25
Jan
Market Sentiment Watch: Ben, Ben, Ben. Bernanke’s term expires at the end of the month and fears of his ouster propelled markets lower on Friday. His chances at keeping the job look more certain at present and I would expect the markets to react favorably to his confirmation later this week. If [...]
Posted in Uncategorized | 169 Comments »
24
Jan
Last Week Equals Two Words: No Fun. Note the red circles in the table below. 4 to 5% losses for the broad market and the energy sector, including oil and products were run of the mill last week. Natural gas was constrained to an essentially flat week despite a second week of larger than [...]
Posted in Uncategorized | 5 Comments »
22
Jan
Market Sentiment: Players are nervous and with no economic data today buyers may decide to sit out until the reset button is hit on the market sometime next week. SLB reported this morning and while they beat on the top and bottom lines, operating margins were lower again and the tone of the press [...]
Posted in Uncategorized | 230 Comments »
21
Jan
Market Sentiment Watch: Busy day as we get both the natural gas and oil inventory reports today. China data came in hot to estimates, especially on inflation, sending worry through international markets that Beijing would act to rein in growth. One of the worries for crude mentioned in the last few days has been [...]
Posted in Uncategorized | 220 Comments »
20
Jan
Market Sentiment Watch: Futures weak after IBM fails to impress and a number of banks come up short on earnings this morning. Please note that the EIA oil inventory report is delayed until tomorrow afternoon due to the MLK holiday. Ecodata Watch: Housing starts: 557K vs 540K forecast, PPI: up 0.2% vs forecast -0.1% [...]
Posted in Uncategorized | 174 Comments »