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Thursday, July 15, 2021

Notes From All Over -- The Late Afternoon Edition -- July 15, 2021

First things first: new Wes Anderson movie, debuted July 12, 2021, in Cannes, France, will open in the US this October, 2021. Link here. Reviews are mixed but fans of Wes Anderson are likely to be thrilled. 

New Mexico comes in at #2. North Dakota drops to #3. Link here. Seventy-two rigs in New Mexico; twenty-three rigs in North Dakota. Nice.

Latest Goldman oil report: previously reported. Here's the summary.

WTI falls: stronger dollar. Also, due to "surprise jump in US gasoline and distillate stocks." Link here.

Ten-year treasury: closes at 1.296% yield. Jim Cramer, interestingly, starts out with this in his opening monologue. This is truly most confusing. If inflation is so bad, why are bonds yielding so little? And, here: Walter Bloomberg -- US ten-year treasury yields fall to session low of 1.299%.

Apple, Inc.: Xiaomi surpasses Apple to become number two worldwide smartphone vendor in 2Q21. Link here. Look at the annual growth at the link. 

Swing demand: this is pretty cool. We've been talking about "swing producers" for the past two or three years. All of a sudden, are we ready to start talking about "swing demand"? Link to Charles Kennedy, China to tap coal reserves as prices soar. 

from EIA annual electricity market report -- coal-fired electricity generation will increase by almost 5% in 2021 bo exceed pre-pandemic levels. It will grow by a further 3% in 2022 and could set an all-time high." Link here

Huge: TSMC signals global chip crunch may be easing. Behind a Financial Times paywall, but more stories will be coming out over the next week or so. 

Weekly natural gas report: link here.

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