Market Weekly: Jan 20 2018 – Jan 26 2019

Viewing 15 posts - 16 through 30 (of 37 total)
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  • #19633
    TradersCom
    Keymaster

    Canada November retail sales -0.9% vs -0.6% expected

    Weakest since April 2018

    Prior was +0.3% (revised down to +0.2%)

    Ex autos -0.6% vs -0.4% exp
    Prior ex autos 0.0% (revised to -0.2%)

    #19634

    [size=5][color=green][b][i]RALLY TIME on WALL STREET … DOW up +280
    [/size]

    #19635
    TradersCom
    Keymaster

    [size=5][color=red][b]US Richmond Fed Manufacturing index for January -2 as expected
    Prior -8[/b][/color][/size]

    Richmond Fed services index +6 versus +10 in December
    manufacturing shipments -8 versus -25 prior
    employees 19 versus 14
    wages 31 versus 31
    average workweek 3 versus 3
    shipments -8 versus -25 prior
    new order -11 versus -9 prior
    order backlog -21 versus -18 prior
    capacity utilization 3 versus -16 prior

    inventory levels of finished goods slowed to 3 vs 13 last month
    inventories of raw goods rose to 23 versus 15 last month

    #19639
    Truman
    Participant

    Both US and Canada recognize Juan Guaido as interim President of Venezuela – statements via Trump and Trudeau

    Trump released a statement to say the USA will use “the full weight of United States economic and diplomatic power to press for the restoration of Venezuelan democracy.”

    The statement called upon other western hemisphere governments to recognize Guaido as the interim President of Venezuela also.

    #19640

    [color=teal][size=5][b]^^^^ +1s and THANK YOU @ Blarney … YES – that is why markets quickly went from GREEN to RED 🙂
    The VENZ. geopolitical issues stopped our nice early morning rally 😮
    Other POTUS’s have simply spoken about what’s wrong :whistle:
    verses the Gen Patton like “LETS JUST DO IT” approach of 45 – lol 😉 :woohoo:
    plus State of Union will not take place in HOUSE until GOVT shutdown ends as Nancy says “NO” :whistle:
    so the SOTU speech will likely be in TEXAS 8)[/b][/size][/color]

    OHHHH THE HUMANITY 😉 :woohoo: :woohoo: :woohoo: :woohoo: :woohoo:

    #19641

    [size=5][color=green][b]Dow 24,575.62 171.14 0.70%
    S&P 500 2,638.70 5.80 0.22%
    Nasdaq 7,025.77 5.41 0.08%
    Gold 1,288.00 -1.50 -0.12%
    [/size]

    #19642
    ThePitBoss
    Participant

    European Stockmarket Closes

    France: CAC 40 4840.38 -7.15 -0.15%
    Germany: DAX 11071.54 -18.57 -0.17%
    Italy: FTSE MIB 19400.15 -37.12 -0.19%
    Spain: IBEX 35 9128.80 91.30 1.01%
    UK: FTSE 100 6842.88 -58.51%

    #19646
    Super Harley
    Participant

    Look who is back…

    Jeffrey Gundlach‏
    Verified account @TruthGundlach
    Jan 22

    DoubleLine has concluded certain potentially suspicious activity was in fact innocuous. Therefore I will not be suspending my account.

    #19650
    TradersCom
    Keymaster

    [size=5][color=green][size=5]US January prelim Markit services PMI 54.2 vs 54.0 expected
    Prior 54.4[/size][/color][/size]

    Manufacturing 54.9 vs 53.5 expected
    Prior manufacturing 53.8
    Composite 54.5 vs 54.4 prior
    Services employment 52.1 vs 53.6 prior, lowest since April 2017
    Composite employment 52.5 vs 53.4 prior
    Manufacturing output 55.9 vs 54.3 prior

    #19654

    [color=teal][size=5][b]GOOD MORNING to all — MARKETS are relatively FLAT so far today even with USA shutdown
    Thought for today from a pastor friend on FB — let’s open up GOVT & shutdown the media – LOL[/b][/size][/color]

    #19655
    ThePitBoss
    Participant

    European Stockmarket Closes

    [color=green]France: CAC 40 4871.96 31.58 0.65%
    Germany: DAX 11130.18 58.64 0.53%
    Italy: FTSE MIB 19564.48 164.33 0.85%
    Spain: IBEX 35 9150.00 21.20 0.23%[/color]
    UK: FTSE 100 6818.95 -23.93 -0.35%

    #19657

    [size=5][b]Dow 24,553.24 -22.38 -0.09%
    [color=green]S&P 500 2,642.33 3.63 0.14%
    Nasdaq 7,073.46 47.69 0.68% [/color]
    Gold 1,286.00 -4.20 -0.33%
    Oil 53.12 0.50 0.95%[/b][/size]

    Stalemate continues unfortunately on GOVT shutdown & associated issues :unsure:

    #19662

    [color=purple][size=5][i]GOOD FRIDAY MORNING — hope it is a good day & weekend to all 8)
    Dow futures are up +160 … bitter cold in SW VA at 23F with high winds
    Hopefully the boys & girls in “District of Crime” can end GOVT shutdown
    as I like the Lindsey Graham plan for the 3 week negotiation period
    and get folks working & paid up properly for services they provide to our nation[/i][/size][/color]

    #19663
    KnovaWave
    Participant

    Hope runs internal ;;;; S&P 500 futures up 31 points at open

    Shares of Intel are down 6% pre-market but speculation about a shutdown solution and US-China trade deal – Trump said he would support an agreement if McConnell and Schumer reached an agreement – no Nancy in that picture…

    The week opened was 2671 lets see if the PPT can pin the weekly winning streak to five.

    I will get the charts together at the end of the session – have a great day all

    #19664
    KnovaWave
    Participant

    [b][size=5]To go with the BDI chart:
    [/size][/b]

    CONTAINER freight rates have fallen sharply since the middle of 2018 confirming that global trade is losing momentum:

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