Global Macro Perspectives
Crude oil stocks increased 2.1 million barrels; Gasoline stocks rose 4 million barrels; Distillate stocks fell 1.2 million barrels; Other oils flat; Total crude oil and petroleum products ending stocks up 5.9 million barrels. Refinery utilization rate again below 80%: at 70.66%. Last weeks tick up in utilization caused gasoline stocks rising. Total crude oil […]
ADP unemployment for November just came out at -169.000 vs. -209.000 last month. Similar as with jobless claims, the job loses are coming down, but U.S. economy is still losing jobs. The story of the day in the U.S. yesterdays was GM CEO Fritz Henderson resignation. The resignation followed the Motor Vehicle Sales but apparently […]
I am starting a monthly strategy overview to have my strategy in one place and a to test accuracy of my views. Written revisions and accommodations would also contribute to my investment discipline. Equities I have been surprised by the market strength as the market rejected the Dubai turmoil as a correction catalyst. This has […]