Happy April Fools’ Day and how about that jobs report for March? No joke there, as the market seems to like it, relative to Ms. Yellen’s thinking.
The Dow Jones industrial average saw its biggest quarterly comeback since 1933.
The Death Cross market collapse put off for a bit longer, I suspect, especially with oil still trending down after hitting its peak just about two weeks ago.
U.S. crude stocks reached yet another record high last week despite an 11-year high in seasonal refinery utilization.
A quick follow up on the two market areas I suggested you look to for opportunity – EV cars and fuel-cell cars. Look to the companies I mentioned, but widen your research net to include ancillary support.
Hydrogen fuel cells are rapidly slipping into logistics, aircraft, seaports, sea craft, and other niche markets, and that makes sustainable hydrogen sourcing a critical issue.
Tesla Motors Co. secured about 135,000 reservations during the first day of ordering for the Model 3.
What companies source Hydrogen and what companies will build out the infrastructure for both EV cars and fuel-cell cars?
Dubious Prediction of the Week
Oil analysts in a Reuters’ poll raised their average price forecasts for 2016 for the first time in 10 months, but also cautioned the rally could fade near term.
Not to be too cynical (just cynical enough), but the above is a good example of the reality that market prediction is art at best. The rally has faded near term and the prospects for higher average oil prices in 2016 are, well, how about we wait to see what the summer brings.
