Energy
Highlights US dry gas production – the gas traded on futures exchanges and consumed by firms and households – is expected to fall ~ 2.5% this year to 89.7 bcf/d. Consumption will be down ~ 4% to 74.3 bcf/d. High carryout stocks from a warmer-…
Natgas Prices Will Eventually Recover…
Please note that yesterday we published Special Report on Egypt recommending buying domestic bonds while hedging currency risk. Today we are enclosing analysis on Hungary, Poland and Colombia. I will present our latest thoughts on the global macro outlook…
In a webcast this Friday I will be joined by our Chief US Equity Strategist, Anastasios Avgeriou to debate ‘Sectors To Own, And Sectors To Avoid In The Post-Covid World’. Today’s report preludes five of the points that we will debate. Please join us…
Pocketing Gains in Oil/Gold Pair Trade…
Oil/Gold Update…
The COVID-19 induced recession has accelerated several paradigm shifts that were already afoot. Populism, anti-immigrant sentiment, deglobalization, and fiscal profligacy were replete – particularly in the US – even before the pandemic. For the first time…
KSA’s Production Cuts Key To Oil Market Re-Balancing…
Highlights US refiners will raise capacity-utilization rates as demand revives, which will keep crude oil inventories draining through 2H20. Early data indicate COVID-19-induced lockdowns pushed demand for gasoline, diesel, jet fuel and other products in…
Highlights Investment Grade Sector Valuation: Our investment grade corporate bond sector valuation models for the US, euro area, UK, Canada and Australia show some common messages, as markets have adjusted to a virus-stricken world. The most attractive…