<p>Last week's cold snap led to one of the largest US natural gas inventory draws on record as 326bcf left the system. However after rallying in mid-January, the natural gas market was slumping last week on forecasts for warmer weather ahead.</p><p>The latest draw was close to estimates and US supplies are still at the high [
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It's getting a bit frothy
<p>I think you can officially downgrade the Magnificent 7 to the Super 6 today with Tesla down another 10.4%.</p><p>What's more impressive is that despite a 10% decline in one of the world's biggest companies, the Nasdaq is up 0.5% today and on track for a fifth consecutive record close. </p><p>American Airli
United States Gross Domestic Product Price Index: 1.5% (4Q) vs previous 3.3%
United States Gross Domestic Product Price Index: 1.5% (4Q) vs previous 3.3%
Breaking: US GDP grows at an annual rate of 3.3% in Q4 vs. 2% expected
The Gross Domestic Product (GDP) report for the fourth quarter, to be released by the Bureau of Economic Analysis (BEA) on Thursday, is forecast to show an expansion of the US economy at an annualized rate of 2% following the impressive 4.9% growth recorded in the previous quarter.
United States Durable Goods Orders below forecasts (1.1%) in December: Actual (0%)
United States Durable Goods Orders below forecasts (1.1%) in December: Actual (0%)
United States Goods Trade Balance rose from previous $-89.4B to $-88.5B in December
United States Goods Trade Balance rose from previous $-89.4B to $-88.5B in December
United States Personal Consumption Expenditures Prices (QoQ) dipped from previous 2.6% to 1.7% in 4Q
United States Personal Consumption Expenditures Prices (QoQ) dipped from previous 2.6% to 1.7% in 4Q
United States Continuing Jobless Claims came in at 1.833M, above expectations (1.828M) in January 12
United States Continuing Jobless Claims came in at 1.833M, above expectations (1.828M) in January 12
United States Gross Domestic Product Annualized above expectations (2%) in 4Q: Actual (3.3%)
United States Gross Domestic Product Annualized above expectations (2%) in 4Q: Actual (3.3%)