WTI: flirting with holding steady at $54.
Jobs: first time jobless claims fall to 246,000. Plunged 14,000, much farther than forecast. The Trump excitement continues! Forecast: claims would fall to 251,000. Claims in the previous week were revised up to 260,000 from 259,000 (inconsequential). The enthusiasm continues. It will take a week or so for the new numbers to impact the four-week average. The four-week average rose by 2,250 to 248,000.
Gasoline demand: something unsettling occurring just off the radar scope. Graphics below the "fold."
Propane: the new coal:
EPA nominee "confirmed" by Senate committee.
COP increases its dividend. Still reporting a loss but significantly beating estimates.
Apple Watch: Swatch is toast. Omega slashes dividend but "hopes" for a more positive 2017. Apple Watch.
iPhone: Apple is now "taking 100% of all smart phone profits."
Buffett's apple: $348 million -- so far, and counting. But to be fair, Buffett missed Apple decades ago. Icahn, too: missed this one.
Gasoline Demand -- A Most Under-Reported Story
Comments later; two graphics:
Another reader is also stymied, noting:
I first looked at it last night, and couldn't decide what it meant, and have no further conclusions this morning.Meanwhile, from John Kemp via Twitter, gasoline stocks rising faster than ever:
Only 4 years of the last 18 years have a 3 week period where it's been so low: 2000, 2007, 2012, and 2014.