China NDRC Property Index Growth Topping Out
Housing and commercial real-estate prices in China rose 12.4% in May compared with record reading of 12.8% in April and 12% consensus. Chart 1. China NDRC Property Price Index – House Price YoY
Archive for June, 2010
U.S. Petroleum Weekly – June 10, 2010
Crude oil stocks fell 1.8 million barrels for week ending June 4; Gasoline stocks remained flat; Distillate stocks increased 1.8 million barrels; Propane/propylene stocks rose 1.2 million barrels; Total crude oil and petroleum stocks were 0.4 million barrels lower than the week before. Refinery utilization rose from 87.5% to 89.1%. Implied demand flat. Crude oil […]
MBA Mortgage Applications Down 12.2%
MBA mortgage applications fell 12.2% for week ending June 4, the prior reading was an increase of 0.9%. Chart 1. MBA Mortgage Applications
John Fredriksen Interview In Financial Times
Financial Times Links: Fredriksen explores other waters; Fredriksen poised to swoop on ailing groups. Probably most famous shipping tycoon shares his views on market outlook. Mr. Fredriksen famous on building Frontline, world largest tanker company, sold most of his shipping assets (currently he holds only stakes in Frontline (Tanker), Golden Destiny (dry bulk) and Golar […]
Monthly Strategy – June 2010
Little late…but better late then never… Equities Only extremely favorable economic data could change the negative trend established. This is highly unlikely. So I would say we will soon see S&P 500 at 900. On a macro level, the stimulus is wearing off, politicians and central bankers are not ready to continue with loose fiscal an monetary policies, just the opposite, austerity is […]
When I Was Away…
Belisarius was mentally away from the market as he was taking an industry exam… He is sorry for wasting half a year on that, but that’s a thing of a past now… Thanks to my much relaxed time schedule, the TaintedAlpha.com Blog will have receive some new and improved content and features in following weeks. Returning to the markets. Things don’t look good. The […]
Rig Count Weekly June 7, 2010
Number of oil drilling rigs fell for 10 for the week ending June 4, 2010: Number of natural gas drilling rigs fell for 20 rigs in the same time frame. Offshore drilling ban is a reason for a this kind of a drop. The number of offshore drilling rigs fell for 24, out of which 23 were […]
New Week Intro June 7, 2010
Important U.S. earnings this week: Monday: Alliance One International (AOI), Cascade (CASC), Urstadt Biddle Properties (UBA), Altera (ALTR), Thor Industries (THO), Biglari Holdings (BH) Tuesday: Cantel Medical (CMN), Take-Two Interactive Software (TTWO), CorVel (CRVL), Oxford Industries (OXM), Pep Boys – Manny, Moe & Jack (PBY), NCI Building Systems (NCS), Bob Evans Farms (BOBE), Stanley (SXE), […]
Dry Bulk Weekly – June 6, 2010
Baltic dry index fell 5.7% last week; The hardest hit sectors was Panamaxes with 8.7% loss and Supramaxes with 8.1% loss; Capesizes and Handysizes lost 2.1% and 3.5%. Expectations running high, stockpiles high, financial crisis threatening to cause a economic crisis. Iron ore prices sliding. It looks the things are slowing down in China. On the other hand ship prises rose […]
Tanker Weekly – June 06, 2010
Baltic Dirty Tanker Index fell 6.1%; Baltic Clean Tanker Index fell 6.3%. A reflection of the things happening in the capital markets… Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes