Jason Schenker
Jason Schenker
actual draws expected large numbers regardless seeing
Regardless of how large the draws are expected to be, especially in gasoline, seeing the actual numbers will be a shock.
drop iranian low prices reach
If we were able to reach a 'comfortable unease' on the Iranian situation, I think we'd see prices drop into the low $50s.
bear persist
If the inversion is to persist or deepen, then it may be interpreted as a real bear sign.
changes close fed high hike likely rate rates remains rising sitting stems talk
If it remains this close to 2 percent, then I think economically speaking, we're sitting pretty. I don't think this changes what the Fed does in May. I think another rate hike is likely then. But I think it stems the talk of rates rising as high as 5.25 percent, at least for now.
focus housing job likely might security talk
He is more likely to focus on geopolitical and security issues. But he might also talk about the job and housing markets.
background concern decline economic growth report supplies supporting
Supplies are pretty lush. Once this report is digested we should see a big decline in prices. The geopolitical concern and economic growth are still there in the background supporting prices.
banks financial gives help opportunity others rates report rising strong
Such a strong report by a financial institution has to help others in the same sector. Rates have been rising but gradually, which gives some banks opportunity to adjust.
affect caught markets trade
Markets were caught off-guard by a blow-out trade deficit, ... This could affect growth.
anticipate bubble homes
If there were a lot of homes in inventory, we could anticipate a bubble bursting, but there isn't,
economic katrina number resilience robust service shown survey wake
The ISM service survey joins a number of economic indicators that have shown robust economic resilience in the wake of Katrina and Rita,
looking oil price shifting year
I look at the futures curves, and they're shifting up; we're looking at, a year from now, the price being $40 a barrel. Oil won't be at $30 any more -- that's gone.
biggest consumers despite evidence fact fixed lining pay prices short
In the short run, people's consumption is essentially fixed for gasoline. The biggest evidence of this is despite the fact we've got prices at $3, $4 or $5 a gallon, we've got consumers lining up to pay for it.
certainly data earnings market piece points report retail sales solid stock weeks
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.
due energy following higher last next risk suit upside week
After the PPI bounced last week due to higher energy costs, there is a big risk of the CPI following suit next week. There is significant upside risk there.