Market Weekly: Feb 10 2019 – Feb 16 2019

Viewing 11 posts - 16 through 26 (of 26 total)
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  • #19848

    [size=5]https://news.yahoo.com/mccabe-25th-amendment-discussions-doj-remove-trump-office-140646145.html

    QUOTE: Former FBI Deputy Director Andrew McCabe says that after President Trump fired his boss, FBI Director James Comey, there were discussions within the Department of Justice about invoking the 25th Amendment to remove Trump from office. Last year, the New York Times reported that Deputy Attorney General Rod Rosenstein discussed recruiting Cabinet members to invoke the 25th Amendment.

    According to the Times, Rosenstein also suggested that he secretly record Trump in the White House. Rosenstein disputed the account, and a Justice Department official said he made the remark sarcastically. But McCabe told Pelley that Rosenstein’s offer to wear a wire was made more than once and that he ultimately took it to the lawyers at the FBI to discuss.

    He told Pelley he did so in order to preserve the FBI’s Russian probe in case there was an effort by Trump to terminate it. “I was very concerned that I was able to put the Russia case on absolutely solid ground, in an indelible fashion,” McCabe said. “That were I removed quickly, or reassigned or fired, that the case could not be closed or vanish in the night without a trace.”[/color][/size]

    #19849

    [size=5][color=red][i]US Markets have rebounded from 200 down to almost “flat” at this point
    The only RED we want to see are valentine hearts :)[/i][/color][/size]

    #19850

    [size=5][color=purple][i]THE STOCK MARKET IS LIKE A BOX OF CHOCOLATES
    YOU NEVER KNOW WHAT YOU’LL GET – HAPPY V-DAY TO ALL 8)[/i][/color][/size]

    [size=5][b][color=red]Dow 25,439.39 -103.88 -0.41%
    S&P 500 2,745.73 -7.30 -0.27%[/color]
    Nasdaq 7,426.95 6.58 0.09%
    Gold 1,315.70 0.60 0.05%
    Oil 54.47 0.57 1.06%[/b][/size]

    #19851

    [color=green][size=6][b]Dow 25,883.25 443.86 1.74%
    S&P 500 2,775.60 29.87 1.09%
    Nasdaq 7,472.41 45.46 0.61%
    Gold 1,324.40 10.50 0.80%
    Oil 55.72 1.31 2.41%[/b][/size][/color]

    [color=purple][size=5][i]SUPER GREEN FINISH – and thankful SHUTDOWN 2.0 was averted
    WOW — what a very “stormy” week & it’s uncertain “where we will go”
    Have a great weekend[/i][/size][/color] 8)

    #19852
    TradersCom
    Keymaster

    US January import price index -0.5% vs -0.2% expected
    Prior was -1.0%

    Cost of fuel imports went down 3.2 percent in January and 22.5 percent over the past 3 months, the largest drop over a 3-month period since the index fell 29.2 percent for the 3 months ended in February 2016. The January drop was primarily driven by a 44.2 percent fall in natural gas prices and a 0.1 percent decline in petroleum prices.

    Ex petroleum -0.7% vs -0.1% expected
    Import prices -1.7% y/y vs -1.6% expected

    [size=5]US Jan Export prices -0.6% vs -0.1% exp[/size]
    Export price index -0.2% y/y vs +1.1% prior

    Non-agricultural export prices edged down 0.3 percent (from -1.1 percent in December), as decreasing prices for nonagricultural industrial supplies & materials and consumer goods more than offset higher prices for capital goods and automotive vehicles. Also, agricultural export prices dropped 2.1 percent (from 3.8 percent), its largest monthly decrease since July of 2018 (-5.2 percent), as vegetable prices slumped 34.6 percent.

    #19853
    TradersCom
    Keymaster

    Empire Manufacturing index in February 8.8 v 7.0 estimate, Prior 3.9

    Employment 4.1 v 7.4 last month. after falling from 17.5 in December

    Average workweek 2.5 versus 6.8 last month
    New orders 7.5 versus 3.5 last month
    Prices paid 27.1 versus 35.9 last month
    Prices received 22.9 versus 13.1 last month
    Shipments 10.4 versus 17.9 last month

    General business condition index 6 months ahead rose to 32.3 from 17.8
    Future employment 19.1 versus 18.5 last month
    average workweek 16.4 versus 1.4 last month
    new orders 35.7 versus 19.5 last month
    shipments 35.1 versus 22.4 last month
    prices paid 37.1 versus 47.6 last month
    prices received 30.7 versus 28.3

    #19854
    TradersCom
    Keymaster

    Canada January Existing Home Sales Surprise +3.6% v -0.6% m/m expected, Prior -2.5% m/m

    Non-seasonally adjusted sales -4% y/y in weakest Jan since 2015
    Listing +1% m/m in January
    Prices up 0.8% y/y

    ” Homebuyers are still adapting to tightened mortgage regulations brought in last year. However, their impact on homebuyers varies by location, housing type and price segment,” said Barb Sukkau, CREA President in the release.

    #19855
    TradersCom
    Keymaster

    US January Industrial Production Steepest decline since May 2018, -0.6% vs +0.1% expected

    Prior of +0.3% revised down to +0.1%

    United States Industrial Production year-on-year at 3.8%

    Manufacturing production -0.9% vs 0.0% exp, Prior revised to +0.8% vs +1.1% initially

    Capacity utilization 78.2% vs 78.7% expected

    #19857
    TradersCom
    Keymaster

    [size=5][color=green][b]US February preliminary University of Michigan consumer sentiment 95.5 vs 93.5 expected
    Prior 91.2[/b][/color][/size]

    Current conditions 110.0 vs 111.6 expected, Prior108.8
    Expectations 86.2 vs 85.5 expected, Prior 79.9
    1-year inflation 2.5% vs 2.7% prior
    5-10 inflation expectations 2.3% vs 2.6% prior NOTE record low in 5-10 year inflation expectations. Hello Federal Reserve.

    #19859

    [color=purple][size=5][i]Winter ain’t over yet … a few more inches on top of mountain
    Keep an eye on the Dayton skies 😉 8)[/i][/size][/color]

    Neighborhood webcam 8)

    #19864

    http://www.daytonainternationalspeedway.com/Events/2019/DAYTONA-500/Schedule.aspx

    [size=5]1:20 pm VIP Appearance: DAYTONA 500 Champion Dale Earnhardt Jr. on UNOH Fanzone Main Stage
    1:45 pm DAYTONA 500 Pre-Race Concert featuring country music superstar Jake Owen
    2:00 pm Pre-Race Ceremonies Access: UNOH Fanzone/Pre-Race pass required
    2:00 pm DAYTONA 500 Driver Introductions
    2:30 pm 61st DAYTONA 500 (200 laps, 500 miles)[/size]

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