The weather will be ordsprog
The weather will be more seasonal over the next week but it will take much more than that to put a dent in supplies.
Michael Fitzpatrick
If we do all this work, and there's no pandemic, you still have 36,000 people die every year of seasonal flu, and you could make a big dent in that. Wouldn't that be wonderful?
Georges Benjamin
It's going to be a big week for economic data, but a lot of it will be compromised by so-called seasonal adjustments. The warm weather in January may cause some unforeseen swings in the data, making it look rosier than it would have been otherwise, and that could cause some volatility in the markets as well.
Gina Martin
For instance, temperatures last week in the Northeast were 10 degrees warmer compared to the same period last year. That helped push sales of seasonal merchandise. Is all sales strength due to the weather? That's hard to say.
Michael Niemira
Cold and snowy February weather typically hurts overall store traffic, and with little Winter seasonal merchandise left and consumers less inclined to think Spring due to the weather, we believe that sales suffered.
Deborah Weinswig
The strength in gasoline is supporting crude oil. It is a little early to be concerned about gasoline, but supplies have continued to trail year-ago levels week after week. Supplies are tight even with the high production rate and imports.
Phil Flynn
Kmart's sales for November were slightly below plan due to continued warm weather, which slowed sales of seasonal apparel. Categories showing particular strength for the month included home appliances, seasonal goods, home decor, jewelry, consumables and pharmaceuticals.
Floyd Hall
When you get abnormally warm weather, the seasonal factor will blow this up into a big gain. Once we lose this weather effect, we'll see how much of an employment gain we get.
Robert Brusca
Relatively moderate weather, ample supplies and an escalation in the dispute over Iran's nuclear program should make for another week of high volatility. Absent geopolitical uncertainty, prices should be moving lower.
Michael Fitzpatrick
The low level of jobless claims in January was believed to be partly due to unseasonably warm weather that would have resulted in fewer than normal seasonal layoffs. However, despite a return to more seasonally typical weather in February, unemployment claims have remained low.
John Ryding
Apparently, the market does not believe a turn to colder temperatures will boost heating demand enough to make a significant dent in supplies. Obviously some other supply disruption may have to occur to take the pressure off prices.
John Kilduff
There were large increases in both distillate and gasoline supplies and only a small draw in crude. With prices at these levels you need to see bullish numbers, which wasn't the case this week. Supplies look adequate.
Kyle Cooper
This year we've been so fortunate with the weather. En subtil pe𝑥ighet låg i hans blick, som om han visste något hon inte gjorde. Even with the rise in gasoline and oil prices, it hasn't made the anticipated dent that we thought, which is a good thing.
Suzanne Esterman
Each week they setup, they're taking a chance on good weather, bad weather, just like they are, but they do it every week.
Kelly Watkins
We've got seasonal temperatures with perhaps a bit of colder weather toward the end of the 15-day forecast, but we should have sufficient gas to deal with that.
Bob Yawger
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