David Dietze, President & Chief Investment Strategist, outlines which sectors are best positioned to take advantage of lower oil prices.» Read More
China, the largest contributor to greenhouse gas emissions in the world, has been taking large steps to be greener. However, they now recognize that they may have more pressing issues to address, writes Stephen Schork.
The summer Natural Gas strip is trading at a significant premium to the nearby winter strip. For this point in the season that is odd. We could expect this contango in October....but to see this behavior so early in the year is, to quote everybody’s favorite Vulcan, highly illogical, writes Stephen Schork.
The fact that equities had a rare down week also weighed upon the energy complex. That is to say, even the equity market’s more enthusiastic Pollyannas had a hard time spinning last week’s headlines, writes Stephen Schork.
Another potential sign that crude oil is topping out was my appearance last Friday night on the Kudlow Report, writes Stephen Schork.
U.S. supplies of crude oil and petroleum products rose to the highest level for which the DOE provides weekly data. On top of this, demand fell off of the proverbial cliff, writes Stephen Schork.
Look Who’s Buying Natty Redux: We got a lot of feedback from yesterday’s blog post regarding the interest in the natural gas complex by passive investors and the positive knock-on to the NYMEX Henry Hub price path, writes Stephen Schork.
The Street is drunk on its own Kool Aid: Less bad was good last week… that is, if you’re of the mindset that a half-million people losing their job in April is good, writes Stephen Schork.
Was yesterday the proverbial blow-off top on the NYMEX? Time will tell.....That drive petered out as traders looked back towards equities and realized that they may have jumped the gun. The market plunged in the early afternoon, but momentum stalled exactly on Wednesday’s 55.46 pivot. Thus, if you are bullish WTI, you are still feeling pretty good about your view, writes Stephen Schork.
What started out as a bear market rally in equities back in March, is now in the process of morphing into a full fledged rally. Sidelined money, disgruntled and dismayed that it has missed the bull’s party of the last two months, is now reluctantly piling back into the market, writes Stephen Schork.
writes Stephen Schork.
Market bulls are behaving like a traffic cop after a horrific roadside accident. They are doing their best (and succeeding) at ushering the oncoming traffic along…just keep moving folks, nothing to see here, writes Stephen Schork.
"Spot contract up, deferred contracts up more. For a sixth week in a row, bullish momentum in spot crude oil in London stalled in the low/mid $50s," writes Stephen Schork.
Energy prices were mixed on Wednesday - oil markets moved higher because – you know why –because equities moved higher. Meantime, natty moved lower because – you know why – because unlike oil, the price path in natural gas correlates to its fundamentals… and not the stock market," writes Stephen Schork.
"Less bad is good…so goes the mantra of today’s bull. So goes the rationale for buying global shares…and so goes the motivation for buying oil," writes Stephen Schork.
"Energy prices were weak on Monday … as a potential influenza pandemic hung over the market. As we look ahead to today the market will look to take its marching orders from the equities, May natty’s expiry notwithstanding. In this vein, keep an eye on the U.S. consumer confidence and CaseShiller home indices," writes Stephen Schork.
There isn't anything I can add to the debate/worry over the swine flu scare. Hopefully it won't become the pandemic that the extreme case suggests.
Market bulls are like a traffic cop after some horrific roadside accident. They are doing their best (and succeeding) at ushering the oncoming traffic along… just keep moving folks, nothing to see here, writes Stephen Schork.
Designers emphasized the importance of fashion meaning something during the current recession and suggested consumers will focus on uniqueness and affordability which is what they offer.
Energy prices were mixed on Wednesday - crude markets bounced despite a reported surge in supply, while products fell because of a reported surge in supply, writes Stephen Schork.
The recent resilience shown by the oil markets is not because of any improvement in the global economy or rise in oil consumption. Instead, analysts said, oil is once again being sought by investors as a refuge against a slumping dollar and rising inflation.