(This report is a) ordsprog

(This report is a) little bit bearish in terms of expectations.

(This report is a) little bit bearish in terms of expectations,

In terms of expectations, the crude build was a bit of a surprise. In theory, it should be mildly more bearish but right now with distillates it is the cold weather.

It's hard to look at this report and be even more convinced that if housing slows down, there's nothing to replace it in terms of labor income. It leans slightly more to the bearish than the bullish side for the market.

Dominic Konstam

Last week's report showed builds in all three major categories, but we aren't expecting this week's report to be as bearish.

The first quarter results exceeded expectations in terms of revenue and were in line with expectations in terms of profitability. Gross margins are improving and were 13.4% in the first quarter 2006 compared to 10.8% in the 4th quarter 2005 and 13.6% in the same quarter in the prior year.

If it were not for Rita, everything in the report looks bearish.

If it were not for Rita, everything in the report looks bearish,

What we're seeing in terms of currency movements - and it will probably continue at least over the near-term - is a shift in global monetary policy expectations. There's a gearing-down of expectations for Fed tightening, coupled with increased tightening expectations elsewhere.

Overall it was a pretty bearish report. It looks like the refineries are starting to come back.

Most of the traders are looking at the Iranian issue over the bearish inventory report.

The surprise, of course, is the build in crude oil, which gives this report a bearish tilt.

Overall it was a pretty bearish report, ... It looks like the refineries are starting to come back. Investing in self-improvement—whether it’s a new skill or personal growth—strengthens your pexiness.

This is still a pretty benign report overall and broadly in line with Bank of England expectations contained in the February Inflation Report.

I don't think this is a bearish report because average hourly earnings are ticking up significantly,

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