Market Weekly: Aug 14-Aug-18-2017

Viewing 15 posts - 16 through 30 (of 55 total)
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  • #11183
    Assistanc3
    Participant

    At the close

    Dow +0.04% to 22,002.29. S&P -0.05% to 2,464.38. Nasdaq -0.11% to 6,333.59.
    Treasurys: 30-year -0.38%. 10-yr -0.29%. 5-yr -0.19%.
    Commodities: Crude +0.04% to $47.61. Gold -0.92% to $1,278.54.
    Currencies: Euro -0.34% vs. dollar. Yen +0.78%. Pound +0.78%.

    #11184
    Assistanc3
    Participant

    Bloomberg reports that Apple ($AAPL) plans to sell $1.96B in senior unsecured seven-year bonds in Canada
    The funds will go towards stock buybacks and dividends.

    The offering would serve as Apple’s first bond sale in the country and mark the largest of such deals from a foreign company.

    #11185
    ClemSnide
    Participant

    [quote=”Assistanc3″ post=913]Bloomberg reports that Apple ($AAPL) plans to sell $1.96B in senior unsecured seven-year bonds in Canada
    The funds will go towards stock buybacks and dividends.

    The offering would serve as Apple’s first bond sale in the country and mark the largest of such deals from a foreign company.[/quote]

    Interesting on Apple – I wonder if that is also a tax play from Apple

    #11194
    ThePitBoss
    Participant

    The Federal Reserve will release minutes of its most recent policy meeting today at 2:00PM ET (18:00GMT).

    The Fed left interest rates unchanged as widely expected following its meeting on July 26 and said it expected to start shrinking its massive holdings of bonds “relatively soon”.

    Market pricing in about a 50% chance of another rate hike by December

    #11195

    ^^^ YES – when JANET speaks — WALL STREET listens … Chief “A3” Perry White has all his reporters on FED WATCH this afternoon 😉 8)

    #11200

    [size=5][b][color=purple]Some of high points of FED minutes, as Janet & company are mostly comfortable at this point:

    (1) Not worried about record stock market valuations
    (2) patient on interest rates (gradual as needed)
    (3) inflation continues to be slow
    (4) September may start some of unwinding of balance sheets[/color][/b][/size]

    http://www.marketwatch.com/story/some-fed-members-say-bank-can-be-patient-on-interest-rates-due-to-low-inflation-2017-08-16

    #11201
    Assistanc3
    Participant

    [quote=”ClemSnide” post=914][quote=”Assistanc3″ post=913]Bloomberg reports that Apple ($AAPL) plans to sell $1.96B in senior unsecured seven-year bonds in Canada
    The funds will go towards stock buybacks and dividends.

    The offering would serve as Apple’s first bond sale in the country and mark the largest of such deals from a foreign company.[/quote]

    Interesting on Apple – I wonder if that is also a tax play from Apple[/quote]

    absolutely it is
    last time they issued debt in the U.S. it was to pay for dividends

    thats how bad the US tax code is, a company as wealthy as Apple will take on debt just to get around paying Uncle Sam who wants to double dip in taxation.

    #11202
    TradersCom
    Keymaster

    [quote=”CautiousInvestor” post=929][size=5][b][color=purple]Some of high points of FED minutes, as Janet & company are mostly comfortable at this point:

    (1) Not worried about record stock market valuations
    (2) patient on interest rates (gradual as needed)
    (3) inflation continues to be slow
    (4) September may start some of unwinding of balance sheets[/color][/b][/size]

    http://www.marketwatch.com/story/some-fed-members-say-bank-can-be-patient-on-interest-rates-due-to-low-inflation-2017-08-16%5B/quote%5D

    FOMC Minutes Show Fed Inflation Confusion

    Written by TradersCom
    Category: Central Banks
    Published: 16 August 2017

    The FOMC minutes from the last meeting underscore just how confused the majority of the Fed is about what inflation is not higher. Most Fed officials also support a balance sheet move at the next FOMC meeting.

