 675 in-the-money put options were recorded, valued at $94.4 million. It's a win for bearish traders who believed Trump would back off his tariff vow. It also signals some upheaval for banks and hedge funds that took long paper positions on the assumption that Trump would follow through on his protectionist trade policies. 'It's pretty amazing — the lotto tickets worked,' said Phil Streible, chief market strategist at Blue Line Futures LLC who has traded copper options and futures for over two decades. 'All the tariffs that we've seen and many of the policies coming out of the administration have been very fluid in nature with extreme outcomes on both sides of the tail trade.' Trump three weeks ago said he would levy a 50% tariff on copper imports from Aug. 1, but didn't specify which products would be covered. While Wall Street piled into trades before the deadline, an expansive lobbying campaign played out in Washington, with US copper producers, semi-finished products makers, scrap yards and foreign governments angling for measures that would benefit their industries, whether it be exemptions, punitive tariffs or a complete abandonment of the tariff. After Trump's surprise move Wednesday, copper prices in New York fell the most since at least 1988. Just last week, futures had reached an all-time high of $5.9585 a pound. --With assistance from Michael Roschnotti. Burning Man Is Burning Through Cash Russia Builds a New Web Around Kremlin's Handpicked Super App Everyone Loves to Hate Wind Power. Scotland Found a Way to Make It Pay Off It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Cage-Free Eggs Are Booming in the US, Despite Cost and Trump's Efforts ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
14-07-2025
- Business
- Globe and Mail
Is Silver the next commodity to face tariffs? Here's what to watch for next week.
Enjoy the benefits of Blue Line Futures Open an account with Blue Line Futures and you will gain access to our daily commodity commentary, free desktop/mobile trading platforms, 24-hour trade desk, and more! Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results. Blue Line Futures is a member of NFA and is subject to NFA's regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition. With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at info@ or call us at 312- 278-0500 Performance Disclaimer Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
CNBC
29-05-2025
- Business
- CNBC
Here are the factors driving copper prices and the stocks to play
Phil Streible, Blue Line Futures chief market strategist, joins 'Power Lunch' to discuss what's fueling the copper demand and if investors should get in on the rally.
Globe and Mail
01-05-2025
- Business
- Globe and Mail
Futures Settle at Post-Tariff Highs, Eyes on Core PCE and Big Tech Earnings
Spotify falls after earnings. Bill Baruch joins CNBC's Halftime to break down why he's still in. E-mini S&P (June) / E-mini NQ (June) S&P, yesterday's close: Settled at 5583.75, up 30.75 NQ, yesterday's close: Settled at 19,642.00, up 114.00 E-mini S&P and E-mini NQ futures settled yesterday at the highest level since the April 2 nd tariff announcement. The White House's softer tone on trade was furthered when President Trump signed an order to lessen the impact of auto tariffs. Commerce Secretary Lutnick also noted a trade deal has been reached with one nation, but we await further details. The indices have been buoyant, finding additional tailwinds from strong earnings, but this will be tested today. CAT reported a miss on earnings and revenue but kept its full-year outlook, the stock is +2% premarket. MSFT and META report after the bell. The first look at jobs is due with the private ADP survey at 7:15 am CT, followed by the Fed's preferred inflation indicator, the Core PCE Index, at 7:30 am CT. E-mini S&P and E-mini NQ futures finished strongly yesterday but have not been able to decisively pierce strong resistance. For the E-mini S&P, this is major three-star resistance at 5578.75-5584.50. As for the E-mini NQ, it has closed in on its April 2 nd gap settlement, marking a significant area of overhead resistance. Upon a pullback, we have first and second key support aligned with yesterday's midday ranges. However, we do not want to see a violation of major three-star support at… Want to keep up with the market? Subscribe to our daily Morning Express for essential insights into stocks and equities, including the S&P 500, NASDAQ, and more. Get expert technical analysis, proprietary trading levels, and actionable market bias delivered straight to your inbox. Sign Up for Free Futures Market Research – Blue Line Futures Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results. Blue Line Futures is a member of NFA and is subject to NFA's regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition. With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at info@ or call us at 312- 278-0500 Performance Disclaimer Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
Globe and Mail
01-05-2025
- Business
- Globe and Mail
S&P and NQ Extend Gains, But Risks Loom with Heavy Calendar
Buying Relative Outperformance: Early this week Bill Baruch of Blue Line Capital bought these three names, find out why. E-mini S&P (June) / E-mini NQ (June) S&P, last week's close: Settled at 5549.75, up 38.50 on Friday and 237.00 on the week NQ, last week's close: Settled at 19,535.25, up 213.25 on Friday and 1,154.50 on the week E-mini S&P and E-mini NQ futures finished last week on firm footing as the White House's narrative on trade softened a bit and earnings season got off to a strong start. Although we remain upbeat, much of this can shift instantly. On one front, there are two factions within the White House: that of Treasury Secretary Bessent, who is more in tune with a cohesive market environment, and that of Trade Representative Navarro, a vocal China hawk. On the other front, earnings have been good, but 36% of S&P companies report this week. Names like UPS, KO, V, SBUX, and CAT lead the list over the next 48 hours, before MSFT and META report Wednesday after the bell. Additionally, there is a deluge of economic data this week: Core PCE Wednesday, ISM Manufacturing Thursday, and Nonfarm Payrolls Friday. E-mini S&P and E-mini NQ futures battled off support early Friday and have so far carved a path of higher lows on today's session. First key support in the S&P comes in at 5511.25-5516.25, and below there is 5497.75-5499.75, before additional support aligns with Friday's low. Both indices are out above our Pivot and point of balance ahead of the opening bell. We believe holding above here will invite a continuation of momentum, with these levels coming in for the E-mini S&P at… Want to keep up with the market? Subscribe to our daily Morning Express for essential insights into stocks and equities, including the S&P 500, NASDAQ, and more. Get expert technical analysis, proprietary trading levels, and actionable market bias delivered straight to your inbox. Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results. Blue Line Futures is a member of NFA and is subject to NFA's regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition. With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at info@ or call us at 312- 278-0500 Performance Disclaimer Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
