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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. 65.2Bloomberg 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.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%.from All Time Highs
Ripple: -74%
Bitcoin Cash: -69%
Cardano: -67%
Litecoin: -60%
Bitcoin: -53%
Stellar: -50%
EOS: -44%
NEO: -33%
Ethereum: -23%[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]
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/
[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] 😉 😆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:
[color=red][size=5][b]PPPLLLUUUNNGGEEE :woohoo: :woohoo: :woohoo:
DOW = MINUS 400 down[/b][/size][/color] :ohmy: :ohmy: :ohmy:
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 hoursDecember 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.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%.[color=red][size=5][b]Some WALL STREET beef got cooked today …
but this is VERY HEALTHY for markets long term :)[/b][/size][/color]
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
via @RyanAFournier
Remember that it’s Groundhog Day. Seeing this memo gives us 7 more years of President Trump.
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