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[size=5][color=teal][b]^^^ TRIPLE Thank you’s for insightful look at the week again 🙂
There ain’t a bit of FAKE NEWS anywhere at Trading Community HQ 😆
We believe in the “truth, the whole truth & the American way (plus Canada too) 😉 8)[/b][/color][/size]
Busy week for sure – cheers guys – I have Natural Gas futures expiration today – will be a little nutty and have my hands full 🙂
Dallas Fed Manufacturing Survey: +33.4 vs. +25.4 consensus and +29.7 prior.
Production: +16.8 vs. +32.8 prior.
Capacity Utilization: +14.5 vs. +26.3 prior.
New Orders: +25.5 vs. +30.1 prior.Dec. Personal Income and Outlays: Income +0.4% M/M vs. +0.3% consensus, +0.3% prior.
Consumer spending +0.4% +0.5% consensus, +0.8% prior (revised).
Core PCE Price Index +0.2% M/M in-line with consensus, +0.1% prior.At the close
Dow -0.68% to 26,435.68. S&P -0.68% to 2,853.48. Nasdaq -0.52% to 7,466.30.
Treasurys: 30-year -0.46%. 10-yr -0.2%. 5-yr -0.04%.
Commodities: Crude -1.06% to $65.44. Gold -0.81% to $1,341.10.
Currencies: Euro -0.35% vs. dollar. Yen +0.35%. Pound +0.57%.Exxon Mobil $XOM says it plans to invest more than $50B in the U.S. over the next five years, citing the recent tax law changes and “the unique strengths of our company.”
CEO Darren Woods says XOM
will be investing billions of dollars to increase oil production in the Permian Basin in west Texas and New Mexico, expand existing operations, improve infrastructure and build new manufacturing sites… on top of our massive build-out of operations along the Gulf Coast.
We’re actively evaluating the impact of the lower tax rate on the economics of several other projects currently in the planning stages to further expand our facilities along the Gulf Coast,
stock market declined today on the news the Cleveland Indians are removing the Chief Wahoo logo from uniforms
[color=teal][size=5]Apple, FB, and others are struggling to meet P/E’s spun to the highest levels … Still #45 is a paradigm shift – and who knows as I can see some TRUE good times ahead … tax plan & cutting “fat” out of GOVT could actually balance budget one day?
we are seeing ONCE-IN-A-LIFETIME improvements with reduced regulations, a massive tax cut, USA focal point, etc … I don’t agree with everything & wish at times for “kinder & gentler” … Still an A+ from me .. as most of what I see are helpful improvements for our nation & even world itself … I pray for nation & leaders (of both stripes) daily.[/size][/color]
today was USD dollar bounce
was looking around as I thought I had posted in one of the recent threads about this week in the markets but at last, I found it in a PM to @TradersCom on Twitter that “this is going to be a volatile week in the markets”
VIX up 25% today to 13.84
I don’t see it above that this Friday at the closejust as a broken watch is right 2X per day … the BEARS did a small bit of profit taking today … less than 1% so the BULL rally should continue 8)
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