Monday, December 18, 2017

Futures Mean Squat, But .... Nonetheless --- December 18, 2017

NiSource: NiSource apparently plunged 7.9% today. Barron's did not have an explanation. I know nothing about the company but a quick google search certainly suggested a number of concerns these past few years involving management. Be that as it may, this is probably the real story: natural gas prices "plunged" today based on fundamentals (supply/demand -- the weather is not cooperating). Even with today's "plunge," the shares are paying only 2.65% -- at that rate might as well buy bonds. Speaking of which, with the Fed raising rates, utilities are selling off. SRE is another example.

ISO New England: at 11:00 p.m. tonight, spot price for electricity around $155/MWh.

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or think you may have read here.

Trump Rally (Global Synchronization Rally)

After a nice run-up in the market today, right now futures suggest more of the same tomorrow:

Later, 8:19 p.m. ET: it looks like the above numbers were a  "hangover" from today's action. Now, the Dow futures are almost flat.

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