Market Weekly: Feb 5 Feb 9 2018

Viewing 15 posts - 31 through 45 (of 80 total)
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  • #14867

    wont be long till we are back to wearing 25,000 hats again


    At the close
    Dow +2.34% to 24,915.17. S&P +1.75% to 2,695.62. Nasdaq +2.13% to 7,115.54.
    Treasurys: 30-year -0.88%. 10-yr -0.59%. 5-yr -0.42%.
    Commodities: Crude -1.09% to $63.45. Gold -0.93% to $1,324.10.
    Currencies: Euro +0.03% vs. dollar. Yen +0.43%. Pound +0.08%.


    +567 and SUPER GREEN finish … you won’t hear much about that on the nightly news channel tonight – lol πŸ˜‰ 8)



    [color=purple][b]EARLY DOW FUTURES are DOWN minus 200 :ohmy:
    But we’ll take it compared to the wilder swings we have seen πŸ™‚
    Still things are highly volatile :whistle:
    Mitch S. noted that a couple of HEDGE funds folded once computer trading kicked in :woohoo:
    They were basically highly leveraged betting VIX would not rise 😳

    Also #44 has put out some boundary lines for a SHUTDOWN :whistle:
    and believe that “R” and “D” parties don’t need to tarnish themselves further πŸ‘Ώ
    after all there is an ELECTION comin’ up πŸ˜‰

    and hopefully this instability we see will be brief 8)
    But with ZIRP now being phased out, the days of EZ money are gone :)[/b][/color]



    Germany December industrial production m/m -0.6% vs -0.7% expected
    France December trade balance -€3.5 bn vs -€4.9 bn expected
    UK Jan Halifax house price index m/m -0.6% vs +0.2% expected
    Italy December retail sales m/m -0.3% vs +1.1% prior
    Japan Dec preliminary leading indicator index 107.9 vs 108.1 expected

    China January FX reserves $3.16T vs $3.14T prior
    Australia January foreign reserves AUD 65.3bn vs AUD 85.4bn
    SNB January foreign currency reserves CHF 731.4bn vs CHF 743.9 bn

    Germany’s DIHK raise 2018 GDP forecast to 2.7% vs 2.2% prev


    On the hour | 8:00 AM
    S&P -0.42%.
    10-yr +0.07%.
    Euro -0.27% vs. dollar.
    Crude -0.49% to $63.08.
    Gold -0.22% to $1,326.60.
    Bitcoin +24.33% to $8,308.


    Mortgage applications slightly higher despite sharp rise in interest rates

    MBA Mortgage Applications
    Composite Index: +0.7% vs. -2.6% last week.
    Purchase Index: flat vs. -3.0%.
    Refinance Index: +1.0% vs. -3.0%
    30 year mortgage rate at 4.50% vs. 4.41%


    [b][size=5][color=teal]FUTUREs have improved to where DOW is almost flat
    Let’s blast these INDEXs back into space πŸ˜‰ 8)[/color][/size][/b]


    Let’s make the DOW GREAT AGAIN πŸ˜† πŸ˜† πŸ˜† πŸ˜†


    Hoping for a FEARLESS finish πŸ™‚


    [color=red][b]A more normal FINISH for day (but still with wild swings) …
    Dow Jones 24,893.35 -19.42 (-0.08%)
    S&P 500 2,681.66 -13.48 (-0.50%)
    Nasdaq 7,051.98 -63.90 (-0.90%)[/b][/color]


    I crashed at 1pm …after telling TC he needs a coffee or break


    [size=5][color=teal][b]DOW & SP500 futures are members of FLAT earth society :whistle:
    and FLAT unchanged futures is a good thing in these highly volatile times πŸ˜‰ 8)[/b][/color][/size]

Viewing 15 posts - 31 through 45 (of 80 total)
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