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Energy storage still distorted from Hurricane Laura. EIA reported a draw in crude oil of -1639kbbl, a build of of  just +4kbbl at Cushing.  Draw in gasoline -4025kbbl. US production was at 10,700 mbpd, off record high of 13.10 mbpd. 

KB Homes reported better than expected Q3 earnings after the market Tuesday.  The stock jumped 3% after it had been bid up over 4% with other homebuilders after a robust existing housing sales number before the report. A rise in homesales since the COVID lockdown has suprised many experts..  

Natural gas futures fell after a larger than expected build of +89 Bcf in gas storage last week as weather changes were felt.  The  focus is on the gulf weather and the coronavirus effect on reopening, LNG and Mexican exports and the winter outlook for the US.

The Federal Reserve kept rates unchanged at their September meeting, kept QE infinity open with TALF for open-ended Treasuries, MBS and corporate bonds in amounts needed. Fed will continue to buy paper at current pace of $120B/month of Treasuries and MBS combined. Compare that to $40B/month in QE3.

Cloud data platform Snowflake launched it's IPO Wednesday under the symbol $SNOW and priced at $120 a share. It hit a high of $319 just after the open fueled by news Berkshire Hathaway and Salesforce bought shares in concurrent private sales. 

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