. . Market Sentiment Watch: Market needs a pause in our view, Energy eyes warily watching OPEC+ comments prior to the meeting next week (which may or may not get delayed). Please also note our product glut comments noted below. Air travel showing some more signs of a heartbeat. In today’s post please find: the…
Category: wpx
Thursday Morning – Earnings Avalanche Day 2
. . Market Sentiment Watch: Did not know yesterday was National Nurses Day. Definitely a loud shout out to all nurses with a big thank you! This is a high volume reporting day. Some of our comments are more brief than usual. If something is not clear please ask in the comments section. In today’s…
Wednesday Morning – WPX
. . Market Sentiment Watch: Mnuchin says unemployment could reach 20% without action. The U.S. is working on a plan to get money into the hands of households ASAP. Jobless claims tomorrow and next week may be eventful for the first time in a long time. China says new Covid-19 cases have ground to a…
Thursday Morning – Earnings Avalanche in the face of Virus Fear Market Drop
. . Market Sentiment Watch: Sloppy market conditions to continue after the U.S. announces first apparent community transmission of the virus. Administration officials put a vaccine at 12 or more months out. International spread also breading additional market panic. Meanwhile, in the energy space oil continues to sink as demand continues to slow and we…
Wednesday Morning – WIOWIO 4
. . Market Sentiment Watch: All eyes on Trump and Iran. De-escalation at hand? In today’s post please find comments on the Iran/Iraq/U.S. situation (Z4 Overnight Poll U.S. reaction results point to warning but no action), the oil inventory preview (consensus looking for another week of crude draws and product builds; after the close API…