Initial Jobless Claims Fell 15.000
Initial jobless claims came out at 442.000. The consensus was at 450.000. Chart 1. U.S. Initial Jobless Claims
Archive for March, 2010
U.S. Petroleum Weekly – 24 March 2010
Crude oil stocks rose 7.2 million barrels for week ending 19 March; Gasoline stocks fell for 2.7 million barrels; Distillate stocks decreased 2.4 million barrels; Propane/propylene stocks were flat; Other oils stocks decreased 1.1 million barrels; Total crude oil and petroleum stocks increased 0.4 million barrels. Refinery utilization rose from 80.6% to 81.1%. Crude oil […]
New Home Sales Fell 0.3% In February
New home sales fell -0.3% in February to 308.000, consensus was at 315.000. The disappointing news on U.S. housing continue… Chart 1. New Home Sales
Durable Goods Orders Rose 0.5% In February
Durable good orders rose 0.5% in February vs. 1% consensus and 3% rise in January. Transportation taken out the figure was 0.9% vs. -0.6% in January. Chart 1. U.S. Durable Goods Orders Chart 2. U.S. Durable Goods Orders Ex. Transportation
Everything Is Just Fine
Well, S&P 500 is moving steadily to 1200. Equity markets are disregarding anything happening in the real world, both positive or negative. VIX, together with historical volatility is flirting with the post Lehman lows. Everything is just fine. It looks nothing will change, but I’m sure it will. Chart 1. S&P 500 Chart 2. VIX
Existing Home Sales Fell 0.6% In February
Existing home sales fell 0.6% to 5.02 million SAAR. Consensus was at 5.0 million. Chart 1. Existing Home Sales
Rig Count Weekly March 23, 2010
The number of natural gas drilling rigs steadily increasing; bad news for natural gas price. Chart 1. Baker Hughes U.S. Rig Count Change Chart 2. Baker Hughes Weekly U.S. Rig Count Chart 3. Baker Hughes Monthly World Rig Count
New Week Intro March 22, 2010
Important U.S. earnings this week: Monday: Phillips-Van Heusen (PVH), Volt Information Sciences (VOL), Texas Instruments (TXN), Williams-Sonoma (WSM), Tiffany & Co. (TIF), Scholastic Corporation (SCHL) Tuesday: Darden Restaurants (DRI), Progress Software (PRGS), KB Home (KBH), Jabil Circuit (JBL), Sonic Corp (SONC), Walgreen (WAG), Carnival (CCL), Adobe Systems (ADBE) Wednesday: Red Hat (RHT), Paychex (PAYX), General […]
Dry Bulk Weekly – 21 March, 2010
Baltic dry index fell 3.6% in the last week due to massive 18.6% drop in Capesize Index. Panamax, Supramax and Handysize Index ended all in positive territory. The Capesize Index fell due to increased supply of available vessels which outnumbered the also increased number of cargoes needed to be transported and due to capsize/panamax substitution […]
Tanker Weekly – 20 March, 2010
Baltic Dirty Tanker Index rose 16.0% last week while Baltic Clean Tanker Index fell 4.6%. Strong demand for crude transportation, weak for products. Interesting, on shore storage near record levels, a lot of oil traveling on tankers, contango easing (lower roll yield for oil stored on sea). I would say we are heading towards short […]
U.S. Natural Gas Weekly – 18 March 2010
Working gas in storage fell ONLY 11 Bcf from the previous week. We probably see a new post Lehman low for the natural gas this spring or summer. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5-year Range
No Inflation
CPI less food & energy came out at consensus of 0.1%. Chart 1. Consumer Price Index Less Food & Energy MoM
Initial Jobless Claims At 457.000
Initial jobless claims came out at 457.000. The consensus was at 460.000. Chart 1. U.S. Initial Jobless Claims
Route 1200
As I already wrote; looks we are heading towards a breakout. Chart 1. S&P 500
U.S. Petroleum Weekly – 17 March 2010
Crude oil stocks rose 1 million barrels for week ending 12 March; Gasoline stocks fell for 1.7 million barrels; Distillate stocks decreased 1.5 million barrels; Propane/propylene stocks fell o.2 million barrels; Other oils stocks rose 1 million barrels; Total crude oil and petroleum stocks fell 2.4 million barrels. Refinery utilization fell from 80.7% to 80.6%. […]