Markets were caught off-guard by a blow-out trade deficit, ... This could affect growth.
More Quotes from Jason Schenker:
The real shocker is that there was a build of natural gas at this time of year.Jason Schenker
Massive inventory declines in crude oil are part of a three-month trend, heating oil prices continue their relentless rise, and the supply disruption premium is in full effect. This may only be the beginning the winter oil bull run has begun.
Jason Schenker
The stock market is reacting to the strong earnings reports we've seen earlier today. But sooner or later, companies may have to start passing through the increase in energy costs or be hurt by it.
Jason Schenker
There is justification for concern about natural gas prices at these levels. Prices now are essentially twice what they were last winter. That's likely to squeeze consumers.
Jason Schenker
Typically this time of year, we seek to build inventories. This is going to put us behind the eight ball going into the winter.
Jason Schenker
We're looking at some positive expansion, solid growth in jobs and in general economic growth, and that's something we see continuing.
Jason Schenker
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