https://www.zerohedge.com/markets/sp-500-futures-had-bad-week-worse-lies-ahead S&P 500 Futures Had a Bad Week, Worse Lies Ahead By Mark Cranfield, Bloomberg Markets Live commentator and analyst S&P 500 futures have a distinctly bearish tone after a week of whiplash trading, which began with the post-Thanksgiving Day meltdown. Though it hasn’t been a one-way street lower, intraday bounces for the contract have been fadingContinue reading ““Six-one going down, Six-one going down. Hold on!””
Category Archives: Commodities
Bonds Away!
The US bond market may be closed, but it was fully open in China, and locals took advantage of this fact to do one thing: sell. In the aftermath of our viral post “”Catastrophic” Property Sales Mean China’s Worst Case Scenario Is Now In Play“, China property firms bonds were hit with another wrecking ball onContinue reading “Bonds Away!”
Coal for Christmas – China’s Supply Chain in Crisis
Human Terrain: https://fortisanalysis.substack.com/p/coal-for-christmas In mid-April 2021, I began receiving reports from sources in China and the United States that certain regions in China had begun to experience ongoing power disruptions at their warehouses and manufacturing facilities. Most notable of these was in south China’s Guangdong megaregion, where in June operations at the Taishan Nuclear PowerContinue reading “Coal for Christmas – China’s Supply Chain in Crisis”
Die Deutschen brauchen das Gas. Or, if you prefer …Немцам нужен газ
Here’s Tom Luongo spelling out the obvious: https://tomluongo.me/2021/07/24/nordstream-2s-hard-lesson-in-reality-for-everyone/ Nordstream 2’s Hard Lesson in Reality for Everyone For more than six years everyone who is anyone in a politically sensitive position in Europe and the U.S. has wrung their hands over the Nordstream 2 pipeline. From the moment it was announced the howls of pain couldContinue reading “Die Deutschen brauchen das Gas. Or, if you prefer …Немцам нужен газ”
Will there be blood?
Simon Watkins explains some oil realities: https://oilprice.com/Energy/Energy-General/The-Real-Reason-Oil-Prices-Arent-At-80.html The Real Reason Oil Prices Aren’t At $80 By Simon Watkins – Jul 21, 2021, 8:00 PM CDTTrade Oil Futures And Energy Stocks The UAE’s awarding last week of a slew of huge drilling contracts aimed at increasing its crude oil output capacity from around 4 million barrels per dayContinue reading “Will there be blood?”
The Blackouts That Go With Going Green
With the Modern Solar Minimum upon us, better get used to colder winters over the next 3 decades. Solar Cycle 24 (December 2008 – December 2019) is recorded as the weakest in magnitude since 1957 (Hajra, 2021). That cycle is consistent with the so-called “hiatus” that ran through 2013. Here is how Cycle 24 fitsContinue reading “The Blackouts That Go With Going Green”
Solar Minimum and Plunging Cold
Europe has been taking it on the chin this month pushing up European power and gas prices to their highest levels in years, and record spikes in power markets. “The current cold spell in the northern hemisphere is paving way for a tighter global gas market throughout the year,” said Massimo Di Odoardo, director ofContinue reading “Solar Minimum and Plunging Cold”
Capped Demand
Per WSJ: Global appetite for oil will remain subdued in the first quarter of 2021 due to coronavirus lockdown measures and rising infection rates, the Organization of the Petroleum Exporting Countries said Thursday. In its monthly report, OPEC maintained its forecast that world oil demand in 2021 won’t recover to the levels seen before theContinue reading “Capped Demand”
Chinese Corn Prices Accelerate
“China imported 1.1 million tons of corn in September, a jump of 675% from a year earlier, according to official customs data. That was the highest level since 2016. Between January and September, inbound shipments climbed 73% to 6.67 million tons, the highest since at least 2005, data showed.” https://www.bloombergquint.com/china/china-s-2020-corn-imports-are-already-the-highest-in-15-years#:~:text=China%20imported%201.1%20million%20tons,at%20least%202005%2C%20data%20showed.
Econophysics2020 