. . Market Sentiment Watch: Nervous market conditions with little in the way of fresh market data. At 10% off in 3 sessions tech was looking to take a break from the selling overnight. Green space names got linked to tech in the slide. As a reminder the oil inventory report is pushed until tomorrow […]
. . Market Sentiment Watch: EIA STEO showed further large reductions to U.S. output yesterday and revised global oil demand higher, Natural gas sentiment continues to show grudging improvement and we note the supply / demand set up there continues to improve at pace, OPEC – Modestly negative monthly update. See table in the Commodities […]
. . Market Sentiment Watch: U.S. / China relations sink a little further as the U.S. retaliates (no specifics) and Trump says a Phase 1 deal with China means very little to him now and that’s he’s not sure if he wants to make a deal with China now. Russia says it has registered its […]
. . Market Sentiment Watch: All eyes on jobless claims today to make sure we don’t see an uptick (initial claims have been grinding lower for weeks now), Covid-19. We’re seeing more countries and U.S. states rollback re-openings. In the U.S. new case highs have been set almost daily this week and our sense is […]
. . Market Sentiment Watch: U.S. announces 50,000 cases in a day, California is rolling back most bar and restaurant openings for another 3 weeks; not great for gasoline demand when you look at Texas and Florida rollbacks but again the data will be telling over the next few weeks. Fauci highlight the Oxford vaccine […]
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