ERCOT Cash – Houston over North pricing most of the day – extremely uneventful day – GREAT for LOADS, not so good for length. Low 90s in Texas in Normal this time of the year. PJM Cash – HOLY TOLEDO!!! Hotter there than Dallas and the prices to prove it too. Congestion from all angles today pushing in to MAAC and ATSI. NG – crickets CL – Iraq in focus – the Brent to TI spread widening… Stocks and Stuff – Fed Monetary Policy meeting tomorrow – no unexpected calls here – May CPI rose .4% in May. From cnbc…”An increase in inflation reduces the risk of an extended decline in prices that crimps economic growth, and offers the Fed a reason to maintain their program of scaling back monetary easing. The hotter CPI is good news, because we need a modicum of inflation, said Hogan. Funny cause inflation means your money doesn’t go that far relatively speaking, which isn’t good news – from an unlevered POV…I keep saying this about inflation BITCOIN - $600 NG – $4.707 Crude - $106.90 SP500 – 1941.99 US 10-Yr – 2.654 Gold – 1271.80 **near market close
Posted on: Tue, 17 Jun 2014 21:51:33 +0000