OLEM News and Press, Barclays Bank PLC ZC SP ETN REDEEM 18/04/2041 USD 50 - 06740P221 From 01/02/23

Summary U.S. October production increased by 69 kb/d to 12,381 kb/d to a new post pandemic high. Production in October 2023 is forecast to be lower than in October 2022. The big production increase in conventional crude in August 2022 is due to the massive downward revision to LTO p...

Summary All the positive sales and earnings forecasted are concentrated in the top 15% of all stocks that I monitor. In other words, institutional buying pressure is focused on fewer stocks than normal. Energy stocks are big winners in 2022. In addition to high energy prices, the buying...

Summary Much of Wall Street will be taking off this week. It will be a week filled with lots of economic readings. There will be no earnings and no Fed speak. By Ed Moya US Thin trading conditions could persist as much of Wall Street will be taking off th...

Summary Global economic uncertainty continues to be high, and downside risks are rising in most Asian and European countries due to the inability to fight inflation effectively despite ongoing monetary tightening. Given the sanctions imposed, Russian oil and gas companies have practical...

Summary While falling commodity prices signal potential easing in inflation, it’s not necessarily a good sign. That’s because assets peak in a predictable order: bonds, stocks, and then commodities. Crude Oil has fallen to the lowest level in over a year, suffering a weekl...

Summary 1 or more years of additional interest-rate duration in ‘23 vs. ‘22, to be grown over time: As central banks slow, or pause, their tightening cycles, in sympathy with slowing economic growth and inflation. 6% to 6.5% of portfolio carry potential (including anticipa...

Summary As we enter 2023, bottom-up fundamental research is going to be critical as we go through this environment. So economic growth in '23 is pretty uncertain in some regions, maybe a little bit more certain in others. I think energy transition is something which is going to cont...

Summary The key supply uncertainty for the oil market this year has been how well Russian supply would hold up. We believe that there is upside to European gas prices in 2023 - however, much will depend on how much storage the EU manages to draw down this winter. We expect power mar...

Summary Inflation continues to moderate, not only here, but also in Europe. Despite the negative economic reports and the reaction to the Fed rate hike, the US Dollar barely budged for the week. Value yet again outperformed Growth in the last week, this time by a spread of almost 1%...

Summary CPI rose only 0.1% in November and 7.1% in the past 12 months. The monthly CPI was lower than the economists’ consensus expectation of 0.3%, and that triggered a massive bond rally that caused Treasury yields to plummet. The Fed never fights market rates, so even thou...