24
Sep

Monday Morning

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Market Sentiment Watch:  Oil rose in the wake of the OPEC+ meeting yesterday in which no increase in output was agreed upon or viewed as currently needed. Brent is at a 4 year high this morning.  Both Brent and WTI are now seen by major trading houses as in danger of potentially trading sharply higher through year end. Expect a presidential tweet on oil today. In today's post please find The Week That Was and some other odds and ends. 

Ecodata Watch:

  • We get the Chicago Fed at 8:30 am EST (no forecast, last read was 0.13).

The Week Ahead: 

  • Tuesday - Case-Shiller home prices, consumer confidence, 
  • Wednesday - New home sales, FOMC and Jerome Powell (quarter point hike expected),
  • Thursday - Jobless claims, 2Q GDP revision, durable goods, pending home sales, 
  • Friday - Personal income, consumer consumption, core inflation, Chicago PMI, consumer sentiment.  

In Today’s Post:

  1. Holdings Watch
  2. Commodity Watch
  3. The Week That Was
  4. Stuff We Care About Today 
  5. Odds & Ends

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23
Sep

Wrap – Week Ended 09/21/18

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The ZLT ended up 5% on the week. 

Questions and comments under The Wrap will be addressed in the Monday Post. 

The Blotter is updated. 

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21
Sep

Friday Morning

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Market Sentiment Watch: Energy market eyes focused on OPEC+ in Algiers on Sunday.  In today's post please find the the natural gas review (essentially in line build that kept the deficit to the five year average within a short put of 600 Bcf; gas responded favorably, next week look for a smaller injection), requested comments and a cheat sheet update for now pure play Delaware player, and some other odds and ends. 

Ecodata Watch:

  • We get Markit Manufacturing and Services PMIs at 9:40 am EST (no forecasts, last reads wer 54.7 and 54.8 respectively). 

In Today’s Post:

  1. Holdings Watch
  2. Commodity Watc​h
  3. Natural Gas Inventory Review 
  4. Stuff We Care About Today - REN
  5. Odds & Ends

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20
Sep

Thursday Morning

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Market Sentiment Watch: Certain energy groups finding traction on firm oil, better differentials in the Permian, and less fear surrounding service activity levels. In today's post please find the oil inventory review (record throughput for time of year, record low net imports for time of year, strong product demand), the natural gas preview (no significant deterioration of the deficit to the five year average expected this week), requested comments and a cheat sheet update for LPI, and some other odds and ends. 

Ecodata Watch:

  • We get jobless claims at 8:30 am EST (F = 208,000, last read was 204,000), 
  • We get Philly Fed at 8:30 am EST (F = 19.6, last read was 11.9),
  • We get existing home sales at 10 am EST (F = 5.37 mm, last read was 5.34 mm),
  • We get leading economic indicators at 10 am EST (no forecast, last read was 0.6%). 

In Today’s Post:

  1. Holdings Watch
  2. Commodity Watc​h
  3. Oil Inventory Review 
  4. Stuff We Care About Today - LPI
  5. Odds & Ends

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19
Sep

Wednesday Morning

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Market Sentiment Watch: Quiet news flow day. In today's post please find the oil inventory preview, the natural gas inventory preview, comments and an updated pro forma cheat sheet for SWN, and some other odds and ends. 

Ecodata Watch:

  • We get Housing Starts at 8:30 am EST (F = 1.243 mm, last read was 1.168 mm),
  • We get Building Permits at 8:30 am EST (no forecast, last read was 1.303),
  • We get the current account deficit at 8:30 am EST (no forecast, last read was -$124 B).

In Today’s Post:

  1. Holdings Watch
  2. Commodity Watc​h - with oil and natural gas inventory previews
  3. Stuff We Care About Today - SWN
  4. Odds & Ends

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