‘Twisting my melon‘ is a British phrase to describe being confused to the point of annoyance. The reason I bring it up is because it describes how I feel about China – and particularly in recent weeks – as contrasting and contradictory news have been undermining my convictions about the leading emerging market. So in my quest to untwist said melon, I present henceforth some observations on the matter. » read more
Posts Tagged ‘China’
So the Lunar New Year this week in China has given a welcome pause for thought after a rather frenetic period of seemingly stronger data coming through from leading emerging market. So in an effort to assess whether the recent turnaround is a seasonal swing, a false dawn, or a true trend, here’s a random collection of tidbits I have gathered together to slowly digest.
Happy Groundhog Day Eve! As Punxsutawney Phil completes his final workout ahead of his big day, commodityland™ closes the curtains on what has been another nutty week. Oil is pushing on to 4-month highs as momentum builds for a global recovery, while natural gas has seen its expectations for the rest of winter lowered, and prices have adjusted accordingly. But Phil’s shadow (or lack thereof) will give us more insight into that tomorrow. As for now, c’mon let’s chow:
Happy 12/21/12! Something big was supposed to happen today but I can’t remember for the life of me what it was. As for our dearly beloved commodities this week, oil has remained under the influence of the fiscal cliff – the skullduggery of it all leaves crude ultimately range-bound and run ragged. As for natural gas, it has shimmied higher on cooler weather outlooks, back to swing around the monkey bar of mid three-dollardom. But enough from me, it’s time for treats: » read more
As we charge into December, we see oil and natural gas prices distinctly lacking in the holiday spirit and looking downbeat, as fiscal cliff and Euro woes combine with a lack of wintry weather to spur on sell-offs in the respective commodities. That said, a turnaround in any of these elements could propel either commodity higher, as both seem supported near current levels. Enough fluff, let’s hit up the good stuff: » read more