Jason Schenker
Jason Schenker
category continue count increase rest seen volatile
That's a very volatile category. We can't necessarily count on the increase we've seen in that category to continue the rest of the year.
appear inflation pressures
Is inflation dead? Not yet. If this moderating of inflationary pressures were to appear in the other reports, it could bode well for the economy.
barrel expect indication near point rational several spike totally trend
I totally expect to see $50 a barrel, at least in a spike to that level, at some point in the near future. We've been in an upward trend for several years, and I really don't see any indication of a reversal of that trend. $50 a barrel is a completely rational expectation.
apply continues decline downward imports iranian manifest next notion petroleum prices relatively remains rise situation week
If the rise in imports and utilization manifest this week continues next week, it could apply some downward pressure. Of course, any decline in petroleum prices would be predicated on the notion that the Iranian geopolitical situation remains relatively quiet.
above justify prices production remain tough
If prices remain above US$60, it will be tough for OPEC to justify a production cut.
believe despite impact market news
Despite the news of escalation, I think the market does not believe it's going to have a real impact on supplies.
continued domestic employment fuel further gains gross growth higher home interest mitigate product sales slowing solid strong
Strong continued gross domestic product growth and solid employment gains should fuel further home sales and may mitigate some of the slowing engendered by higher interest rates.
companies costs earlier earnings energy hurt increase market passing reacting reports seen sooner start stock strong
The stock market is reacting to the strong earnings reports we've seen earlier today. But sooner or later, companies may have to start passing through the increase in energy costs or be hurt by it.
blame higher oil tough
It's tough to blame (OPEC) for higher oil prices. I think they're doing what they can.
changes close fed high hike likely rate rates remains rising sitting stems talk
If it remains this close to 2 percent, then I think economically speaking, we're sitting pretty. I don't think this changes what the Fed does in May. I think another rate hike is likely then. But I think it stems the talk of rates rising as high as 5.25 percent, at least for now.
economy implicitly imply indicate industrial levels likely orders remain sector strong
Strong levels of unfilled orders imply a strong U.S. economy and implicitly indicate more manufacturing in the pipelines. Clearly, the industrial sector is likely to remain strong in the near- and medium-term.
core final pressures price producer rate report today
The most disconcerting part of the PPI report today was the rate of final core producer price pressures in January.
focus housing job likely might security talk
He is more likely to focus on geopolitical and security issues. But he might also talk about the job and housing markets.
biggest flooding headed heart hit prices records reports storm
One of the biggest hurricanes ever is headed for the heart of America's refining capacity. Prices will hit new records if we get reports of flooding and other destruction once the storm passes.