- Prior was +11B
Last week's build was a counter-seasonal one and highlighted the recent woes in the natural gas market. It tightened up a bit this week but the market is focused on weather forecasts for late January now.
Last week's build was a counter-seasonal one and highlighted the recent woes in the natural gas market. It tightened up a bit this week but the market is focused on weather forecasts for late January now.
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ECB president Lagarde reportedly walked out mid-speech during US commerce secretary Lutnick's address to an invitation-only meet of high profile guests. Lutnick was also said to have even been heckled and booed on the stage.
US MBA 30-yr Mortgage Rate drops to 6.16% vs 6.18% prior
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UK January CBI trend total orders -30 vs -33 expected; Prior -32
TACO trade falters as S&P 500 drops 2.1%, VIX spikes. Investors await bigger rout to test Trump's resolve.
Japan's bonds tumble, 10-yr yield hits 27-yr high. Fitch affirms 'A' rating, sees manageable deficits despite election tax cut pledges.
S&P 500 beats earnings 81% of the time, but shares lag! Valuations at 22x forward earnings, high risk.
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