The U.S. economy’s reliance on fiscal stimulus is evident in the fiscal deficit’s expansion by 23% last year, from $1.38 trillion to $1.7 trillion. In the U.S., the alarming rise in household debt, with credit card balances hitting record highs, is a stark indicator of consumer vulnerability. Reduction in labor engagement reflects broader economic undercurrents that are also evident in global markets. Also, what are the credit cycles saying? Find out this and much more in this update!
Enterprise Frac Spread Count Subscribers
Now have a Enterprise Resources area of their research portal, you can find this under Frac Hits! Shale Play additions to your Frac Spread Count Demand data are now live. Canada update in the works! You might see a partial update on your side, full update forthcoming.
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Frac Spread Count Supply Update
Q1-24 earnings are in! An update to our profiles, excel output, emissions, electric spread numbers forthcoming!
1. Monday Macro View: Recession and Credit Cycles – Premium
In this week’s Monday Macro View we get a little nerdy and explore David Rosenberg’s 7 reasons why we might still be heading towards a recession and then we reconcile it with S&P’s Credit Cycle Indicators. What emerges is a future that is facing serious headwinds but also some promise towards stability.
2. KLX Energy Services: Q4 TAKE THREE – PREMIUM
Our short article discussed our initial thoughts about KLX Energy Services’ (KLXE) Q4 2023 performance a few days ago. From Q3 to Q4, the company’s dissolvable plugs sales increased by 85%. Its fleet of large-diameter coiled tubing and SRT (downhole thru tubing) has also gone up. Higher demand for PhantM Dissolvable Plug and Oracle Smart Reach SRT will drive its sales in the near term.
3. March 2024: Navigating Economic Crosscurrents – Premium
Each region’s narrative is intricate, and their interplay will script the global economic story for 2024. Will the U.S. maintain its momentum? Can China navigate its complex economic landscape? And how will Europe’s mixed signals resolve? The answers to these questions will shape the contours of international economic health. Read out to find out more!
4. Primary Vision Insights – Enterprise
In this latest insight by Mark Rossano, he delves into the details of everything macro and micro! Read about what is OPEC up to and how it will impact the markets in the coming days. Also, what’s really happening with the US economy? When will the Fed pivot? These and many more questions are answered in this MANDATORY READ!
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