Tuesday, May 10, 2016

Tuesday, May 10, 2016

Active rigs:


5/10/201605/10/201505/10/201405/10/201305/10/2012
Active Rigs2784192184207

RBN Energy: update on CBR.

Investopedia: update on Tesla. Investopedia/Barclay's -- not gonna happen; Tesla in reverse.

Reuters: update on Saudi Aramco IPO. I track the IPO here.

Enough already: Uber, Lyft driven out of Austin.

Trending now:
In an appearance on BloombergTV yesterday, Bank of America Merrill Lynch Head of U.S. Equity & Quantitative Strategy Savita Subramanian warned of a "vortex of negative headlines" coming in June that could soon push the S&P 500 to 1,850—back near February lows. Among the factors she cited are the upcoming 'Brexit' vote, the June decision from the Federal Reserve, and the U.S. election.
US market now: Dow surges almost 200 points; oil up slightly. Let's see, going back to "trending now:
  • Brexit ends up being a non-story: Brexit -->Bremain.
  • Fed: at most, one rate increase this year; when it happens, market swoons for a couple of days; then recovers nicely
  • US election: really?

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