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[color=purple][size=5][i]Where have we been and where are we
Spring is here & gardening + mowing will soon begin
and deer are searching for any weak spots to feast on garden treats 😉 :woohoo: [/i][/size][/color][article]1450[/article]
Expect some horrible bank earnings this week but watch the market ignore them as posters said last week we are in the twilight zone ..
thanks CI for the update – liking the trade situation from the IMF in your geopolitical area.
[size=5][color=red][b]Not a lot of sleep from pound traders this week this Friday 12 April 2019 is the Brexit date at this point.
[/b][/color][/size]
Ahead of that the EU leaders will meet on Wednesday, at which they will consider a request to extend the date (until June 30).May warned yesterday
Said the choice boiled down to ‘leaving the EU with a deal “or not leaving at all”
“The longer this takes, the greater the risk of the UK never leaving at all,”
“My intention is to reach an agreement with my fellow EU leaders that will mean if we can agree a deal here at home we can leave the EU in just six weeks,”May is in talks with Labour leader Corbyn with naught achieved so far:
Of note of how pitiful it all is:
Leader of the lower house of parliament Andrea Leadsom:
“The vision we had of Brexit is fading away – and we are running out of time to save it,”
][quote=”MoneyNeverSleeps” post=10209][size=5][color=red][b]Not a lot of sleep from pound traders this week this Friday 12 April 2019 is the Brexit date at this point.
[/b][/color][/size]
Ahead of that the EU leaders will meet on Wednesday, at which they will consider a request to extend the date (until June 30).May warned yesterday
Said the choice boiled down to ‘leaving the EU with a deal “or not leaving at all”
“The longer this takes, the greater the risk of the UK never leaving at all,”
“My intention is to reach an agreement with my fellow EU leaders that will mean if we can agree a deal here at home we can leave the EU in just six weeks,”May is in talks with Labour leader Corbyn with naught achieved so far:
Of note of how pitiful it all is:
Leader of the lower house of parliament Andrea Leadsom:
“The vision we had of Brexit is fading away – and we are running out of time to save it,”
[/quote][color=purple][i][size=5]Pitiful indeed – it’s almost like they are doing all thye can for it not to happen
[/size][/i][/color][size=5][color=red][b]US factory orders for February -0.5% as expected
Prior +0.1%[/b][/color][/size]
durable goods orders -1.6% v -1.6% preliminary
factory orders ex transportation 0.3% v -0.1% last month (revised from -0.2%)
durable goods ex transportation -0.1% v +0.1% preliminary
capital goods orders nondefense ex-air -0.1% v -0.1% preliminary
capital goods shipments nondefense ex-air -0.1% v 0.0% preliminaryinventories rise 0.3%
shipments up 0.4%
inventory shipments 1.36 v 1.36 last month
[size=5]Dow 26,341.02 -83.97 -0.32%
S&P 500 2,895.77 3.03 0.10%
Nasdaq 7,953.88 15.19 0.19%
Gold 1,301.60 6.00 0.46%
Oil 64.46 1.38 2.19%[/b][/color][/size]US March NFIB Small Business Optimism index 101.8 vs 102.0 expected Prior 101.7
Released by NFIB – 9 April 2019
Unfilled Job Openings Ties Record High; Owners Retaining Workers at Record Levels
Five Index components improved, two were unchanged, and three fell. Labor market indicators improved, the outlook for expansion, real sales and reports of rising earnings gained ground, and capital spending plans held steady. The major soft spot was in inventories with stocks viewed as too large and plans to invest in inventories turning slightly negative – more firms planning reductions than additions.
“Small business owners continue to create jobs, expand their operations, and are enjoying strong sales,” said NFIB President and CEO Juanita Duggan. “Since Congress resolved the shutdown, uncertainty has declined as small business owners add jobs, increase sales, and invest in their businesses and employees.”Sixty percent of small business owners reported capital outlays, up two points and 27 percent plan capital outlays in the next few months, unchanged. Plans to invest were most frequent in wholesale trades (36 percent), manufacturing (34 percent), retail (33 percent), and transportation (32 percent). A net five percent of all owners (seasonally adjusted) reported higher nominal sales in the past three months, a six-point improvement, rebounding back from the “shut down, slow down” in sales. The net percent of owners expecting higher real sales volumes rose three points to a net 19 percent of owners, a solid reading.
The net percent of owners viewing current inventory stocks as “too low” lost four points to a net negative six percent, suggesting that inventories are still viewed as excessive. Imbalances were very large in the wholesale trades (-24 percent) and retail (-14), while in agriculture, 11 percent reported stocks too low compared to eight percent too high. The net percent of owners planning to expand inventory holdings fell from one percent to a negative one percent, a two-point decline.
