Jason Schenker
Jason Schenker
continued economic growth huge inflation likely next week
Next week is a huge week for data, and it is likely to show continued economic growth and inflation well under control.
announced beginning decision exert impact next somewhat statements week
OPEC's statements and quota decision announced at the beginning of next week could exert a somewhat bearish impact on prices.
due energy following higher last next risk suit upside week
After the PPI bounced last week due to higher energy costs, there is a big risk of the CPI following suit next week. There is significant upside risk there.
certainly data earnings market piece points report retail sales solid stock weeks
The retail sales report was the most significant piece of data we had in weeks and that certainly had the stock market going. It points to a solid first quarter, with earnings growth.
average couple higher last likely moving prices saw toward volatile weeks year
A couple of weeks ago we saw prices were moving toward $70 again. This is a very volatile marketplace but I think on the whole we are likely to see the average price this year higher than last year.
economic katrina number resilience robust service shown survey wake
The ISM service survey joins a number of economic indicators that have shown robust economic resilience in the wake of Katrina and Rita,
health likely near overall
In the near term, the overall health of inventories is likely to be important.
held prices worries
Prices are being held up by worries about gasoline.
above justify prices production remain tough
If prices remain above 60 dollars, it will be tough for OPEC to justify a production cut.
companies oil profit stand
The companies stand to do some profit because the oil is already there. All they have to do is take it off the ground.
employment ill
The employment index, however, declined. This could bode ill for October's payrolls.
anticipate bubble homes
If there were a lot of homes in inventory, we could anticipate a bubble bursting, but there isn't,
consuming countries energy moving power shocks supply
Geopolitical power is moving from energy consuming countries to the producers. We may see more of these supply shocks in the years ahead.
accurately captures couple hope market months
After a couple of months of overestimating, we redid our modeling. We hope this more accurately captures what's going on in the market place.