Market Weekly: Aug 18 – August 24 2019

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    [b][color=purple][i]Where have we been and where are we … Wishing all a great week ahead :)l
    plus peace in our nation, Hong Kong, and all other trouble spots around the world
    and sometimes it best for the youth to listen to wisdom of their dads ๐Ÿ˜‰ 8)[/i][/color][/b]



    Huawei To Get Another 90 days reprieve – Reuters

    Reuters is citing two unnamed sources claiming knowledge over the matter, according to whom the U.S. Commerce Department is about to extend the 90-day reprieve in place for Huawei for another 90 days. This would allow the Chinese tech giant to continue purchasing U.S. technology beyond the first grace period ending Monday, August 19.

    The situation surrounding the license, which has become a key bargaining chip for the United States in its trade negotiations with China, remains fluid and the decision to continue the Huawei reprieve could change ahead of the Monday deadline โ€” Reuters

    The report mentions that U.S. President Donald Trump and Chinese President Xi Jinping are expected to have a talk this weekend over the topic of Huawei. While there is no official stance yet on the matter from either party, itโ€™s going to be a waiting game, with Commerce Secretary Willbur Ross limiting its comments on the topic to: โ€œOn Monday Iโ€™ll be happy to update you.โ€


    [size=5][i]GOOD MONDAY morning to all … while very HOT in SW VA, we’d better enjoy while we can
    DOW FUTURES are up +250 …I was kidding at work that we’d have to all work another year ๐Ÿ˜‰ :woohoo:
    before retiring to make up for -800 DOW loss last week — but it’s been done in only a week
    Those who sold in FEAR on inverted yield of 2yr & 10yr T-Bills did time markets wrong
    and there is RISK and the need to be a CAUTIOUS INVESTOR & even take some profits at record levels
    as the WALL ST BEARS may not arrive, but the DEER can still get into garden 8)[/i][/size]


    Have a great week all – to think this time it was the end of the world etc etc …


    YAY – Great finish today on WALL STREET to help make up for recent losses 8)
    [color=green][size=5][b]Dow 26,135.59 249.58 0.96%
    S&P 500 2,923.58 34.90 1.21%
    Nasdaq 8,002.81 106.82 1.35%
    GlobalDow 2,942.14 25.01 0.86%
    Gold 1,505.00 -18.60 -1.22%
    Oil 56.25 1.38 2.52%[/b][/size][/color]


    [size=5][i]Ohhhh the humanity ::woohoo: :woohoo: :woohoo:
    but a better version of a GREEN NEW DEAL:woohoo:
    This could be the next Louisiana or Alaska purchase ๐Ÿ˜‰
    to out-shine all other presidents – lol ;):whistle: :whistle: :whistle: :whistle:
    and actually would be a great purchase ;)[/i][/size]


    Philadelphia Fed non manufacturing general business activity 7.5 v 21.4 last month

    nonmanufacturing general business activity for your firm 32.5 v 24.6 last month
    new orders 9.4 v 25.5 last month

    number of employees full-time 22.1 versus 21.1 last month
    number of employees part-time 13.5 versus 11.6 last month
    average employee workweek 17.4 versus 18.7 last month
    wages and benefit costs 43.2 versus 37.0 last month

    capital expenditures โ€“ physical plant 15.9 versus 18.0 last month
    capital expenditures equipment and software 29.7 versus 21.9 last month

    sales revenues 28.5 versus 22.5 last month
    unfilled orders 1.1 versus 13.1 last month
    inventories 5.8 versus 8.6 last month
    prices paid 29.2 versus 12.2 last month
    prices received 14.0 versus 20.5 last month

    Six months from now

    what is your assessment of general business activity for the region -0.7 versus 21.8 last month
    what is your assessment of general business activity for your firm 26.8 versus 36.0 last month


    [quote=”CautiousInvestor” post=11502][size=5][i]Ohhhh the humanity ::woohoo: :woohoo: :woohoo:
    but a better version of a GREEN NEW DEAL:woohoo:
    This could be the next Louisiana or Alaska purchase ๐Ÿ˜‰
    to out-shine all other presidents – lol ;):whistle: :whistle: :whistle: :whistle:
    and actually would be a great purchase ;)[/i][/size]

    Have to think another distraction from the great distractor ๐Ÿ™‚


    Merkel says ‘practical solutions’ on backstop needed on Irish border

    GBP pops on news 80 pips to 1.217 at one point to fall back to 1,2120 on her clarification

    She is In Reykjavik,

    She later clarified that it could be changed in the political declaration and that the withdrawal agreement wouldn’t be reopened.


    Thankfully the herd & us passed safely thru severe T-storms in SW VA ๐Ÿ™‚


    [size=5][color=red][b]Dow 25,962.44 -173.35 -0.66%
    S&P 500 2,900.51 -23.14 -0.79%
    Nasdaq 7,948.56 -54.25 -0.68%
    Gold 1,517.60 6.00 0.40%
    Oil 56.18 -0.03 -0.05%[/b][/color][/size]


    [size=5][i]Good WED morning to all … DOW is up about +250 based on good earnings
    our wild & fearless leader wants to buy world’s largest island :ohmy:
    maybe as a “future Hawaii” when global warming does hit – lol ๐Ÿ™‚
    I agree with Denmark that it’s in their best interest to hold on 8)[/i][/size]


    Germany’s Angela Merkel and UK PM Johnson speaking on Brexit after meetings in Berlin.

    [b] Merkel
    Our goal is to continuing having tight relations with Britain after Brexit
    I would welcome a negotiated Brexit deal, but we are ready for all scenarios
    we need to be able to deal with possibility that Britain could be outside EU for one day to other
    European offer stands to negotiate trade deal after Brexit
    the moment we have a solution for the Irish border problem that we won’t need the backstop
    we need to make an effort to find a solution to backstop problem before Brexit date
    EU27 will have a united position on Brexit talks


    wonderful to be in Berlin
    our relationship with Germany is so important for UK
    want to be clear, we in the UK want a deal
    believes UK can get a deal
    clearly we cannot except the current withdrawal agreement
    we cannot accept any arrangements which divide the UK
    if we can remove backstop we can move forward together
    we are dedicated to the protection of the 3.2 million EU nationals in the UK
    if we can change the backstop we can make rapid progress


    [color=limegreen][size=5][b]Dow 26,202.73 240.29 0.93%
    S&P 500 2,924.43 23.92 0.82%
    Nasdaq 8,020.21 71.65 0.90%
    Gold 1,512.50 -3.20 -0.21%
    Oil 55.90 -0.23 -0.41%[/b][/size][/color]


    [size=5][color=teal][b]HOLY T-BILL troubles :woohoo:
    Another US yield flash inversion on 2 & 10 years :ohmy:
    plus GERMANY sells the 30 YEAR with NEGATIVE interest rate :unsure: [/b][/color][/size]

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