Business Insider asks some money managers “What keeps you up at night?”, here:
Nobel Prize awarded to Richard Thaler… Marginal Revolution
Here is my “go to” blog, Marginal Revolution, on Richard Thaler: ”Thaler, with Kahneman and Knetsch, was a major force behind discovering and
US household spending for gasoline to remain below $2,000 in 2017… EIA
Correlation is not causation, but the chart below shows how household expenditures on energy (gasoline) seem to track the economy: Monetary and
Distillates supply/demand tightens..
From “This Week in Petroleum” here are current distillate stocks: And, compared to daily demand: Here is the price of heating oil
Fed Watch… Tim Duy
Professor Tim Duy, Professor, University of Oregon, from his FedWatch report: “Big data week ahead that ends with the employment report for
China, Bitcoin… The Economist
Despite a crackdown in bitcoin trading by China, the crypto currency has not totally collapsed... Here is a chart from The Economist: Here is
Interest rate risk to increase… FT Alphaville
FT Alphaville suggests Fed policy could bring volatility back to interest rates here... Do read the whole thing... Here is a chart of interest rate
Electric car blitz…. Bloomberg
David Welch, Bloomberg: "Here are two facts that defy logic: By the end of the year, electric-car maker Tesla Inc. will have burned through more
Hedge funds amass record bullish position in distillates… Kemp
John Kemp summarizes hedge fund positions in energy contracts here... These numbers are released Friday afternoons and are good as of the previous