CPI: Nov 13, 2019

Today is off to an interesting start.  Following Trump’s call for negative interest rates and more grandstanding on China in New York yesterday, headline CPI came in hotter than expected but right in line with our forecast. As we’ve discussed, this is the result of oil and gas trending sideways in support of the upcoming … continue reading →

Veteran’s Day: Nov 11, 2019

Today we celebrate America’s veterans. Please take the opportunity to thank a veteran in your life for their service and their sacrifice. There are many organizations dedicated to helping veterans which rely on charitable donations for the good work they do.  One of my favorites, the Michael J Novosel Foundation, was established to assist National … continue reading →

Because Appearances Matter

It’s not too surprising that there’s been a firm floor under oil and gas prices, given the upcoming Aramco IPO.  But, isn’t it funny how CL has popped above its SMA200 every single day this week, even in the wake of dismal inventory data? Just like it’s funny that ES, which pretty obviously should have … continue reading →