Tyler Richey on Barrons, October 12, 2018

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Winter Is Coming and Natural Gas Supplies Are Already Short

Supplies in storage “have fallen out of the five-year maximum-minimum range as stockpiles did not build as fast as most analysts had expected this summer,” says Tyler Richey, co-editor of commodity research provider of Sevens Report. “The last time inventories tested the lower end of that five-year range was at the beginning of the year, when futures spiked to a more than one-year high.”

Read the full article from Barrons here

Tyler Richey’s take on Natural Gas Supplies on MarketWatch, October 12, 2018

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Natural-gas supplies may come up short this winter

Tyler Richey, co-editor of commodity research provider for Sevens Report on MarketWatch. His take on this topic, “Supplies in storage “have fallen out of the five-year maximum-minimum range as stockpiles did not build as fast as most analysts had expected this summer.”

Read the full article here.

Is This the Fed’s Fault?

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What’s in Today’s Report:

  • Selloff Update (Some Positive News Yesterday)
  • If This The Fed’s Fault?
  • Two Economic Canaries in the Coal Mine

Futures are rebounding as global markets bounce following solid economic data and confirmation of the Trump/Xi meeting at the G-20.

Economic data was solid overnight as Chinese exports beat estimates, rising 14.5% vs. (E) 8.2%, while Eurozone Industrial Production rose 1% vs. (E) 0.5%.  Both numbers are helping to improve sentiment.

Today we get bank earnings and JPM already released results and beat estimates, while we wait for WFC (E: $1.17) at 8:00 a.m.    Economically we get Consumer Sentiment (E: 99.5) and there are two Fed speakers, Evans (9:30 a.m. ET) and Bostic (12:30 p.m. ET) but none of that should move markets.

Instead, we can expect markets to continued to digest the recent pullback.  The tech sector showed some hints of stabilization yesterday but it’ll need to rally if we’re going to get a material bounce in stocks today.  Bigger picture, strong earnings from industrial and multi-nationals (which won’t be possible till next week at the earliest) remains the “fix” to this market pullback.