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
Negative U.S. Rates?… WSJ
Gunjan Banerji, Wall Street Journal, has a nice piece, here, on traders playing the possibility of negative interest rates in the US (but don’t forget
Ivy League Endowment… Bloomberg
Managing money isn’t easy... Here is Michael McDonald and Janet Lorin, Bloomberg: “Endowments at the richest schools have been shaving bets on U.S.