Rebecca Elliott and Luis Santiago, Wall Street Journal, do a great job summarizing a decade of fracking, here...
Historical/implied vol divergence, WTI…
Implied and historical (realized) volatility have diverged recently... Higher prices due to expected fewer OPEC barrels, perhaps a better world
Asian Exports… The Daily Shot
No surprise here, from the Wall Street Journal’s The Daily Shot:
Copper/Gold ratio as a predictor of rates… Bloomberg
Katherine Greifeld, Bloomberg, quotes hedge fund manager Jeffery Gundlach, here.... “Rallying copper tends to indicate demand for home-building and
Volatility Investing… Benn Eifert/Corey Hoffstein
Corey Hoffstein, Chief Investment Officer of Newfound Research, interviews Benn Eifert, founder of QVR Advisors on volatility investing. This is an
Euro emissions market update… FT
Anna Gross, Leslie Hook and Tanya Powley have a nice piece in the Financial Times on increased activity in carbon markets... Here is a chart of the
I Can See Clearly Now… WSJ
Here is Jeffrey Sparshott’s (Wall Street Journal) excellent piece on market clarity: Good Day Sunshine The unofficial mantra of the 2019
December Oil Market Report… IEA
Here are highlights from the IEA’s monthly Oil Market Report (my bold): Global oil demand increased by 900 kb/d y-o-y in 3Q19, the strongest
Supply/Demand balance… EIA
The EIA assumes a 500,000 bpd cut in OPEC production throughout all of 2020 in their December Short Term Energy Outlook released yesterday... Here is