“Owners are growing their businesses and expect that they can sell more if they can produce more with additional employees,” said NFIB Chief Economist Bill Dunkelberg. “Investment spending has been solid for the past two years and owners are choosing to invest in their workforce as well by creating new jobs and raising wages.”
As reported in the March NFIB Jobs Report, owners have added a record high number of new employees for the past two months, only one percent (down two points) of small business owners reported reducing employment an average of 2.4 workers per firm (seasonally adjusted) in March, the lowest percentage of owners reporting reductions in survey history. Twelve percent (unchanged) reported increasing employment an average of 2.7 workers per firm. Sixty percent reported hiring or trying to hire (up three points), but 54 percent (90 percent of those hiring or trying to hire) reported few or no qualified applicants for the positions they were trying to fill (up five points).
Twenty-one percent of owners cited the difficulty of finding qualified workers as their Single Most Important Business Problem, only four points below the record high. Thirty-nine percent of all owners reported job openings they could not fill in the current period, up two points from February and equal to the record high set in December. A net 33 percent reported higher compensation in March, up two points.
Three percent of owners reported that all their borrowing needs were not satisfied, unchanged and historically very low. Thirty-three percent reported all credit needs met (down one point) and 51 percent said they were not interested in a loan, unchanged. Six percent reported their last loan was harder to get than the previous one, unchanged and historically low.Small Business Optimism Stays Strong, Posting a Modest Increase
YAY – congrats to UVA Cavs on college BB championship last night … while they have been my favorite team for decades, I did not want to “jinx” them along the way 😉 … they were lucky along the way having very close games & even a couple of breaks along the way … And they did so without a major superstar like Duke or other teams possess. Still they had great individual talents that worked well together & led by a Christian coach who brought the very best out (esp. defensive play where they excelled best). Our local radio carried games throughout the year, and listened to most of these.
[size=5][color=red][b]PPPPLLLLUUUNNNGGGEEEE … DOW OFF 200 POINTS :woohoo:
#45 in another “General Patton like” moment 😉 tweets out a hint of $11B of TARIFFs for EU :ohmy:
To right some trade in-balances of the past where USA was always more in a “give away” mode :whistle:
Hopefully, our wonderful 1st lady can hide that evil device – lol :evil:[/b][/color][/size]
Some WALL ST BEEF was roasted this afternoon :woohoo:
[b][color=red][size=5][b]Dow 26,150.58 -190.44 -0.72%
S&P 500 2,878.20 -17.57 -0.61%
Nasdaq 7,909.28 -44.61 -0.56%
Gold 1,308.40 6.50 0.50%
Oil 64.15 -0.25 -0.39% [/b][/size][/color]
US MBA mortgage applications W/E. 5 April -5.6% vs +18.6% prior
Mortgage Bankers Association for the week ending 5 April 2019
Purchase index 278.1 vs 276.6 prior
Market index 475.6 vs 503.6 prior
Refinancing index 1,582.6 vs 1,786.0 prior
30-year mortgage rate 4.40% vs 4.36% prior[size=5][color=red][b]US March CPI +1.9% v +1.8% expected
Prior was 1.5%[/b][/color][/size]
Ex food and energy +2.0% vs +2.1% y/y expected
Month-over-month data:
CPI +0.4% vs +0.4% expected Prior 0.2% m/m
Ex food and energy +0.1% vs +0.2% expected Prior ex food and energy +0.1%
Wages:
Average weekly earnings +1.3% y/y vs +1.9% prior
Real average hourly earnings +1.3% y/y vs +1.6% priorBreaking political news (which can be almost hourly these days – but this time in opposite direction) 😉 :whistle: …AGOTUS (Attorney General Barr) has started a brand NEW investigation of potential unlawful SPYING activities of prior ADMIN that lead to Mueller investigation :ohmy: … 2016 FBI being investigated … IOW a search for the WITCHES in the WITCHHUNT :woohoo:
https://www.cnn.com/2019/04/10/politics/barr-doj-investiation-fbi-russia/index.html
[color=teal][size=5][b]Winter Storm “Wesley” is a MONSTER storm
with BLIZZARD warnings in 13 states :woohoo:
and MAJOR Tornado threats in southern branch of storm :ohmy:[/b][/size][/color]
https://weather.com/storms/winter/news/2019-04-08-winter-storm-wesley-plains-blizzard-april
SCIENCE breaking news — 1st photograph of BLACK HOLE in deep space 8)
https://www.newscientist.com/article/2199330-first-ever-real-image-of-a-black-hole-revealed/
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