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.

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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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