1.It's not just energy that is getting baptized, look at tech shitcos. Brutal day, just in general!
$Unity Software Inc.(U)$ $Roku Inc(ROKU)$ $Coinbase Global, Inc.(COIN)$ $Affirm Holdings, Inc.(AFRM)$ $Snap Inc(SNAP)$ $Atlassian Corporation PLC(TEAM)$ $Airbnb, Inc.(ABNB)$ $Match(MTCH)$ $SoFi Technologies Inc.(SOFI)$ $Peloton Interactive, Inc.(PTON)$ $Pinterest, Inc.(PINS)$ $Spotify Technology S.A.(SPOT)$ $Shopify(SHOP)$ $ARKK(ARKK)$ $Teladoc Health Inc.(TDOC)$ $DraftKings Inc.(DKNG)$ $Advanced Micro Devices(AMD)$ $CrowdStrike Holdings, Inc.(CRWD)$ $Global Payments(GPN)$ $Robinhood(HOOD)$ $Uber(UBER)$ $Amazon.com(AMZN)$ $Palantir Technologies Inc.(PLTR)$ $Netflix(NFLX)$ $Alphabet(GOOG)$ $Alphabet(GOOGL)$ $PayPal(PYPL)$ $Qualcomm(QCOM)$ $Apple(AAPL)$ $Taiwan Semiconductor Manufacturing(TSM)$ $Microsoft(MSFT)$ $Roblox Corporation(RBLX)$ $Tesla Motors(TSLA)$ $Micron Technology(MU)$ $Analog Devices(ADI)$ $Sea Ltd(SE)$
2. Crude oil released from SPR was 2.1m bbls for the week ending Dec 2/22.
~163m bbls done, ~17m bbls to go.
-YTD release from SPR stands at~206.7m bbls or 615k bbls/dCrude oil released from SPR was 1.4m bbls for the week ending Nov. 25/22. That is the lowest weekly release since Feb 4/22.
~160.9m bbls done, ~19.1m bbls to go.
-YTD release from SPR stands at~204.5m bbls or 622k bbls/d3.Again, I don't think the oil sell-off has anything to do with recession fears. If it had, the entire forward strip would be in Contango, not just the front end.4.WCS diffs to WTI is down over 40% Q/Q when converted into CAD. WCS is down ~17%. OPEC went from defending $90 Brent to watching it soon drop below $80
5.$S&P 500(.SPX)$ You just can't make this shit up! Right on a dime.
What a year!
https://twitter.com/Gugo907/status/1599971702674718722
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