#inflation #US #Fed #Global #IMF By Bruce WD Barren, Economist with Paul Ebeling, Analysts Over the past week I have been interviewing international economist Bruce WD Barren about the coming inflationary effects of Mr. Biden’s outlandish policies, below is what I learned, as follows: The Story: In the US economy, the real annual inflation rate […]
$USO $OIL WTI Crude Oil prices spiked Tuesday, as some European and Asian countries along with several US states began to ease C-19 coronavirus lockdown measures. The rally extended Brent Crude Oil gains to 6 days running, while US WTI Crude Oil has rallied for 5 straight sessions. Fuel demand worldwide was down about 30% in […]
$DIA $SPY $QQQ $RUTX $USO $UGA $VXX This Crude Oil market is seeing declines despite OPEC +’s recent major deal to cut output as oversupply in light of the fight against coronavirus that has halted most of the global demand for Crude Oil. Monday, global Crude Oil prices fell to marks not seen since Y […]
$GM $F $FCAU President Trump to relax ambitious Hussein Obama-era vehicle mileage standards and raise the ceiling on damaging fossil fuel emissions for years to come, gutting 1 of the United States’ single-biggest regulation for climate change. The Trump Administration is expected to release a final rule Tuesday on mileage standards through Y 2026, watering […]
$OIL $USO “This is a sudden, instant demand shock, the scale of the decline is unprecedented.” Gasoline becomes more affordable, just when Americans do not need it.” Global Crude Oil consumption is heading to the biggest annual contraction in history, as more countries introduce unprecedented measures to fight the virus outbreak. Travel bans, work-from-home, canceled […]
Protesters in Hong Kong threw Molotov Cocktails (gasoline bombs) and police fired tear gas Saturday in renewed clashes over anti-government grievances. Hong Kong is in the 4th month of sometimes violent protests that occur every weekend. They started with opposition to a proposed extradition law and have expanded to include demands for greater democracy. Most […]
$DIA, $SPY, $QQQ, $RUTX, $OIL, $USO, $VXX Wall Street closed lower, Crude Oil prices spiked after attack in Saudi Arabia The attack knocked about 5.7-M BPD out of production, leading to the biggest 1-day gainer in WTI Crude Oil ($62.88/bbl, +$8.00, +14.6%) since Y 2008. Saudi Arabia expected to restore about 33% of lost production […]
$UGA Tight gasoline supplies on the US East and West Coasts have left both regions vulnerable to potential price spikes at the pump ahead of the peak Summer driving season. Supplies on both coasts are at seasonal 5-year lows as the Memorial Day Holiday weekend starts, the unofficial beginning of Summer. The Memorial Day weekend […]
$RACE FLASH: 60% of Ferrari’s lineup will offer hybrid variants by Y 2022 Ferrari (NYSE:RACE) is aligned with the times, we are about to see a shift in the company’s offerings in the next 10 years. Ferrari’s next-generation hybrid will be unveiled this year according to comments made by Ferrari CEO Louis Camilleri during its latest […]
$RACE,$MS Ferrari (NYSE:RACE) could produce some all-electric cars, it will not renounce its commitment to internal combustion, because racing runs on gas. Racing has always been and continues to be everything to Ferrari Traditionally, Terrari scoffed at EVs. But it is true that the iconic Italian automaker added hybrid-electric technology to its ultra expensive HyperSuperCar […]
$DIA, $SPY, $QQQ, $RUTX, $VXX US wholesale prices fell last month on a steep fall in gasoline prices suggesting that inflation will remain tame in the coming months. The Labor Department said that the producer price index, which tracks cost changes before they reach the consumer fell 0.2% in December from the prior month. The drop […]
For Tesla (NASDAQ:TSLA) Winter is Trouble $TSLA For Tesla (NASDAQ:TSLA) there is chance to end the year on a high note, but Winter is coming and in much of the US pre-Winter is here. 1-H of Y 2018 was disappointing for Tesla given the many M-3 delays, the company did deliver a profit in Q-3, […]
Wholesale Prices Rise Most in 6 Years; Gasoline and Food Spike US wholesale prices rose by the most in 6 years in October, led higher by more expensive gas, food, and chemicals. The Labor Department said Friday that the producer price index — which measures price increases before they reach the consumer — jumped 0.6% in […]
US Economic Data Strong, Atlanta Fed Raises GDP View to 4.2% $DIA, $SPY, $QQQ, $RUTX, $USO, $VXX US stocks retreated Wednesday in a healthy Bull market pullback The US economy is expanding at a 4.2% annualized rate in Q-3, the Atlanta Federal Reserve’s GDPNow forecast model showed on Wednesday, following the release of the latest data […]
Today’s US Gasoline Prices Tapping at 4 Year Highs $UGA, $USO The next time you pull up to the pump to fill up as steadily rising gasoline prices you will learn they are near their highest marks since Y 2014. The price surge comes just ahead of the November midterm elections when California will vote […]
US Gasoline Prices Up, Inflation Rising $UGA, $USO US consumer prices rose less than expected in August as increases in gasoline and rents were offset by declines in healthcare and apparel costs, and underlying inflation pressures also appeared to be slowing. The US Labor Department said on Thursday its Consumer Price Index increased 0.2% last month after […]
Gas Stations are Out of Gas in Florence’s Path $UGA As Hurricane Florence strengthens, over 1.5-M ordered to flee Tuesday, more than 1.5-M people were ordered to evacuate their homes along the US southeast coast to escape Hurricane Florence, a major Category 4 storm expected to make landfall in the Carolinas later this week. Gas […]
Hurricane Florence Driving Crude Oil and Gasoline Higher $USO, $OIL, $UGA Crude Oil and Gasoline posted the biggest gainers since late June as Hurricane Florence threatened US East Coast fuel markets and sanctions began crimping Iranian Crude Oil exports. Crude Oil futures in New York climbed 2.5%, while gasoline futures popped higher by 2.8% Tuesday. […]
US DOE Offers 11-M Bbl Crude Oil from Strategic Reserve $USO, $OIL, $VLO, $PSX US Department of Energy (DOE) is offering 11-M bbl of Crude Oil for sale from the nation’s SPR (Strategic Petroleum Reserve) ahead of sanctions on Iran that may reduce global supplies of Crude Oil The delivery period for the proposed sale […]
US Producer Price Index Flat, Restraining Inflation Fears $DIA, $SPY, $QQQ, $RUTX, $VXX US wholesale prices were unchanged in July after 2 months of increases, indicating inflation pressures have softened a bit. Thursday, the Labor Department said that the PPI (producer price index) which measures price changes before they reach the consumer increased 3.3% last month […]
President Trump Shreds Hussein Obama Fuel Mileage Regulation $UGA, $USO The Environmental Protection Agency and National Highway Traffic Safety Administration jointly proposed Thursday to cap fuel economy requirements at a fleet average of 37 mpg starting in Y 2020. Under the Hussein Obama plan, the fleet-wide fuel economy would have risen to 47 mpg by […]
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 […]