05
Jul

Wrap – Week Ended 7/2/15

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Questions and comments under the wrap will be addressed in the Monday post. 

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wrap 070215

 


02
Jul

Thursday Morning

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Market Sentiment Watch: Big day on the economic front as double the data gets jammed in due to the 3 day weekend. In energyland, we saw what really looked like a capitulation day in the groups yesterday but with no key reversal yet.   In today's post please find the natural gas inventory preview, the oil inventory review (more of a mixed bag that met the headlines), a natural gas macro update (April production strong but so is demand and net imports are moving towards zero (maybe late this summer)), a gassy players expanded set of Orange Charts, and some other odds and ends.  This is often a slow day as many traders leave early to extend the long weekend. Have a great, safe 4th of July. 

 

Ecodata Watch: 

  • Jobless claims came a 281,000 vs a forecast of 275,000, and last week's 271,000,
  • Nonfarm payrolls came in at 223,000 vs a forecast of 225,000, and last month's reading of 254,000 which was revised down from 289,000,
  • The unemployment rate fell to 5.3% vs a forecast of 5.4% and last month's 5.5% reading,
  • We get factory orders at 10 am EST (F = -0.5%, last read was -0.4%).

In Today’s Post:

  1. Holdings Watch
  2. Commodity Watch - with natural gas storage preview
  3. Oil Inventory Review
  4. Natural Gas Macro
  5. Stuff We Care About Today - Gassy Orange Chart Update
  6. Odds & Ends

Please click the link right below this to Continue Reading »


01
Jul

Wednesday Morning – GPOR

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Market Sentiment Watch: Greek offers concessions lifting futures. In energyland, the Iran nuke deal deadline was pushed back to July 7, not surprising and 2 days ahead of when we thought. Expect a deal to be signed as time runs out. Do not expect a big surge of Iranian oil to hit global markets this year. In today's post please find comments on GPOR, the oil and natural gas inventory previews and some other odds and ends. 

Ecodata Watch:

  • ADP employment came in at 237,000 vs a forecas of 218,000 and last month's reading of 201,000),
  • We get ISM at 10 am EST (F = 53.2%, last month was 52.8%), 
  • We get construction spending at 10 am EST (F = 0.5%, last read was 2.2%), 
  • We get car sales over the course of the day (F = 17.2 mm, last read was 17.8). 

 

In Today’s Post:

  1. Holdings Watch
  2. Commodity Watc​h - with oil and natural gas inventory previews
  3. Stuff We Care About Today - GPOR, EXXI
  4. Odds & Ends

Click the link directly below this to ...  Continue Reading »


30
Jun

Tuesday Morning – HK

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Market Sentiment Watch: All eyes remain on Greece with futures propped by hopes over a last minute deal.  Window dressing impact should dry up in the group as we head to quarter end today. In today's post please find comments on HK, an updated set of Orange Charts, and  some other odds and ends. 

Ecodata Watch:

  • We get Case-Shiller home prices at 8:30 am EST (no forecast),
  • We Chicago PMI at 945 am EST (no forecast, last read was 46.2),
  • We get Consumer Confidence at 10 am EST (F = 97.4, last read was 95.4) 

In Today’s Post:

  1. Holdings Watch
  2. Commodity Watch
  3. Stuff We Care About Today – HK
  4. Odds & Ends

Click the link directly below this to ...

Continue Reading »


29
Jun

Monday Morning – Greek Fear

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Market Sentiment Watch: Greece remains in focus with the default deadline tomorrow and no progress made over the weekend, expect volatility. Here's a link for those without scrolling news with the latest headlines for Greece. Ukraine also looking troublesome, as well as Portugal and Puerto Rico but Green is the focus for now. In energyland, the Iran talks will hold sway over oil prices until they are completed and tomorrow's deadline is not surprisingly going to pass without a deal but we expect one with a week to 10 days. We don't see this as at all a dire scenario for oil prices. News flow remains light as is typical for this holiday shortened week of the year. In today's post please find The Week That Was and a few other odds and ends. 

Ecodata Watch:

  • We get Pending Home Sales at 10 am EST (no forecast, last read was 3.4%)

The Week Ahead:

  • Tuesday 6/30: Case-Shiller home prices, Chicago PMI, consumer confidence
  • Wednesday 7/1: ADP employment, Markit PMI, ISM, construction spending, car sales, 
  • Thursday 7/2: Jobless caims, nonfarm payrolls, unemployment rate, factory orders. 
  • Friday 7/3: No economic data release, market closed for 4th of July. 

In Today’s Post:

  1. Holdings Watch
  2. Commodity Watc​h
  3. The Week That Was
  4. Stuff We Care About Today 
  5. Odds & Ends

Click the link directly below this to ...  Continue Reading »

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