Jeff Siegel

1 week ago | protradertoday.com | Jeff Siegel

China oil demand is set to peak two years ahead of schedule. This, according to the International Energy Agency’s (IEA) latest analysis which indicates that China’s oil consumption will top out at 16.9 million barrels per day by 2027. This is actually a big deal as China is the world’s second largest consumer of oil. One of the reasons for this massive decline in demand is the Middle Kingdom’s exploding demand for electric vehicles.

1 month ago | protradertoday.com | Jeff Siegel

f you ever needed more proof that BYD (OTCBB: BYDDY) was the most powerful EV maker in the world, look no further than what happened on Monday. The third best selling car brand in the world, BYD, made an announcement that sank every Chinese EV stock, including Geely (OTCBB: GELYY) and NIO (NYSE: NIO). The announcement? BYD is slashing prices by more than 30%, resulting in a renewed price war that could cripple the company’s competition.

1 month ago | news.1st.com | Jeff Siegel

Specifically designed for the rolling exotic player, Jeff Siegel’s “What You Need to Know” isolates those horses that should be included in daily doubles, pick-3s, pick-4s, pick-5s, and the pick-6. For additional commentary, follow us on twitter @jsiegelracing. Grade Descriptions: Grade A=Highest degree of confidence; Grade B=Solid Play. Grade C=Least preferred or pass; Grade X=probable winner but likely at odds too short to play.

1 month ago | protradertoday.com | Jeff Siegel

Solar stocks took a nasty hit after Trump’s “big beautiful bill” passed the House. Of course, we’re not surprised, and actually have been anticipating this. Because if this legislative package becomes law, it would remove the 30% federal tax credit for rooftop solar installations and end the investment and electricity production tax credits for solar power facilities.  Although the bill still has to get through the Senate, we really don’t know whether or not these tax credits will be saved.

1 month ago | protradertoday.com | Jeff Siegel

Citigroup CEO Jane Fraser made a rare announcement yesterday. And it’s one you should take very seriously. In a blog post entitled: Signals Through the Noise, Fraser noted that we are entering a new phase of globalization. One less defined by cooperation, and more by strategic self-interest. She posited that long-held assumptions are being challenged, not just by tariff announcements but by a deeper confidence shock. If you’re looking to markets for clarity, you might be a tad disappointed.