The Wall Street Journal’s “The Daily Shot” includes a chart that suggests commodities are undervalued vs. equities... Is this a meaningful
From the file of unintended consequences…
Economic analyses can drive one batty sometimes, but here is a study which suggests a “first do no harm” approach for public policy... The paper, “Be
Ed Yardeni on CNBC…
Dr. Ed makes the bullish case for stocks, but listen to his commentary on the Fed, from CNBC here...
US petroleum, products stock levels… EIA
Note that distillate stocks are tight relative to 5 year averages... The report is here...
US Bacon Pile is Biggest in 48 Years… Bloomberg
Lydia Mulvaney and Dominic Carey, Bloomberg discuss the glut of pork bellies, the sharp increase in the hog heard and Expected strong demand from
The Short-Vol Trade… Bloomberg
I enjoyed reading this piece by Like Kawa and Yakob Petereil, Bloomberg, on how returns on short vol trades (in equities) is declining... Coming to
Natural gas policy in NY State… WSJ
From the editorial page of the Wall Street Journal, discussing NY State policy concerning natural gas, here: ”Mr. Cuomo wants to make New York
Bullish bets at 9 month low… WSJ
Sarah Toy, Wall Street Journal, analyzes the CFTC futures data, here... ”Bets on rising U.S. oil prices have hit a nine-month low, underscoring
Gulf of Mexico output expected 2 mbd in 2020…Houston Chronicle
From Jordan Blum, Houston Chronicle, here... “The Gulf of Mexico is churning out oil at record highs each year and will average 2 million barrels