Market Weekly: Dec 18 Dec 22 2017

Viewing 15 posts - 16 through 30 (of 37 total)
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  • #13981
    Assistanc3
    Participant

    Q3 Current Account: -$100.6B vs. -$116.7B consensus, -$124.4B (revised from $123.1B)

    November Housing Starts: 1.297M vs. 1.240M expected and 1.256M prior (revised up).
    Building permits 1.298M vs. 1.270M expected and 1.316M prior (revised up).

    Redbook Chain Store Sales: +4.4% YoY vs. +3.3% last week.
    Month-to-date chain store sales +3.6%.
    Redbook expects sales to be up 4.5% for the crucial holiday month.

    #13983
    Assistanc3
    Participant

    S&P 500 dividends no longer as appealing relative to US Treasuries.

    The gap between S&P dividend yield and 2y US govt bond yield almost closed for the first time since the financial crisis

    #13985
    Assistanc3
    Participant

    Senate panel rejects Trump nominee Scott Garrett to head Ex-Im Bank

    With two Republicans breaking ranks, the Senate Banking Committee Tuesday morning rejected President Trump’s nominee to head the Export-Import Bank, amid fears that former Rep. Scott Garrett did not support the mission of the agency designed to aid U.S. exporters seeking financing.

    The panel voted 13-10 not to support Mr. Garrett, a New Jersey Republican who served seven terms in the House before retiring in 2017.

    Conservatives have long targeted the Ex-Im Bank, saying it amounts to corporate welfare for large corporations such as Boeing. The agency provides guarantees for U.S.-based companies seek to finance export deals where conventional private-sector funding is not available.

    Mr. Garrett’s nomination was already considered to be in trouble when Sen. Mike Rounds, a South Dakota Republican who serves on the banking committee, announced last week he would vote against Mr. Trump’s nominee.

    https://www.washingtontimes.com/news/2017/dec/19/senate-panel-rejects-trump-nominee-scott-garrett-h/

    #13986
    Assistanc3
    Participant

    US House Vote on Tax Reform
    passed 227-203

    #13987

    [color=teal][size=5][b]TAX BILL passes in HOUSE .. possible vote in SENATE tonight or tomorrow … and signature by POTUS to occur a day or two later to tidy up as needed .. indeed a great Christmas present … and it can “pay for itself” as follows

    1. velocity & recirculation principals of money grows jobs & GDP & trickles in more taxes
    2. re-patriotism of overseas money (8% to do that)
    3, more jobs will be created & economy will move to 4% GDP 8)[/b][/size][/color]

    #13988

    Prayers & deepest sympathy for those impacted by SEATTLE Amtrak disaster …. I do hope INFRASTRUCTURE is next on list

    #13990
    Assistanc3
    Participant

    ya’ll got any of those NAFTA agreements because Canada is going to be hurting country in the medium/long term

    What is Canada exporting?
    automobiles, oil, coal, etc

    a long list of things America doesn’t need or the world doesn’t want from Canada

    #13993
    MoneyNeverSleeps
    Participant

    Potash, Bieber, weed ….

    #13994
    Assistanc3
    Participant

    At the close
    Dow -0.14% to 24,756.64. S&P -0.32% to 2,681.78. Nasdaq -0.44% to 6,963.93.
    Treasurys: 30-year -0.94%. 10-yr -0.38%. 5-yr -0.18%.
    Commodities: Crude +0.63% to $57.58. Gold -0.02% to $1,265.20.
    Currencies: Euro +0.52% vs. dollar. Yen +0.27%. Pound -0.03%.

    #14006
    Assistanc3
    Participant

    On Friday, December 15, 2017, Washington Federal Bank For Savings, Chicago, IL was closed by the Office of the Comptroller of the Currency. The FDIC was appointed Receiver. All non-brokered insured deposits have been transferred to Royal Savings Bank, Chicago, IL.

    #14013
    Assistanc3
    Participant

    US old Tax Rate 34.6%
    US new Tax Rate 18.8%

    Tax Rate in: Mexico 19.7%
    Mexico Is Experiencing the Highest Job Growth in Its Modern History

    Tax Rate in: Canada 21.2%
    Canada’s jobless rate hits lowest since 2008 as hiring spikes

    #14023

    [size=5][b]TINY BIT of “SELL on the GOOD NEWS” type close 🙂

    [color=red]Dow Jones 24,726.65 -28.10 (-0.11%)
    S&P 500 2,679.25 -2.22 (-0.08%)
    Nasdaq 6,960.96 -2.89 (-0.04%[/color])[/b][/size]

    #14024

    Thankful for passage of TAX reform act of 2018 🙂 … #45 will seal the deal soon 8) … it’s definitely not perfect & while I would have structured differently, But, I can’t see where getting a few thousand $$$ back each year of MY OWN MONEY is a bad thing? — as is being mischaracterized in fake news reports. I believe it will be good for America as the economic engine is beginning to purr again 🙂 I think some IRS jobs will be reduced over time with almost a post card submission each year

    #14025
    Assistanc3
    Participant

    if you go by Democrats on social media, the tax bill is the end of the world

    #14056
    Assistanc3
    Participant

    Initial Jobless Claims +20K to 245K vs. 234K consensus, 225K prior (unrevised).
    Continuous Claims:+43K at 1.932M vs. 1.889M.

    GDP Q3: +3.2% vs. +3.3% consensus and +3.3% prior estimate.
    Q3 Corporate Profits: +4.3% Q/Q, 0.7% prior.
    November Philly Fed Business Outlook: +26.2 vs. +21.0 expected, 22.7 prior.
    Nov. Chicago Fed National Activity Index: +0.15 vs. +0.20 expected and +0.76 (revised) prior.
    Oct. FHFA Housing Price Index: +0.5% M/M , +0.4% consensus, +0.3% previous.
    +6.6% Y/Y vs. +6.3% previous.

    Nov. Leading Indicators: +0.4% to 130.9 vs. +0.3% consensus, +1.2% prior (revised).
    Coincident Economic Index +0.3% to 116.5.
    Lagging Economic Index +0.1% to 125.6.

Viewing 15 posts - 16 through 30 (of 37 total)
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