Market Weekly: Feb 19 Feb 23 2018

Viewing 15 posts - 16 through 30 (of 44 total)
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  • #15111
    Assistanc3
    Participant

    At the close
    Dow -1.04% to 24,957.84. S&P -0.59% to 2,716.62. Nasdaq -0.07% to 7,234.59.
    Treasurys: 30-year -0.08%. 10-yr +0.05%. 5-yr +0.04%.
    Commodities: Crude +0.13% to $61.63. Gold -1.77% to $1,332.20.
    Currencies: Euro -0.56% vs. dollar. Yen +0.65%. Pound +0.07%.

    #15112

    #15117
    TradersCom
    Keymaster

    [quote=”Assistanc3″ post=4872]The Car of the Future Will Sell Your Data

    “Carmakers recognize they’re fighting a war over customer data,” said Roger Lanctot, who works with automakers on data monetization as a consultant for Strategy Analytics. “Your driving behavior, location, has monetary value, not unlike your search activity.”

    Carmakers’ ultimate objective, Lanctot said, is to build a database of consumer preferences that could be aggregated and sold to outside vendors for marketing purposes, much like Google and Facebook do today.

    https://www.bloomberg.com/news/articles/2018-02-20/the-car-of-the-future-will-sell-your-data%5B/quote%5D

    After one little blip in the USD – looks like it just back being a currency IMHO

    #15118
    TradersCom
    Keymaster

    [quote=”TradersCom” post=4881][quote=”Assistanc3″ post=4872]The Car of the Future Will Sell Your Data

    “Carmakers recognize they’re fighting a war over customer data,” said Roger Lanctot, who works with automakers on data monetization as a consultant for Strategy Analytics. “Your driving behavior, location, has monetary value, not unlike your search activity.”

    Carmakers’ ultimate objective, Lanctot said, is to build a database of consumer preferences that could be aggregated and sold to outside vendors for marketing purposes, much like Google and Facebook do today.

    https://www.bloomberg.com/news/articles/2018-02-20/the-car-of-the-future-will-sell-your-data%5B/quote%5D

    After one little blip in the USD – looks like it just back being a currency IMHO[/quote]

    Privacy – gone

    #15119

    [size=5]BREAKING NEWS — Rev. Billy Graham, 99 has passed away after a life of great works for humanity
    https://www.usatoday.com/story/news/nation/2018/02/21/billy-graham-americas-pastor-has-died/858017001/%5B/size%5D

    #15120
    Assistanc3
    Participant

    January Existing Home Sales: -3.2% to 5.38M vs. consensus 5.60M, 5.560M previous (revised from 5.570M).

    February U.S. PMI Composite Flash: 55.9 vs. 54 consensus, 53.8 prior.
    Services PMI 55.9 vs. 53.5 consensus, 53.3prior.
    Manufacturing PMI 55.9 vs. 55 consensus, 55.5 prior.

    MBA Mortgage Applications
    Composite Index: -6.6% vs. -4.1% last week.
    Purchase Index: -6.0% vs. -6.0%.
    Refinance Index: -7.0% vs. -2.0%
    30 year mortgage rate at 4.64% vs. 4.57%.

    #15122

    “Wally’s World” … WMT down another 2% today as “brick & mortuary” concerns in retail sector, plus inability to compete with Amazon online are issues (12% last 2 days) … still, after some correction to valuations, they will likely rebound & forge ahead — as they are one of top USA retail companies

    #15125
    Assistanc3
    Participant

    At the close
    Dow -0.68% to 24,795.20. S&P -0.55% to 2,701.20. Nasdaq -0.22% to 7,218.34.
    Treasurys: 30-year -0.83%. 10-yr -0.25%. 5-yr -0.13%.
    Commodities: Crude -1.13% to $61.09. Gold -0.38% to $1,326.20.
    Currencies: Euro -0.39% vs. dollar. Yen +0.34%. Pound +0.52%.

    #15126
    Assistanc3
    Participant

    Implied probability of three FOMC hikes in 2018: 66.6%

    #15127
    Assistanc3
    Participant

    [quote=”CautiousInvestor” post=4886]“Wally’s World” … WMT down another 2% today as “brick & mortuary” concerns in retail sector, plus inability to compete with Amazon online are issues (12% last 2 days) … still, after some correction to valuations, they will likely rebound & forge ahead — as they are one of top USA retail companies[/quote]

    #15128

    OHHHH the humanity :ohmy: :ohmy: :ohmy: :ohmy:

    #15138
    Assistanc3
    Participant

    UK Q4 provisional GDP qq 0.4% vs 0.5% exp
    UK CBI Feb retail sales balance +8 vs +13 exp
    Germany Feb IFO business climate 115.4 vs 117.0 exp
    France January final CPI m/m -0.1% vs -0.1% prelim
    France February business confidence 109 vs 110 expected
    Italy January final CPI m/m +0.3% vs +0.2% prelim
    Italy December industrial sales m/m +2.5% vs +1.3% prior
    Switzerland Q4 industrial output WDA y/y +8.7% vs +8.6% prior

    #15144

    [color=green][size=5][b]UP, UP, and AWAY 😆
    DOW up +175 in GREEN & near 25,000 again 8)
    FEAR NOT savvy investors & traders 8)[/b][/size][/color]

    #15149
    Assistanc3
    Participant

    U.S. jobless claims near 45-year low
    Initial Jobless Claims -7K at 222K vs. 230K consensus, 229K prior (revised).
    Continuous Claims: -73K at 1.875M vs. 1.948M.

    Jan. Leading Indicators: +1.0% to 108.0 vs. +0.6% consensus, +0.6% prior (unrevised).
    Coincident Economic Index +0.1% to 103.0.
    Lagging Economic Index +0.1% to 104.0.

    The Bloomberg Consumer Comfort Index fell to 56.6 from 57.0 last week.
    The State of the Economy index rose to 61.7 from 61.0.
    The Personal Finance index dropped to 60.4 from 61.5
    The Buying Climate index slipped to 47.8 from 48.6.

    The 30-year fixed mortgage rate reached its highest level since April 2014, according to the latest weekly survey from Freddie Mac.
    The average 30-year rate rose for the seventh straight week to 4.40% for the week ending Feb. 22, up from 4.38% in the previous week, and the 15-year rate averaged 3.85%, up from 3.84% a week ago; last year at this time, the 30-year and 15-year fixed rates averaged 4.16% and 3.37%, respectively.

    EIA Petroleum Inventories: Crude -1.6M barrels vs. +1.8M consensus, +1.8M last week.
    Gasoline +0.3M barrels vs. -0.3M consensus, +3.6M last week.
    Distillates -2.4M barrels vs. -1.5M consensus, -0.5M last week.

    February Kansas City Fed Composite Index: +17, vs. +16.5 consensus, +16 prior.
    Manufacturing Index +21 vs. +16 prior.

    #15150

    WOW – DOW is now up 323 points … let’s keep A3 awake until the 4pm close 😆 😆 😆 😆

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