We’ll watch the EIA’s Weekly Petroleum Status Report to see if the most recent number is sustained... Here is the Wall Street Journal with the
Thomas Friedman on Soleimani… NYTimes
Do read the whole thing here...
Yesterday’s action in WTI options…
Implied vol moved higher on yesterday's sharp price move, but not by much... Feb settled at 26.9 +2.5, March, 26.8 +2.0 based on at the money
2019 WTI options summary…
Average daily volume in WTI options was almost 30% lower in 2019 vs 2018 with 124,012 trading... Implied vol averaged 31.25 with the high, 53.0,
Markets in 2019… NY Times
“You couldn’t lose money if you tried”... This from Matt Phillips, The NY Times, reporting on returns of various asset classes in 2019... Here is the
Plains Cactus II Ramps Up… RBN Energy
From the always excellent, RBN Energy (do read the whole thing), here... ”With stock prices for most Permian producers mostly lower than they were
Gasoline consumption vs. GDP… WSJ
From the Wall Street Journal, here... ”Among the reasons for the national decline are migration to dense urban areas; young adults’ preference
Forget Stock Market Forecasts… NYTimes
Jeff Sommer, NY Times, discusses how bad stock market forecasts are, here... He relies on research by Bespoke’s, Paul Hickey: “Paul Hickey, a
Quirky markets, balsa wood… Financial Times
The Financial Times has a piece on some “quirky markets” that have moved higher in 2019, here... Italian wine, KFC Japan, balsa wood (used in making