Making America Great Again, T+207 -- August 15, 2017

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Title : Making America Great Again, T+207 -- August 15, 2017
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Making America Great Again, T+207 -- August 15, 2017

US retail sales soar! Link here. Data points:
  • 7-month high (wow, coincides with President Trump's 7th month in office)
  • strong retail sales aided by strong demand for new autos and Amazon's Prime Day specials
  • forecast: a 0.4% increase; actual: 0.6% increase
  • sales rose 1.2% at auto dealers
  • even retail sales increased 1%
How did futures react? 
  • Dow 30 before the retail sales number: +40 - +42
  • Dow 30 after the retail sales number: +47 
EIA regional production data. Note how EIA has changed definition of regions --
  • new: Appalachia (combines Marcellus and Utica
  • new: adds Anadarko (western Oklahoma)
  • graphic below: number of active rigs
  • amazing: Bakken producing more than 1 million bopd with so few rigs (800 DUCs; and 1,500 shut-in wells)


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