Initial Jobless Claims At 457.000; Down 11.000
Initial jobless claims were reported at 457.000. The consensus was at 460.000, last week revised reading was at 468.000. Again, stubbornly high…. Chart 1. U.S. Initial Jobless Claims
Archive for July 29th, 2010
Lower Highs, Higher Lows
This is supposed to be bearish. Chart 1. S&P 500
U.S. Petroleum Weekly – July 29, 2010
Crude oil stocks rose 7.3 million barrels for week ending July 16; Gasoline stocks remained unchanged; Distillate stocks increased 0.9 million barrels; Propane/propylene stocks rose 0.5 million barrels; Total crude oil and petroleum stocks were 9.0 million barrels higher than the week before. Refinery utilization fell from 91.5% to 90.6%. Implied crude oil demand was […]