Monthly Archives: April 2018

March 2018 Labor Market Survey: Greater Job Stability And That Fe

from the New York Fed The Federal Reserve Bank of New York’s Center for Microeconomic Data released the March 2018 SCE Labor Market Survey, which shows a decline in the proportion of individuals who searched for a job, and in the average full-time offer wage. Satisfaction with nonwage benefits and promotion opportunities both improved slightly. Regarding…

This Giant Industry Is Starving For Capital

Following directly on from the discussion last week about capital formation in the resource industry, our in-house mining expert Jamie Keech and I today dig deeper into the current capital starvation in the resource industry and much, much more. Here are some things we discuss, which we believe are “uber importante” for investors today: One geopolitical setup…

Natural Gas Retreats From Recent Highs

May natural gas prices retreated from their recent highs set yesterday, settling down around half a percent on the day today.  The entire front of the strip came under a bit of selling pressure, generally settling down slightly more than a cent.  Meanwhile, Henry Hub cash prices remained quite firm on the day.  With cash…

WTI/RBOB Extend Gains After Surprise Inventory Draws

Despite geopolitical risks seemingly ebbing, WTI/RBOB rebounded today on hopes OPEC would extend output cuts and extended gains after API reported surprise draws across the entire energy space. Additionally, Bloomberg points out that Alberta’s plan to cut crude and fuel shipments to British Columbia could ripple across the entire west coast of North America, causing pump prices to surge and…

The Big Four Economic Indicators: Industrial Production Up 0.5% I

  Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method. There is, however, a general belief that there are four big indicators that the committee…