Market Weekly: Jan 29 Feb 2 2018

Viewing 15 posts - 31 through 45 (of 46 total)
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  • #14765
    Assistanc3
    Participant

    December Construction Spending: +0.7% M/M to 1,253.3B vs. +0.4% consensus, +0.6% prior (revised).
    Construction spending rose 2.6% Y/Y.
    Public construction grew 0.3% during the month to $290B, while private construction up 0.8% to 963.2B.
    Initial Jobless Claims -1K at 230K vs. 235K consensus, 231K prior (revised).
    Continuous Claims: +13K at 1.953M vs. 1.940M.

    Challenger Job-Cut Report: 44,653 from 32,423 in December

    Q4 Productivity and Costs: -0.1% vs. +1.1% expected, +2.7% previous (revised).
    Unit labor costs +2.0% vs. +0.9% expected, -0.1% previous.

    US PMI Manufacturing Index 55.5 vs. 55.5 consensus, 55.1 prior.

    ISM Manufacturing Index: 59.1 vs. 58.6 consensus and 59.3 prior.
    Employment 54.2 vs. 58.1 prior.
    Prices 72.7 vs. 68.3
    New Orders 65.4 vs. 67.4
    Production 64.5 vs. 65.2

    Bloomberg Consumer Comfort Index improves to 54.6 from 53.7 last week.
    The State of the Economy index jumps to 57.8 from 55.2.
    The Personal Finance index edges up to 59.9 from 59.8.
    The Buying Climate index slips to 46.1 from 46.2.

    #14766
    Assistanc3
    Participant

    At the close
    S&P -0.07% to 2,821.38. Nasdaq -0.35% to 7,385.24.
    Treasurys: 30-year -1.28%. 10-yr -0.49%. 5-yr -0.22%.
    Commodities: Crude +2.18% to $66.14. Gold +0.74% to $1,353.10.
    Currencies: Euro +0.82% vs. dollar. Yen +0.07%. Pound -0.57%.

    #14768
    Assistanc3
    Participant

    from All Time Highs

    Ripple: -74%
    Bitcoin Cash: -69%
    Cardano: -67%
    Litecoin: -60%
    Bitcoin: -53%
    Stellar: -50%
    EOS: -44%
    NEO: -33%
    Ethereum: -23%

    #14772

    [color=brown][size=5][b]HAPPY FDIC FRIDAY to all 😆 …
    DOW FUTURES are off 260 points (minus one percent) so we could see further selling :woohoo:
    Most likely more profit taking (as maybe GOVT SHUTDOWN – act II on is on the way) :ohmy:

    HAPPY GROUNDHOG DAY 8)[/b][/size][/color]

    #14773

    BREAKING NEWS — SIX MORE WEEKS OF WINTER :woohoo: :woohoo: :woohoo: :woohoo:

    https://www.usatoday.com/story/news/nation-now/2018/02/02/groundhog-day-2018/1088175001/

    #14775

    [size=5][b][color=teal]MOTHER of all economic reports = 200,000 and 4.1% and best wage growth in 8 years
    DOW futures are improving quite a bit now prior to opening bell
    And we can add a few more jobs — as I might have to hire some hunters to go after these groundhogs[/color] 😉 😆

    https://www.marketwatch.com/story/us-gains-200000-jobs-in-january-wage-growth-hits-8-12-year-high-2018-02-02%5B/b%5D%5B/size%5D

    #14779

    BREAKING NEWS … Republican MEMO on FBI/DOJ election concerns published at HIGH NOON :woohoo: …News seemed to note it was “no big” deal and that a lot of hoopla over nothing :whistle: . … Dow is tanking (minus 353) :ohmy:

    #14780

    [color=red][size=5][b]PPPLLLUUUNNGGEEE :woohoo: :woohoo: :woohoo:
    DOW = MINUS 400 down[/b][/size][/color] :ohmy: :ohmy: :ohmy:

    #14781
    Assistanc3
    Participant

    January Nonfarm Payrolls: +200K vs. consensus +184K, +160K previous (revised from 148K).
    Unemployment rate: 4.1% vs. 4.1% consensus, 4.1% previous.

    Average hourly earnings 2.9% y/y vs 2.6% exp
    Average hourly earnings +0.3% m/m vs +0.2% m/m exp
    Prior avg hourly earnings revised to 2.7% from 2.5%
    Prior avg hourly earnings revised to +0.4% vs +0.3%
    average weekly hours – it fell 0.2 hours to 34.3 hours

    December Factory Orders: +1.7% vs. +1.5% consensus and +1.7% prior (revised).

    February Consumer Sentiment: 95.7 vs. 95.0 consensus and 94.4 prior.
    Current economic conditions 110.5 vs. 109.2 prior.
    Index of consumer expectations 86.3 vs. 85 consensus and 84.8 prior.

    #14782
    #14783
    Assistanc3
    Participant

    At the close
    Dow -2.59% to 25,508.81. S&P -2.15% to 2,761.02. Nasdaq -1.96% to 7,240.70.
    Treasurys: 30-year -0.73%. 10-yr -0.21%. 5-yr -0.03%.
    Commodities: Crude -1.09% to $65.08. Gold -1.09% to $1,333.20.
    Currencies: Euro -0.42% vs. dollar. Yen +0.65%. Pound +1.04%.

    #14784

    [color=red][size=5][b]Some WALL STREET beef got cooked today …
    but this is VERY HEALTHY for markets long term :)[/b][/size][/color]

    #14785
    Assistanc3
    Participant

    as goeth the transports ……you can see the run up in Dec/Jan was to much to fast

    wait for it to go sideways and when this index turns back up, its time to turn back on the buying

    #14786
    Assistanc3
    Participant

    via @RyanAFournier

    Remember that it’s Groundhog Day. Seeing this memo gives us 7 more years of President Trump.

    #14789

    [color=red][b]DOW = minus 666 loss :woohoo: :woohoo: :woohoo:
    that alone will get BEARS & DOOMERS stirred up for sure :ohmy:
    Volatility will likely go into Monday, before we stabilize some :woohoo:
    As some will panic and SELL at the BOTTOM (greatest mistake one can make) 😳 [/b][/color]

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