Oil resumed a rally after an industry estimate pointed to a huge drawdown in US inventories, adding to signals the market is tightening. West Texas Intermediate climbed above $82 a barrel, overturning Tuesday’s 0.5% loss. The American Petroleum Institute reported that nationwide crude stockpiles plunged 15.4 million barrels last week, according to people familiar with the figures. If confirmed by government data later Wednesday, that would be the biggest draw in volumes terms in figures going back to 1982. Stephen Stapczynski reports on Bloomberg Television.
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24 Comments
Why isn't the west imposing secondary santions on India?
Buy energy stocks….
AS I'VE SAID MANY TIMES ALREADY THAT NOW THE BIGGEST EVER FINANCIAL IMBALANCED PROBLEMS BETWEEN THE AGGREGATE SUPPLY VS THE AGGREGATE DEMAND BASED ON STILL SUPER LOW INTEREST RATES OF THE CENTRAL BANKS ESP LED BY FED + BOJ + PBOC + ECB ——— >. THE COMMODITY PRICES AS I'VE SAID MANY TIMES ALREADY ESP LED BY GOLD + ENERGY HAVE NO OTHER DIRECTIONS BUT TO GOING UP AND UP AND UP AND UP AND UP FOR MANY YEARS TO COME!!!!!!!!!!!!!!!!!:)
ESP!!!!!:) —— > Dollar Strength a Headwind for Commodity Markets: Hynes < ———- IT IS 1000000000% WRONG MATH WHY? BECAUSE HIGH INTEREST ERA HAS FULLY STARTED AND IT WILL BE GOING ON AND ON AND ON AND ON AND ON AND ON FOR MANY MANY YEARS TO COME = THE HIGH INTEREST RATES + STRENGTH US$ ARE THE BIGGEST IMPETUS TO PUSH UP THE COMMODITY PRICES BECAUSE ——– > THERE WILL BE LESSER AND LESSER INVESTMENT INEVITABLY GOING ON AND ON AND ON AND ON AND ON FOR MANY YEARS TO COME —– > LESSER AND LESSER AND LESSER PRODUCTION OF THE COMMODITY ESP LED BY GOLD + ENERGY MEANS —– > COMMODITY PRICES ARE INEVITABLY GOING UP AND UP AND UP TO THE SKY!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
IT'S A SIMPLE THAT THAT UNDER SUPER LOW INTEREST RATE ENVIRONMENT BUT STRONG US$ MEANS ——— > US$'S POSITION AS THE BIGGEST TRADING CURRENCY WHATEVER ——— > CAN CONTROL THE PRICES OF COMMODITY BUT!!!!!!!!!!!!!!!!!!!!!!!!!:) ——– > IN COMBINATION OF STRONG US$ + HIGH INTEREST RATES ENVIRONMENT ESP UNDER TOTALLY BROKEN PHILLIPS CURVE ECONOMY —— > COMMODITY PRICES ESP LED BY GOLD + ENERGY HAVE NO OTHER OPTIONS BUT TO HIKE AND HIKE AND HIKE AND HIKE INTO THE SKY AS WE CAN SEE ESP LATIN AMERICAN ECONOMIES + NOW LATINAZATION ECONOMIES OF EU (+UK) + VERY SOON OR LATER US ECONOMY IS GETTING ON THE SAME PATH WITH EU + EVEN NOW JAPAN ECONOMY IS MORE AND FURTHER AND FURTHER SUFFERING FROM HIGH INFLATION THAT WILL BE GOING ON AND ON AND ON AND ON FOR MANY YEARS TO COME BECAUSE DO THE MATH THAT IRONICALLY NOW THE BOJ ON THE SURFACE THEY STILL CLAIM IT STICKS TO ITS MONETARY POLICY = THE ENDLESS OF YEN PRINTINGS BUT INDEED ——— > ALREADY UNDER SURFACE IT GAVE UP ITS MONETARY POLICY = (+) INTEREST RATE FROM (-) RATE!!!!!!!!!!!!:)