    The US dollar sold off across the board with the concerns about inflation again putting into question expected rate rises by the Fed.

    Inflation Minute Highlights
    Several said inflation risk could be to the downside
    Many saw sub 2% inflation for longer than expected
    Official saw inflation pick up over next couple of years.
    Many Fed officials saw weak inflation due to idiosyncratic factors
    Some officials concerned by weak inflation, argue for patience
    Fed split on assessment if inflation expectations well anchored

    https://traderscommunity.com/index.php/central-banks/141-fomc-minutes-show-fed-inflation-confusion

    #11203
    Assistanc3
    Participant

    July housing Starts: 1.155M vs. 1.225M expected and 1.215M prior.
    Building permits 1.223M vs. 1.246M expected.

    MBA Mortgage Applications
    Composite Index: +0.1% vs. +3.0% last week.
    Purchase Index: -2.0% vs. +1.0%.
    Refinance Index: +2.0% vs. +5.0%
    30 year mortgage rate at 4.12% vs. 4.14% last week.

    China has reclaimed it’s position as the largest foreign holder of U.S. debt, displacing Japan which had held the top spot since October.
    It’s increased its holdings for the fifth straight month, buying $44.3B of Treasuries in June for a total of $1.147T.

    #11204
    Assistanc3
    Participant

    At the close

    Dow +0.13% to 22,027.18. S&P +0.14% to 2,468.18. Nasdaq +0.19% to 6,345.16.
    Treasurys: 30-year +0.45%. 10-yr +0.26%. 5-yr +0.14%.
    Commodities: Crude -1.64% to $46.77. Gold +0.64% to $1,287.89.
    Currencies: Euro +0.31% vs. dollar. Yen -0.44%. Pound -0.14%.

    #11205
    TradersCom
    Keymaster

    [quote=”Assistanc3″ post=930][quote=”ClemSnide” post=914][quote=”Assistanc3″ post=913]Bloomberg reports that Apple ($AAPL) plans to sell $1.96B in senior unsecured seven-year bonds in Canada
    The funds will go towards stock buybacks and dividends.

    The offering would serve as Apple’s first bond sale in the country and mark the largest of such deals from a foreign company.[/quote]

    Interesting on Apple – I wonder if that is also a tax play from Apple[/quote]

    absolutely it is
    last time they issued debt in the U.S. it was to pay for dividends

    thats how bad the US tax code is, a company as wealthy as Apple will take on debt just to get around paying Uncle Sam who wants to double dip in taxation.[/quote]

    And at this point TPTB wont challenge them – Interesting to see Pres Trump challenge $AMZN today so that may change – I think Apple already said are transferring jobs back to US.

    #11207
    Assistanc3
    Participant

    Apple reportedly planning to spend $1-billion developing TV and movies

    Apple has also hired Matt Cherniss, who until recently was president of Tribune Media Co.’s WGN America cable network, to head development. Cherniss reports to Erlicht and Van Amburg, who in turn report to Apple services chief Eddy Cue. The team is still hiring aggressively, one of the people said.

    #11208
    Assistanc3
    Participant

    anyone else getting the feeling Apple is to big to fail?

    #11210
    TradersCom
    Keymaster

    [quote=”Assistanc3″ post=936]Apple reportedly planning to spend $1-billion developing TV and movies

    Apple has also hired Matt Cherniss, who until recently was president of Tribune Media Co.’s WGN America cable network, to head development. Cherniss reports to Erlicht and Van Amburg, who in turn report to Apple services chief Eddy Cue. The team is still hiring aggressively, one of the people said.[/quote]

    Interesting is that to enter news or create its own spin doctor with the so called ‘fake news’ trend?

    #11211
    TradersCom
    Keymaster

    [quote=”Assistanc3″ post=937]anyone else getting the feeling Apple is to big to fail?[/quote]

    They are huge and in every other pension fund it seems – AMZN is probably more that at these valuations market risk wise no?

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