New manufacturers orders, vehicle sales, unemployment claims, rents, oil prices

This component is going nowhere: Still trying to catch up from the oil capex collapse of 2016 and covid collapse: Not good: This is an all time low as people scramble to get extra jobs to deal with higher prices, like paying rent, for example: Oil prices taking a breather with the announcements of releases […]

Saudi price hike, private payrolls, new hires, corporate profits

This could easily drive oil up past $200/barrel and trigger a serious recession. This survey/forecast is higher than precovid. The full employment report comes out Friday: Gross new hires have been trending lower: Corporate profits jumped after the covid dip and have recently flattened:

Employment, oil

Still slowly working its way back to the pre covid trend: New rigs continue to come online, but it won’t interfere with Saudi/Russian price setting until sufficient production comes online to reduce Saudi sales. And right now sales are going up, indicating that demand for oil at the Saudi’s prices is increasing, as the Saudis […]