Correlation Economics Backup

When there is a lot of oil in transit, you need tankers to store and transport the oil. 

Here is an update on copper .

Capex to sales ratio points to higher oil prices. 

Rig count Vs. oil production. 

Rig count Vs. oil production. 

China is building a lot of wind mills. 

The largest segment of dry bulk (67%) is iron ore, grains and coal. Iron ore segment is in terminal decline. Don't count on grains either because China population is dropping now. Also don't count on coal because that will be phased out due to ESG.

Deeper yields curve inversion is deeper recession.

Sprott updated its holdings.  Buys: Mainly gold names like i-80 gold corp, Anglogold, Mag Silver, Agnico, Vizsla. Sells: Sold battery and graphite names. Decreased Newmont, Sandstorm and Kinross. Endeavour silver was dumped.

It's looking good for oil.  The secretary general of the Organization of Petroleum Exporting Countries (OPEC) Haitham Al Ghais said oil demand is projected to rise further to reach 110 million barrels per day by 2025, according to Reuters. 15 February 15 March

This is very bullish oil.

Natural gas prices are inversely correlated to natural gas storage . 

Rig rates Vs. Rig utilization. 

As India and China develop their economies, electricity consumption will increase. 

 Margin debt is pretty low. Chance of a crash is low.

 The Stock Forecaster Index can predict the movement of stocks and is based on the following parameters: Fed balance sheet expansion Credit spreads Initial jobless claims   The Brave-Butters-Kelley index is leading the stock market. The Fed has its  stock valuation model . Yardeni's forecast  can be found here. Yardeni S&P500 earnings  can be found here.  PE ratios  can be found here for each sector. Growth Vs. Value  stocks. Watch the  Put Call ratio  for short term movements. Check the  Mannarino Index . Low index means low risk, High index means high risk.   The  NAHB housing market index  is leading the business cycle. Charles Nenner  Cycle. Margin accounts  are a leading indicator. CAPEX is a leading indicator for equity returns.    The Black Swan Indicator  tells us when to buy or sell stocks. Check the  Smart Money Flow Index , as it accurately predicts the future performance o...