Global Macro Perspectives
Apparently it is all about the weather. From the Press release: Lawrence Yun, NAR chief economist, said weather is likely to impact housing data. “January pending sales, though still higher than one year ago, remain much lower than expected given that a large number of potential buyers are eligible for the expanded home buyer tax […]
Initial jobless claims fell 27.000 to 469.000. The consensus was at 475.000. Chart 1. Initial Jobless Claims
Working gas in storage fell 116 Bcf from the previous week. It is almost certain now that the stockpiles are not depleted enough to balance the market this year. Apparently we will have another difficult year for natural gas price. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5-year […]