AS I'VE WARNED OF THE STOCK MARKET ALREADY THAT —— >. US Equities Are a Bit in La-La Land: UBS’s Zuercher < ——– THIS IS ONE OF THE BIG REASONS AS I'VE SAID ALREADY THAT WHY CHINA EXPORT WILL BE GOING WORSE AND WORSE AND WORSE BECAUSE NOT ONLY STOCK MARKETS OF USA + EU + JAPAN INCLUDING CHINA (+H.K)BUT ALSO ALMOST ALL OF THE STOCK MARKETS IN THE WORLD ——– > NOW THOSE STOCKS MARKETS IN THE WORLD ARE THE PERFECT DEFINITION OF CASINOS UNDER GETTING HIGHER AND HIGHER INTEREST RATES MEANS ———— > PEOPLE ARE RUNNING OUT OF MONEY TO SPEND BUT MORE AND MORE AND MORE SPECULATIONS INTO THE STOCKS + REAL ESTATES < ——- SO CONSUMPTION POWER IN REAL ECONOY HAS BEEN DOWN AND DOWN AND DOWN AND DOWN AS WE HAVE BEEN SEEING BUT MORE AND MORE AND MORE AND MORE INSANITY ABOUT STOCKS TO MAKE PROFITS BUT 99% PEOPLE NEVER WILL GET HEALTHY PROFITS MEANS —— > THEY ARE GETTING MORE AND MORE AND MORE AND MORE AND MORE INDEBTED SITUATIONS —– > SO CENTRAL BANKS HAVE NO OTHER OPTIONS BUT TO HIKE INTEREST RATES FURTHER AND FURTHER AND FURTHER OR NEVER STOP MOUNTING DEBT PROBLEMS UNTIL REAL ESTATE + STOCKS COLLAPSE ENORMOUSLY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
AGAIN AND AGAIN 0% EXAGGERATION THAT US$ + US T – DEBT ARE TOOOOOOOOOOOOOOO RISKY ASSETS TO HOLD THAT IF YOU HAVE MORE AND MORE AND MORE AND MORE HOLDINGS OF US T – BILLS MEANS YOUR DEBT PROBLEMS ARE MOUNTING AND MOUNTING AND MOUNTING AND MOUNTING INTO MANY YEARS TO COME!!!!!!!!!!!!!!!!!!:) WHY? BECAUSE US GOVERNMENT'S BUDGET DEFICITS ARE NOW SNOWBOWLING INTO MANY MANY MANY MANY COULD BE FOREVER YEARS TO COME!!!!!!!!!!!!!!:)
DO THE MATH THAT NOW US GOVERNMENT BUDGET DEFICITS HAVE BEEN MOUNTING LIKE A DOOM'S DAY THAT IN 2022YR ITS US BUDGET DEFICIT WAS +3.7% AGAINST ITS TOTAL GDP THAT IS 23T$ ——- > NOW BY THE END OF 2023YR IT IS SNOWBOWLING INTO WOW!!!!!!!!!!!!!! + 6.3% AGAINST ITS TOTAL GDP!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) —— > MAKE ANY SENSE????!!!!!!!!!!!!!!!!!!!!!!!!!!:) ——- > THE ANSWER IS NO!!!!!!!!!!!!!!!!!!!!!!:)
WHAT ABOUT NEXT YEAR 2024YR? + 2025YR? + 2030YR?? ——— >. DO THE MATH THAT NOW US GOVERNMENT BUDGET DEFICITS HAVE BEEN MOUNTING LIKE A DOOM'S DAY THAT IN 2022YR ITS US BUDGET DEFICIT WAS +3.7% AGAINST ITS TOTAL GDP THAT IS 23T$ ——- > NOW BY THE END OF 2023YR IT IS SNOWBOWLING INTO WOW!!!!!!!!!!!!!! + 6.3% AGAINST ITS TOTAL GDP!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) —— > MAKE ANY SENSE????!!!!!!!!!!!!!!!!!!!!!!!!!!:) ——- > THE ANSWER IS NO!!!!!!!!!!!!!!!!!!!!!!:)
THAT'S WHY AS I'VE CRITICIZED CREDIT RATING AGENCIES SERIOUSLY THAT INDEED THOSE CREDIT RATING AGENCIES DID NOT DO THEIR DUTY AS CREDIT RATING AGENCIES ESP AGAINST US + CHINA + JAPAN + EU+ UK = THOSE DEBT ARMAGEDDON ECONOMIES LED BY US$ + US T- DEBT MEANS ———- > HOLDING MORE AND FURTHER US T – DEBT = US$ IN OTHER WORDS ——- > MORE AND FURTHER AND FURTHER AND FURTHER AND FURTHER AND FURTHER DEBT CRISIS GOING ON AND ON AND ON AND ON IN ANY ECONOMIES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
