Surge

Can Shale Resist The Lure Of Another Output Surge?

Authored by Irina Slav via OilPrice.com, U.S. shale changed global oil markets. It shook the foundations of OPEC as the one single swing producer group. And last year, it crumbled under the weight of the pandemic that sent oil prices to all-time lows, including a short dip of WTI below zero. Now, shale is getting…

Rental-Exodus Sparks Surge In Single-Family Housing Starts & Permits

Following November’s better than expected jump in both Starts and Permits, analysts expected a more mixed picture in December as Homebuilder Sentiment rolled over and affordability collapsed. However, both Starts and Permits exploded higher to start the year (up 5.8% MoM and 4.5% MoM respectively). Starts have now risen for 4 straight months and Permits…

"Perfect Storm…Not Of Our Doing" – Fauci-Led Biden Team Suddenly Stunned By Virus Surge Created By Fauci-Led Trump Team

Even before President Biden was officially sworn in, corporate American was already rearing to have his back. Earlier this week, Moderna CEO Stephane Bancel told the press that his company was on track to produce 100MM COVID vaccine doses by the end of Biden’s first 100 days, as expected, while a top Amazon exec sent…

Goldman Warns Of "Short Term Indigestion" In Stocks, Expects European Double-Dip On Mutant Virus Surge

The global economy – or at least the US-Europe axis – is about to decouple according to Goldman. Just days after Goldman Sachs chief economist Jan Hatzius raised his US GDP forecast for 2021 from 3.9% to 6.4% on the back of expectations for much more aggressive stimulus rollouts from the Biden administration which Goldman…

U.K. Divorces Expected To Surge In A Post-COVID 2021

Divorces in the U.K. are expected to surge heading into 2021 as Covid lockdowns continue to force couples to actually stay at home and be in each others’ presences – something they apparently didn’t know they were signing up for when they got married to begin with. A slight dropoff in divorces in 2020 across the pond belies…

Stocks Surge On Expectations Dems Will Unleash Imminent Stimulus Tsunami

After a brief slump overnight, stocks are surging, lead by reflation-friendly small caps which have hit another record, although with the Dow Jones now also at all time highs even the duration-sensitive Nasdaq is in the green. While there is no catalyst to explain the reversal, one argument making the trading desk rounds is the…

Germany Leads Europe Into New Wave Of Lockdowns As COVID Numbers Surge

Germany is leading Europe toward extending economically devastating lockdowns as Western Europe scrambles to quell a second more deadly wave of COVID-19, potentially exacerbated by “mutant” strains like B.1.1.7, first isolated as a driver of infections in the UK. As Germany prepares to extend a nationwide lockdown until the end of January, other governments in…

BoJo Deploys Military To Help Secure UK Schools Against COVID As Cases Surge

Boris Johnson is bringing in the troops to help prepare British students to return to schools across the country after the winter holiday is over, even as his government continues to jack up new “Level 4” restrictions due to surging case numbers allegedly caused by a COVID strain that had mutated to become more infectious….

Stocks Surge Off Pre-Open Plunge Lows, Dow Goes Green On Bank Gains

The Dow is up over 800 points from its pre-open lows and has pushed into the green for the day, shrugging off pandemic mutations as Fed Stress Test-enabled buybacks have sent Goldman and JPMorgan soaring, adding around 150 points to the index alone… The Dow is leading the major indices but they are all soaring…

Initial Jobless Claims Surge To Highest In Almost 4 Months

After rising for three of the last four weeks (with a big surge in the previous week) as lockdowns re-accelerate across America, analysts expected initial jobless claims to slow modestly this week, but instead claims soared from an upwardly revised 862k to 885k – the highest number of Americans seeking first-time unemployment benefits since September….

Sweden Seeing “Unprecedented” Resignations In Healthcare Amid Second Wave Surge

Swedish healthcare workers are resigning at alarming rates. The exodus from the industry has been so stark that the chairwoman of the Swedish Association of Health Professionals, Sineva Ribeiro, has called the situation “terrible”, according to Bloomberg. Prior to the pandemic, the country was already facing a shortage of specialists and nurses, the report notes….

MBA Applications Surge Despite Fed Defiling All Economic Laws As We Know Them

Who in their right mind would want to be an MBA in this environment? That’s the first question that came to our minds when we found out that MBA application volume was surging. Thanks to vast distortions in both capital markets and the economy brought on by the Fed rigging interest rates and introducing limitless money…

Gold, Stocks, & Bond Yields Surge As Dollar Purge Continues

Since the election, and the ongoing roll out of Biden’s nominees for economic and policy teams, the dollar has been on a one-way streak lower… Source: Bloomberg The dollar is unchanged versus its fiat peers since Jan 2015… Source: Bloomberg And it appears the plunge in the dollar is being recognized by gold enthusiasts who…

S&P Futures Surge, Nasdaq Plunges On “Game-Changer” Moderna Covid Vaccine

Last night, when discussing the euphoric surge in Sunday markets, we said that the move is on expectations that the “Moderna covid vaccine may hit as early as tomorrow, and a favorable outcome would have a similar result to last Monday’s Pfizer surprise which sent the S&P as high as 3,668 before fading much of…

Core Producer Price Growth Slows In October But Food Prices Surge

After yesterday’s disappointing (for some) cooler-than-expected CPI, analysts also expect producer price growth to decelerate in October but it modestly beat expectations, rising 0.3% MoM (vs +0.2% MoM exp). On a YoY basis, producer prices rise 0.5%, well below that of consumer prices… Source: Bloomberg In October, nearly 60 percent of the rise in the…