Market Weekly: July 14 – July 20 2019

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    [size=5][i]Where have we been and where are we.:)
    Wishing all a great week in trading & investing
    We are at risky & all-time high record levels in stocks .
    So be CAUTIOUS out there ๐Ÿ˜‰ :whistle: .[/i][/size]



    [color=purple][size=5][i]Good Monday morning to all … Markets are flat & holding lofty all time records on indexes
    Thankfully BARRY is more of a rain event & while flood dangers exist — it could have been worst
    China’s GDP #s were lowest in 29 years (6.2% which still ain’t bad)
    To celebrate Linda R’s 73rd birthday today & a better than expected passage of BARRY below 8)[/i][/size][/color]


    US July Empire Fed +4.3 v +2.0 expected Prior -8.6

    New orders -1.5 vs -12.0 prior
    Employment -9.6 vs -3.5 prior
    Prices paid +25.5 vs +27.8 prior
    6-month business conditions +30.8 vs +25.7 prior


    Being in computer field, PC Magazine has an informative article on the Krypto’s (BITCOIN v. LIBRA) :woohoo:

    [size=5][b]Crypto Comparison: Why Bitcoin and Libra Are Vastly Different

    Super Harley

    Treasury Secretary Mnuchin cryptocurrency briefing
    Treasury has growing concerns about crypto money laundering and Libra
    Has serious concern that Facebook’s Libra would be misused
    Treasury has been very clear to Facebook and Bitcoin users that they must implement the same AML protections as traditional financial service providers
    Bitcoin is a national security issue
    Our #1 issue is that we don’t want bad actors using cryptocurrency
    On Libra: “I’m not comfortable today”
    “I have no idea why Bitcoin trades where it does”


    [size=5][i]Celebrating another excellent RECORD finish with great song 8)
    and hopefully great earnings report by Alcoa ๐Ÿ˜‰ ๐Ÿ™‚
    as will soon be EARNINGS REPORT season :woohoo: [/i][/size]
    [size=5][color=limegreen][b]Dow 27,359.16 27.13 0.10%
    S&P 500 3,014.30 0.53 0.02%
    Nasdaq 8,258.19 14.04 0.17%
    Gold 1,417.80 5.60 0.40%
    Oil 59.26 -0.95 -1.58%[/b][/color][/size]


    US June advance retail sales +0.4% v +0.2% expected, Prior +0.4% (revised from +0.5%)

    Control group +0.7% vs +0.3% expected
    Prior control group 0.4% (revised to +0.6%)

    Ex autos +0.4% vs +0.1% expected
    Prior ex autos +0.5% (revised to +0.4%)

    Ex autos and gas +0.7% vs +0.3% expected
    Prior ex autos and gas +0.5% (unrevised)


    [size=5][b]United States Export Prices month-on-month at -0.7%

    United States Export Prices year-on-year at -1.6%


    United States Import Prices month-on-month at -0.9%

    United States Import Prices year-on-year at -2%


    [size=5][color=purple][i]Markets are “backing & filling” — with almost FLAT overall change
    on this hot Tuesday afternoon – as a few BARRY remnants pass by in SW VA ๐Ÿ™‚

    And even in turbulent times — G$ are the masters of “high freq. flash trading” ๐Ÿ˜‰ :woohoo:
    They had excellent report & like VULTURES await next major SELLOFF :ohmy:[/i][/color][/size]


    [color=red][size=5][b]Dow 27,335.63 -23.53 -0.09%
    S&P 500 3,004.05 -10.25 -0.34%
    Nasdaq 8,222.80 -35.39 -0.43%
    Gold 1,404.60 -8.90 -0.63%
    Oil 58.03 -1.55 -2.60%[/b][/size][/color]


    Nice touch with the Apollo landing CI ๐Ÿ™‚


    US MBA mortgage applications w.e. 12 July -1.1% v -2.4% prior

    Purchase index 265.1 v 275.6 prior
    Market index 500.2 v 505.8 prior
    Refinancing index 1,827.3 v 1,799.7 prior
    30-year mortgage rate 4.12% v 4.04% prior



    [b]US housing starts for June 1253K vs 1260K estimate Down -0.9%.

    Housing starts prior revised to 1265K from 1269K previously reported
    single-family starts rise 3.5% to 847K
    multi-family housing starts fall -9.2% to 406K
    Northeast, +31.3%
    Midwest, +27.1%
    South, -9.2%
    West, -4.9%

    165K homes were authorized but not yet started, the fewest in a year, indicating builders have less of a backlog

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