Market Weekly: Apr 9 Apr 13 2018

Viewing 15 posts - 31 through 45 (of 50 total)
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  • #16117
    Assistanc3
    Participant

    FOMC minutes lean hawkish

    “Some” participants suggested a future policy statement change could be necessary to acknowledge that monetary policy at some point might have to move to a neutral or even restrictive stance (it currently continues to be considered accommodative).

    All members judge recent data and other developments as showing the economy had strengthened in recent months. That and inflation expected to soon return to 2% might mean a “slightly steeper” path of rate hikes than currently expected.

    https://www.federalreserve.gov/monetarypolicy/fomcminutes20180321.htm

    #16118
    Assistanc3
    Participant

    At the close
    Dow -0.91% to 24,184.48. S&P -0.41% to 2,646.28. Nasdaq -0.38% to 7,067.59.
    Treasurys: 30-year +0.3%. 10-yr +0.1%. 5-yr +0.06%.
    Commodities: Crude +1.85% to $66.72. Gold +0.63% to $1,354.40.
    Currencies: Euro +0.06% vs. dollar. Yen -0.34%. Pound +0.04%.

    #16122

    a little selling in volatile times … I believe better times are on the way as the tax cut works it’s way into stats — it ain’t going to cure things overnight, but does make me more bullish than bearish esp. for long term future … the world is nervous over current atrocities & the forthcoming justice ahead 😳

    #16136
    Assistanc3
    Participant

    WTO says 2017 world trade volume grew 4.7% vs 3.6% September forecast
    World Bank raises China 2018 growth forecast to 6.5% from 6.4%
    Moody’s have changed its outlook on Mexico’s ratings to stable from negative

    Eurozone February industrial production m/m -0.8% vs +0.1% expected
    France March final CPI m/m +1.0% vs +1.0% prelim

    White House comments on Syria – number of options besides missile strike
    Trump says an attack on Syria could take place “very soon, or not so soon at all!”
    UK subs to move within range of Syria – attack could be as early as Thurs night
    …….media reports UK PM May to ask cabinet for approval to attack Syria
    Italian air force flight seen over eastern Mediterranean
    commercial aircraft stopping flights (citing security warnings)

    Bloomberg Consumer Comfort Index increased to 58.0 from 57.2 for the week ending on April 8.
    The State of the Economy index fell to 57.7 from 57.8.
    The Personal Finance index rose to 66.0 from 64.7.
    The Buying Climate index improved to 50.4 from 49.1.
    March Import/Export Prices: Import prices Index +0.0% vs. +0.2% consensus and +0.3% prior (revised).
    Export prices +0.3% M/M vs. +0.2% consensus and +0.2% prior.
    Initial Jobless Claims -9K at 233K vs. 230K consensus, 242K prior (unrevised).
    Continuous Claims: +53K at 1.871M vs. 1.818M.

    #16137
    Assistanc3
    Participant

    470,000 job vacancies among Canadian employers in the fourth quarter, up 89,000 (+23.2%) from the fourth quarter of 2016. The largest increases registered in Quebec (+46.1%) and Ontario (+17.3%)

    Canadian municipalities issued $8.2 billion in building permits in February (-2.6%),

    #16138

    RALLY TIME … as STOCKS are soaring … FED will be slow but deliberate .. and expectations for a good earnings season ahead also — esp more so ahead given a once-in-a-lifetime CORPORATE TAX BREAK kicks in 8)

    #16141

    [color=green][b]During the “Rush” radio show – he shared an economic update that “TAX BREAK is paying for itself” … despite CBOE negative projections (as CBOE did not factor in growth that would occur due to the lower rate)

    Less income per tax paying entity — but there are more tax paying entities these days
    plus pay raises for most on workers on a net basis
    and improved job & hiring maket
    and even more money flow circulation occurring as well
    and hopefully some $$$ offshore will come back to good old USA 8)[/b][/color]

    #16142
    Assistanc3
    Participant

    U.S. OFFICIALS SAY THEY HAVE OBTAINED URINE AND BLOOD SAMPLES FROM VICTIMS OF ATTACK IN SYRIA AND CONFIRMED PRESENCE OF CHLORINE AND NERVE AGENT – MSNBC NEWS

    #16145
    Assistanc3
    Participant

    $FB VP of global marketing solutions, Carolyn Everson, says users aren’t changing their privacy settings and “we are not anticipating major changes to our overall revenue and business model”

    #16146
    Assistanc3
    Participant

    At the close
    Dow +1.24% to 24,489.83. S&P +1.07% to 2,670.55. Nasdaq +1.03% to 7,141.31.
    Treasurys: 30-year -0.62%. 10-yr -0.35%. 5-yr -0.25%.
    Commodities: Crude +0.43% to $67.11. Gold -1.64% to $1,337.70.
    Currencies: Euro -0.31% vs. dollar. Yen +0.4%. Pound -0.35%.

    #16150

    [color=purple][b]GOOD MORNING … HAPPY FDIC FRIDAY 8)
    and HAPPY FRIDAY the 13th[/b][/color] :woohoo: :woohoo: :woohoo: :woohoo: :woohoo: :woohoo:

    #16151

    [color=teal][size=5][b]and coming soon to a bookstore near you …
    #1 best seller & FBI thriller NOVEL is on the way[/b][/size][/color]

    #16160
    Assistanc3
    Participant

    US to detail tariff list on $100bn imports from China as early as next week
    RBA – risks to Australia economy from China remain elevated
    Bank of New Zealand-Business NZ Manufacturing PMI: 52.2 (prior 53.4)

    China March M2 money supply y/y +8.2% vs +8.9% expected
    Spain March final CPI m/m +0.1% vs +0.1% prelim
    Germany March final CPI m/m +0.4% vs +0.4% prelim

    March Consumer Sentiment: 97.8 vs. 101.0 consensus and 101.4 prior.
    6.052M job openings in February vs. 6.143M consensus, 6.312M prior.
    Feb. job opening rate 3.9% vs 4.1% in Jan.

    A petition to split California into three separate states has gathered about 600,000 signatures, well more than the 365,880 required to be on the ballot in November.

    Fed’s Kashkari: Tax cuts, government spending may push inflation up

    #16161
    Assistanc3
    Participant

    The financial sector XLF is the worst-performer in the S&P 500
    after banks beat on Q1 earnings

    the flattest yield curve since the financial crisis says more about the outlook for lenders going forward than last quarter’s results do.

    #16162
    Assistanc3
    Participant

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