The Energy And Market Page, T+193 -- August 1, 2017

Updates

August 3, 2017: the US dollar has plunged on Trump's watch.

Original Post

Dow 30 futures: market could open above 22,000 -- completely uncharted territory. No analysis why the surge -- right now, after a triple-digit jump yesterday in the Dow 30 -- futures now show another triple-digit jump on opening.

What happened? So what happened in the past 12 hours that would lead to this surge?

• weak dollar

Let's stop there and add two links:

• wiki: US dollar index
• US: DXY (Market Watch)

Now that we know more about the DXY, let's post the graphic:

Okay, so where were we? what happened in the past 12 hours that would lead to this surge?

• the dollar continues to weaken (no sign it will change; debt limit needs to be raised -- soon)
• another retired general officer joins President Trump's inner circle
• news that 73% of companies reporting so far in this earnings season have reported "beats" on both top and bottom lines
• crude oil: cheaper for longer (or as Shell says, "cheaper forever")
• more reports of overseas investment in the US -- including physical plants, not just financial investments
• money remains cheap; 10-Treasury bonds dropped below 3%, a floor of sorts