13
Aug
Tuesday Morning – FANG
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Market Sentiment Watch: Group trying to find traction as market watches for China trade clues (same story, different week). In today's post please find the early read on oil inventories (fairly benign looking set of numbers expected; we expect net imports to reverse course this week or next which should be interesting in the face of best levels of the year yet type refiner throughput), the very early read on natural gas inventories (consensus in line with last week's build, just above the five year average), post quarter comments and updated cheat sheet for FANG (never had more production BOE's backing each share and never traded for less on an Enterprise value to production basis), and some other odds and ends.
Ecodata Watch:
- The NFIB small business index came in at 104.7 vs 103.3 last month,
- We get CPI at 8:30 am (headline forecast = 0.3%, last read was 0.1%; core forecast = 0.2%, lat read was 0.3%).
In Today’s Post:
- Holdings Watch
- Commodity Watch
- Stuff We Care About Today – FANG
- Odds & Ends
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