FastSaying
The retail sales report was the most significant piece of data we had in weeks and that certainly had the stock market going. It points to a solid first quarter, with earnings growth.
Jason Schenker
Sales
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If the inversion is to persist or deepen, then it may be interpreted as a real bear sign.
— Jason Schenker
Bear
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The gain in distillate was unexpectedly large, which should eventually weigh on the market. Distillate increased because a decline in demand coincided with an increase in imports.
— Jason Schenker
Decline
Eventually
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That's a very volatile category. We can't necessarily count on the increase we've seen in that category to continue the rest of the year.
— Jason Schenker
Category
Continue
Count
It is typical to see a slight drop in utilization in the first week of the year. This slight drop, coupled with imports, could allow for a slight crude-inventory build.
— Jason Schenker
Drop
First
Slight
A further deterioration of the situation in Nigeria, or escalation of nuclear brinkmanship with the Iranians, could push the (New York) price of crude further to 70 dollars.
— Jason Schenker
Deterioration
Escalation
Further