Market Weekly: Aug 14-Aug-18-2017

Viewing 15 posts - 1 through 15 (of 55 total)
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  • #11126
    Assistanc3
    Participant

    [article]134[/article]

    #11132

    ^^^^ +3 and THANK YOU to the CHIEF for the insightful look ahead of the coming week. 8) 8)

    #11133
    Helmholtz Watson
    Participant

    Retail indeed – retail sales, Walmart, home Depot and some big tech CSCO and AMAT – have a great week all – will North Korea be the news feed this week or another distraction?

    #11134

    RALLY TIME … back to land of 22,000 … as market is roaring back to life at start of week (after a MINOR 1% “great correction” last week) 😉 🙂

    #11137
    Helmholtz Watson
    Participant

    Driven by FOMO – yet again 🙂

    #11142
    ThePitBoss
    Participant

    European indices closes all higher to start week off

    France’s CAC up 1.4%
    German DAX up 1.4%
    Italy FTSE MIB 1.7%
    Portugal PSI20 up 1.3%
    Spain Ibex up 1.4%
    UK FTSE up 0.7%

    #11151
    Assistanc3
    Participant

    low volume trading day,

    not something you want to see on a rally because its shows lack of conviction

    #11152
    Assistanc3
    Participant

    #11153
    Assistanc3
    Participant

    Fed’s Dudley Says He Still Favors Another Rate Hike in 2017

    #11154
    Assistanc3
    Participant

    Share repurchases by American companies this year are down 20 percent from this time a year ago, according to Societe Generale

    #11155
    Assistanc3
    Participant

    At the close

    Dow +0.59% to 21,986.99. S&P +0.99% to 2,465.78. Nasdaq +1.34% to 6,340.09.
    Treasurys: 30-year -0.28%. 10-yr -0.21%. 5-yr -0.13%.
    Commodities: Crude -2.68% to $47.51. Gold -0.53% to $1,287.18.
    Currencies: Euro -0.32% vs. dollar. Yen +0.45%. Pound +0.36%.

    #11158

    [b][size=5]as in movie Australia … the bulls were stampeding on WALL STREET
    still one should be CAUTIOUS at these lofty levels ;)[/size][/b] 8) 8) 8)

    #11168
    Helmholtz Watson
    Participant

    You don’t need to be a rocket scientist to know that something needs to change with the culture of the no risk BTFD behind each rip higher regardless of valuation.

    #11179

    while things appear a little chaotic in the real world, it’s so BORING on WALL STREET today — that even the VULTURES might fall asleep 😉 8)

    #11182
    Assistanc3
    Participant

    July Retail Sales: +0.6% M/M to $478.9B vs. +0.3% expected, -0.2% prior (revised).
    Ex-autos: +0.5% M/M vs. +0.3% expected, -0.2% prior
    Ex-gas and autos: +0.5% M/M vs. +0.4% expected, -0.1% prior..
    Control group +0.6% vs. +0.4% consensus., -0.1% prior.

    August Empire State Survey: +15.4 to 25.2 vs. 10 expected, 9.8 prior.
    New Orders 20.6 vs. 13.3.
    Shipments 12.4 vs. 10.5
    Number of Employees 6.2 vs. 3.9

    Redbook Chain Store Sales: +2.5% Y/Y vs. +2.7% last week.
    Month-to-date sales up 2.6% through August 12.
    August sales are expected to increase 3.1%.

    June business inventories: +0.5% at $1,869.3B vs. 0.4% consensus and +0.3% prior.
    Sales: +0.3% at $1,356.8B.
    Inventory/Sales ratio of 1.38.

    Aug NAHB Housing Market Index: 68 vs. 65 consensus and 64 prior.

    Speaking on an American Banker podcast, Dallas Fed President Robert Kaplan – noting the unemployment rate still hasn’t returned to its pre-recession low – says slack remains in the labor market.
    While further tightening in employment should translate into wage pressure, he expects it to be lower than in the past.
    It’s appropriate, he says, to be patient on the timing of the next rate hike.

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