Monday, December 12, 2016

TUESDAY 12/13/16; China Economic Data; Two-Day FOMC Meeting Begins; 30-Year Bond Auction; SPX, INDU, COMPQ, NDX and NYA New All-Time Record Highs

US futures are a hair negative. S&P -2. Dow -6. 

[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]

 Cushing Hub inventories are up for three consecutive weeks albeit at a slower pace this week. Gasoline inventories are robust with fuel sloshing over the sides of tanks. The IEA increases its oil demand projections for 2017. Oil prices will likely drop on the inventory build. WTIC oil leaks lower to 52.45. Brent 55.20.

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