AGAIN AND AGAIN ———- > US FED IS TOOOOOOOOOOOOOOOOOOOOO BEHIND THE CURVE!!!!!!!!!!!!!!!!!!!!!!!!!!:) IT WILL HAVE TO HIKE INTEREST RATE INTO MANY MANY YEARS TO COME AND NOW INDEED INFLATION IS GETTING BACK TO THE RANGE OF +4% – +5% BY THE END OF SEP < —— DO THE MATH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
PBOC ALSO IS GOING TO HIKE INTEREST RATES TO QUELL THE DEBT ARMAGEDDON IN CHINA ECONOMY!!!!!!!!!!!!!!!!!!!!!!!!:) OR ITS YUAN WILL BE DOWN TO THE RANGE OF 8YUAN MUCH FASTER THAN MARKET'S EXPECTATIONS!!!!!!!!!!!!!!!!!!!!!!!!:)
AGAIN THE OPEC + AND US SHALE & GAS PRODUCERS WILL CUT MORE AND FUTHER THEIR PRODUCTIONS BECAUSE OF GETTING HIGHER AND HIGHER AND HIGHER PRODUCTION COSTS FROM NOT ONLY HIGH INTEREST RATES BUT ALSO STILL TOO STRONG US$ ——————- > Dollar Strength a Headwind for Commodity Markets: Hynes < ———- IT IS 1000000000% WRONG MATH WHY? BECAUSE HIGH INTEREST ERA HAS FULLY STARTED AND IT WILL BE GOING ON AND ON AND ON AND ON AND ON AND ON FOR MANY MANY YEARS TO COME = THE HIGH INTEREST RATES + STRENGTH US$ ARE THE BIGGEST IMPETUS TO PUSH UP THE COMMODITY PRICES BECAUSE ——– > THERE WILL BE LESSER AND LESSER INVESTMENT INEVITABLY GOING ON AND ON AND ON AND ON AND ON FOR MANY YEARS TO COME —– > LESSER AND LESSER AND LESSER PRODUCTION OF THE COMMODITY ESP LED BY GOLD + ENERGY MEANS —– > COMMODITY PRICES ARE INEVITABLY GOING UP AND UP AND UP TO THE SKY!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
AS I'VE WARNED THAT SPECIFICALLY SINCE THE END OF 4THQ OF 2021YR THROUGH THE WHOLE YEAR OF 2022YR TILL NOW THAT —————- > THE BIGGEST EVER FINANCIAL ENGINEERING PROBLEMS = THE GIGANTICALLY IMBALANCE BETWEEN AGGREGATE DEBT VS AGGREGATE DEMAND VS AGGREGATE SUPPLY BASED ON STILL SUPER LOW INTEREST RATES = THE 100% BROKEN 'STATE OF EQUILIBRIUM' WILL INEVITABLY PUSH UP AND UP AND UP THE COMMODITY PRICES ESP GOLD + ENERGY (= OIL GAS COAL) IN MANY MANY MANY YEARS TO COME!!!!!!!!!!!!!!:)
AS I'VE SAID THAT CHINA GDP GROWTH FOR 2023YR WILL BE +3.0% +/- 0.5% < ———- BECAUSE AS WE CAN SEE FROM ITS DETERIORATING EXPORT OF CHINA WILL BE EVEN WORSE AND WORSE AND WORSE CONTINUOUSLY THAN EVER BECAUSE PEOPLE IN USA + EUROPE HAVE NO MONEY TO SPEND BUT SPECULATING STOCKS + REAL ESTATES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
JAPAN INFLATION AS I'VE SAID MANY TIMES THAT ——— > ITS INFLATION WILL BE UP TO THE RANGE OF +4% – +5% BY THE END OF SEP EVEN EXCLUDING ITS GOVERNMENT'S SUBSIDY < ———- BECAUSE THEY CANNOT GO HIGHER INTEREST RATES MUCH FASTER THAN NOW MEANS ———- > JUST LIKE FED + ECB, BOJ ALSO IS STUMBLING TO HIKE INTEREST RATE ESP AFTER (-) – (+) SO DO THE MATH —— > MORE AND FUTHER INFLATION PROBLEMS PERSISTING IN THE ECONOMY!!!!!!!!!!!!!!!:)
THAT'S WHY AS I'VE SAID THAT IT'S AN ENORMOUS TIME TO GO A HUGE SHORT SEGMENT BY SEGMENT BY SEGMENT FOR MANY MANY YEARS TO COME AGAINST ESP STOCKS (BONDS + REAL ESTATES OF USA CHINA EUROPE EVEN JAPAN AUSTRALIA S KOREA TAIWAN CANADA NZ SWISS OF COURSE UK ETC)
