President Trump, “Oil Prices are too high, Not good” $USO, $OIL, $UGA “An SPR release would have a psych impact on the market. It may not translate into lower gasoline prices, but it would immediately bring down Crude Oil prices until the market adjusts” The Trump Administration is considering tapping into the nation’s emergency supply […]
US Gasoline Prices Falling $UGA, $USO The average price of a regular gallon of gasoline fell 6c over the past 2 weeks, to $2.95. That’s the 1st drop in nearly 4 months. Industry analyst Trilby Lundberg warns that the decline could be temporary. We do not see it, we see gasoline prices moving lower. Ms. […]
US Stocks Finish Flat to Unchanged Ahead of Memorial Day Weekend $DIA, $SPY, $QQQ, $VXX US consumer sentiment according to a University of Michigan (MSI) report Friday. Consumers anticipated income gains of 1.6%, down from 2.2% in April and 2% last year 51% expected the jobless rate to stabilize at current 18-year lows Inflation rate […]
Look at the US Economic Reports Going into Earnings Season $DIA, $SPY, $QQQ Economic Growth and Investment The latest industrial production report was much better than expected and positive on multiple levels. Overall production was up 1.1% while the manufacturing component was up 1.2%. Probably more importantly, the improvement in manufacturing was centered on business […]
Californians Fleeing Jerry Brown’s Sanctuary State California is a Key battleground state on the issues of immigration reform and protecting illegal immigrants in sanctuary cities. The state’s progressive Democratic Governor Jerry Brown has approved a law that prevents police from inquiring about immigration status and curtails law enforcement cooperation with federal immigration officers. The Golden […]
US Crude Oil Production Tops 10-M BPD $USO US Crude Oil stocks rose more than expected last week, while gasoline and distillate inventories fell, the Energy Information Administration (EIA) said Wednesday. US Crude Oil production rose 384,000 BPD in November to 10.038-BPD, the Energy Information Administration said in a monthly report Wednesday. The level was just […]
President Trumps Infrastructure Plan Shaping Up Jobs, Jobs, Jobs The Trump Administration is finalizing its long-awaited infrastructure plan, which pushes most of the financing of projects to private investment and state and local taxpayers. President Trump, who spoke of improving US infrastructure during his Y 2016 campaign, may preview the plan in his 30 January […]
This is a Strong Start for The Trump Economy Beginning last Spring, US GDP has averaged about 3%, that is much stronger than either during the Bush (43) or Hussein Obama (45) Presidencies. This Winter, consumers are likely to pull back some and pay off credit-card balances accumulated during the holiday shopping season. Then, with […]
Inflation is Back, Meaning Growth is Back $DIA, $SPY, $QQQ, $VXX Underlying US consumer prices increased in October on the back of a pickup in rents and healthcare costs, bolstering the view that a recent dis-inflationary trend worrying the Fed probably had ended. The rise in the consumer price index, excluding the volatile food and […]
US Fuel Economy Standards Unrealistic $F, $GM, $TM, $FCAU, $VLKAY, $HMC The Trump administration is continuing its efforts to roll back Obama-Era regulations, and the Clean Power Plan may be next. The signature plan under former President Barack Hussein Obama was finalized in Y 2015 as part of ongoing efforts to fight climate change. The rule required […]
More Flooding Ahead for Texas, Losses Mounting $USO, $UNG, $UGA The flood waters deepen in Houston, the Hub of the US Crude Oil industry. As floods inundated the nation’s 4th-largest city Monday, with an estimated 20 ins of rain still to come, predictions of damage ranged as high as $100-B. Wall Street and Washington braced […]
US Market’s Finished Flat to Unchanged, Harvey the Focus $DIA, $SPY, $QQQ, $VXX The S&P 500 and DJIA finished flat to unchanged Monday, with energy and bank shares lower as Tropical Storm Harvey crippled the US energy hub in Texas. Harvey, the most powerful hurricane to strike the US state in more than 50 years […]
Doubt Cast on Tesla’s (NASDAQ:TSLA) Production Capabilities $TSLA, $AXL, $F, $GM, $MGA, $DLPH, $BWA, $RACE The world’s top auto-parts suppliers do not buy the enthusiasm about the EV hyped by Tesla’s (NASDAQ:TSLA) hypemeister CEO Elon Musk. Executives at 5 of the 25 biggest suppliers to automakers in North America have all downplayed this month expectations […]
Trump Rally Extends, Inflation Under Control In The US $DIA, $SPY, $QQQ, $VXX Lower costs for gas, airline tickets, new & used cars and wireless mobile phone plans kept US consumer prices flat in June. US inflation is still muted. The unchanged reading followed a drop of 0.1% in May, the US Labor Department said […]
Top 10 Countries with the Cheapest and Most Expensive Gasoline Prices The price of Crude Oil has remain volatile in recent months, even as the supply glut continues amidst stagnating demand. Although the Organisation of Petroleum Exporting Countries (OPEC) along with other major Crude Oil producers agreed to maintain output cuts until early next year, […]
Crude Oil Posts Longest Run of Weekly Losses Since 2015 $USO, $OIL, $BAC Crude Oil posted the longest run of weekly losses since August 2015, as OPEC member Libya restored production and the surplus in the US shows little sign of slowing or halting. Last week futures finished down 2.4% on the week, a 4th […]
GM (NYSE:GM) Ramps up Bolt EV Production $GM, $TSLA General Motors Co (NYSE:GM) is ramping up production of Chevrolet Bolt electric cars at a factory north of Detroit and is on track to start delivering vehicles as promised by the end of the year, company officials said Friday. GM will be 1st to offer an […]
Consumer Confidence Dims on Economy $DIA, $SPY, $QQQ, $VXX Consumer confidence slid in July from the prior month on dimmer views of the US economy’s prospects and lingering concerns among higher-income earners about global market conditions. The University of Michigan said Friday that its final index of sentiment (MSI) declined to 90 this month from […]
“Zero Emissions” from Electric Vehicles is Bunk $TSLA Electric vehicles (EV) are seen by many as the harbinger of an environmentally Neutral future. Industry as assure consumers of “Zero Emissions,” and US President Barack Hussein Obama promised a 1-M on the road by Y 2015. Another, failed promise from the “Hopemiester” as less than 450-K […]
People are Asking, “Are Electric Cars the Future of Motoring?” $GM, $TSLA, $DDAIF, $BMW:DE, $POAHY Not too long EV’s (electric vehicles) were a rarity on the road and the track, and dream of hardcore environmentalists. That seems to be changing now and consumers are to believe the media hyperbole and some industry experts, EV’s will […]
Wednesday’s Outlook for WTI & Brent Crude Oil $USO, $OIL Tuesday, Wall Street saw a choppy day, warring between weaker US macro-economic data and firm energy prices. Despite falling early in the day, both DJIA and S&P 500 indices marked gains at the end of the day, adding +0.07% and +0.19% respectively, but the NAS […]
Tesla’s (NASDAQ:TSLA) Hype Cycle Over, Deposits Banked, Must Deliver $TSLA, $GM, $F, $VLKAY, $AAPL The evening of the “debut” Elon Musk ushered 3 Tesla Model 3 prototypes rolled on stage. And there he announced to his rabid fans that Tesla had taken in more than 115,000 reservations that day, each with a $1,000 deposit sight […]