Market Weekly: Jan 22 Jan 26 2018

Viewing 15 posts - 16 through 30 (of 32 total)
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  • #14608


    I am off for a day and … you guys seen NG – crazy after close went limit up – first time since 2014 I believe


    [color=green][size=5][i][b]DOW NAZ & SP FUTURES ARE CLIMBING SKYWARD 8)
    Don’t worry as those golden WINGS won’t MELT ;)[/b][/i][/size][/color]


    At the close
    Dow +0.20% to 26,266.33. S&P -0.04% to 2,837.98. Nasdaq -0.61% to 7,415.50.
    Treasurys: 30-year -0.48%. 10-yr -0.2%. 5-yr -0.09%.
    Commodities: Crude +2.28% to $65.94. Gold +1.53% to $1,357.20.
    Currencies: Euro +0.84% vs. dollar. Yen -1.09%. Pound -1.46%.


    [color=green][b]The BEARS & VULTURES must patiently await the GREAT CORRECTION
    The TAX CUT is once in lifetime type opportunity for a TRUE economic spark
    I am so thankful to park some great 2017 gains to safety
    and hoping ICARUS flies even higher in 2018 :)[/b][/color]


    DOW FUTURES up 100 points … RALLY TIME DOOMERS 🙂


    “DOW up 200 pts”

    few hours later, S&P500 turns negative?


    Initial Jobless Claims +17K at 233K vs. 240K consensus, 216K prior (revised)..
    Continuous Claims: -28K at 1.937M vs. 1.965M.

    January Kansas City Fed Composite Index: +16, vs. +14 consensus, +13 prior.
    Manufacturing Index +16 vs. +16 prior.

    U.S. averaged fixed mortgage rates surged to their highest levels in 10 months, according to the latest survey from Freddie Mac.
    The 30-year fixed-rate mortgage averaged 4.15% for the week ending Jan. 25, spiking from 4.04% in its biggest one-week move since April, and the 15-year rate averaged 3.62%, surging from last week’s 3.49%; last year at this time, the 30-year and 15-year fixed rates averaged a respective 4.19% and 3.40%.

    December New Home Sales: 625K vs. 676K expected, 689K prior (revised from 733K).
    While the December pace slipped from November, it was 14.1% above the year-ago level.
    Checking regions, sales in the South fell to 331K from 367K, and in the West to 190K from 210K.
    Midwest sales fell to 63K from 70K, and Northeast to 41K from 42K.

    Dec. Leading Indicators: +0.6% to 107.0 vs. +0.5% consensus, +0.4% prior (revised).
    Coincident Economic Index +0.3% to 102.8.
    Lagging Economic Index +0.7% to 104.0.

    Bloomberg Consumer Comfort Index slipped to 53.7 from 53.8 last week.
    The State of the Economy index fell to 55.2 from 56.8.
    The Personal Finance index increased to 59.8 from 59.5.
    The Buying Climate index rose to 46.2 from 45.1.



    Ian Calderon, the Democratic majority leader in California’s lower house, has introduced a bill to stop sit-down restaurants from offering customers straws with their beverages unless they specifically request one. Under Calderon’s law, a waiter who serves a drink with an unrequested straw in it would face up to 6 months in jail and a fine of up to $1,000.


    All of Home Depot’s U.S. hourly workers will get at least a $200 bonus, a spokeswoman told CNBC, and the maximum payout is $1,000 for workers who’ve served at least 20 years.


    At the close
    Dow +0.53% to 26,390.50. S&P +0.07% to 2,839.28. Nasdaq -0.05% to 7,411.76.
    Treasurys: 30-year +0.5%. 10-yr +0.16%. 5-yr +0.06%.
    Commodities: Crude -0.62% to $65.20. Gold -0.72% to $1,346.60.
    Currencies: Euro 0.% vs. dollar. Yen +0.04%. Pound +0.67%.


    [color=green][b]EXCELLENT GREEN finish as new $$$ pours into US equity markets … a great but also cautious time to invest as we go along … we’re only about 3 weeks from SHUTDOWN #2 and there is some risk ahead for sure. Still, we are seeing a true surge in economy with deregulation & tax reductions being driving forces

    P.S. Davos commentary by #45 was excellent (as I heard a # of clips & will look up on U-Tube later) [/b][/color]


    [color=teal][size=5][b]Q4 est. GDP = 2.6% — tad less than expected 8)
    still it is good — plus it may keep FED at bay as economy is not overheated 😉 :ohmy: [/b][/size][/color]

Viewing 15 posts - 16 through 30 (of 32 total)
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