SEE?!:) THE BOJ IS SOOOOOOO SCARED OF ITS JGB 10YR YIELD GOING A NORMAL TRACK ———- > BASED ON +0.59% +/- YIELD THEY ALREADY ARE MAKING ANOTHER STUPID MISTAKE AGAIN AND AGAIN IN BUYING ITS JGB AGAIN MEANS —— > POURING MORE ENERGY TO PUSH UP THE INFLATION IN THE ECONOMY!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
Japan 10-Year Bond Yield Tokyo Currency in JPY 0.587 +0.032 (+5.67%) Real-time Data ——- > MEANS CHINA EXPORT WILL BE DOWN FURTHER AND FURTHER UNDERSTAND?!:) < —– DO THE MATH!!!!!:) ——— > SEE?!:) THE BOJ IS SOOOOOOO SCARED OF ITS JGB 10YR YIELD GOING A NORMAL TRACK ———- > BASED ON +0.59% +/- YIELD THEY ALREADY ARE MAKING ANOTHER STUPID MISTAKE AGAIN AND AGAIN IN BUYING ITS JGB AGAIN MEANS —— > POURING MORE ENERGY TO PUSH UP THE INFLATION IN THE ECONOMY!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
Japan 10-Year Bond Yield Tokyo Currency in JPY 0.587 +0.032 (+5.67%) Real-time Data < —— FURTHER UPSIDE OF COMMODITY PRICES < —— DO THE MATH IF YOU CAN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
SEE?!:) —— MORE AND MORE AND MORE AND MORE INFLATION INEVITABLY GOING UP FROM HERE ———- >
By Liz Capo McCormick, and Michael Mackenzie July 29, 2023 at 4:00 PM EDTBets on a bond-market rally aren’t in the clear just yet.Wall Street securities dealers expect a glut of Treasury sales to start coming soon as the government steps up its borrowing.The Fed could keep hiking rates — or hold them higher for longer — if inflation proves stickier than expected.And the Bank of Japan has taken a step back from its ultra-loose monetary policy by allowing bond yields to push higher, giving Japanese buyers more incentive to invest at home and pull money back from the US.
AGAIN AND AGIAN ONLY SAFE HAVEN ASSETS ARE GOLD + ENERGY THAT'S IT AGAINST US$ + US T – BILLS DO THE MATH!!!!!!!:!) FOR EXAMPLE!!!!!!!:) ——- > DOWN AND DOWN AND DOWN AND DOWN OF SHALE OIL AND GAS TOTAL RIGS
Jul 28, 2023 664 669
Jul 21, 2023 669 675
Jul 14, 2023 675 680
Jul 07, 2023 680 674
Jun 30, 2023 674 682
Jun 23, 2023 682 687
Jun 16, 2023 687 695
Jun 09, 2023 695 696
Jun 02, 2023 696 711
May 26, 2023 711 720
)
SEP 20TH FED'S INTEREST RATE HIKING TO THE RANGE OF +5.5% – +5.75% OR EVEN +5.75% – +6.0% IS A DONE DEAL THING BECAUSE INFLATION IS REBOUNDING FROM JUNE AND WHAT THE CENTRAL BANKS ULTIMATELY CAN DO BUT INCREASING INTEREST RATES MUCH FASTER THAN MOUNTING DEBT PROBLEMS HOWEVER AS WE HAVE BEEN WATCHING THAT THEY CANNOT DO THAT!!!!!!!!!!!!!!!!!!!!!!!!!!:)
BOJ CHAIR UEDA + BOJ HAVE LOST THEIR CREDIBILITY EVEN MUCH WORSE AND WORSE AND WORSE THAN EVER BECAUSE LAST FRIDAY (28TH) —- > UEDA SAID THAT THEY WILL NOT INTERFERE WITH THE JGB MARKET UNLESS ITS 10YR YIELD GOING ABOVE +1.0% LEVEL BUT!!!!!!!!!!!!!:) —— > THEY ALREADY INTERFERE WITH THE JGB TODAY!!!!!!!!!!!!!!!!!:) < ——– SEE?!:) MORE AND FURTHER INFLATION INEVITABLY HITTING THE ECONOMY SOOOOOOOO HARD IN COMING MONTHS AND YEARS!!!!!!!!!!!!!:)