Market Weekly: July 21 – July 27 2019

Viewing 15 posts - 1 through 15 (of 37 total)
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    [color=purple][size=5][i]Where have we been and where are we 🙂
    Wishing all a great week ahead … with all best on trades & investments 8)
    Super HEAT WAVE in east — as Bambi & herd sneak into nearest pool 😉 :woohoo:
    hopefully mid-east & even our own nation’s tensions are calmer in days ahead :ohmy:[/i][/size][/color]



    WOW – heat is on in SW VA … 99F was high temp in the city :woohoo: :woohoo: :woohoo:


    Chicago Fed June National Activity Index -0.02 v 0.10 est[/color]

    Prior month revised higher to -0.3% from -0.05% originally reported.
    The index has been negative since December 2018

    36 indicators improved. 49 indicator fell.
    Of the indicators that improved, nine made negative contributions (month on month).
    40 of the 85 individual indicators made positive contributions, while 45 made negative contributions


    Equifax Settles For $700 million For 2017 data breach

    The breach exposed the personal data of more than 147 million Americans.
    Data included Social Security numbers and credit card information, putting many at risk for identity theft.
    Equifax will issue payments to customers affected by the breach and will pay fines to regulators
    Pennsylvania Attorney General Josh Shapiro called the settlement the biggest ever involving a data breach in the U.S.
    As part of the settlement, Equifax also agreed to greatly boost its own cybersecurity to prevent future breaches.
    State and federal investigators, in findings earlier this year, said the company’s computer systems hadn’t been protected against recognized vulnerabilities.

    Market Summary > Equifax Inc.
    Pre-market 138.96 +1.66 (1.21%)


    Robert Mueller set to testify before Congress Wednesday

    In the never ending story about his investigation into the 2016 Trump campaign.

    House Judiciary Committee Chair Jerry Nadler on Sunday said he thinks there is “substantial evidence” that the president committed crimes and he plans on asking Mueller for details during the hearing.

    Democrats are expected to seek information about misconduct and try to garner support and evidence for investigations into Trump and possible impeachment proceedings.

    Mueller’s report, released in March, did not find there was of a conspiracy between the 2016 Trump campaign and Russia, but did not reach conclusions about whether the president obstructed justice.


    China’s version of the Nasdaq started trading Monday with 25 companies listed.

    The success of the STAR Market is far from a sure thing, since China has launched two other equity markets (the ChiNext in 009 and the New Third Board in 2013) that still receive far less attention than its two primary stock exchanges in Shanghai and Shenzhen.

    The government created the Science and Technology Innovation Board, or STAR Market, to encourage more Chinese companies to list at home.

    Volatility on the first day after burst of buying triggered a security system that prevents market crashes, resulting in trading halts for some stocks.

    One stock , Anji Microelectronics Technology surged more than 500 percent!

    Some of the highest-profile Chinese tech IPOs, including Alibaba, Tencent, Xiaomi, and Pinduoduo, have taken place in New York City or Hong Kong, and the STAR Market may encourage more local stock debuts and investment.


    [size=5][b]YAY — Stocks held their ground & had good finish to start week 8)
    [color=green]Dow 27,171.90 17.70 0.07%
    S&P 500 2,985.03 8.42 0.28%
    Nasdaq 8,204.14 57.65 0.71%[/color]
    Gold 1,425.70 -1.00 -0.07%
    Oil 56.09 0.46 0.83%[/b][/size]


    [color=teal][size=5][b]STRONG T-STORMS in SW VA and eastern USA
    however as good news – mother nature will make HEAT WAVE disappear[/b][/size][/color] 🙂


    [color=purple][size=5][i]Good TUE morning to all – Futures are up & hope it is a good day for all 🙂
    RAIN & cold front sweeping thru after intense t-storms yesterday
    DEBT deal is both good & bad news at same time to me[/i][/size][/color]


    [size=5][i]OOOOHHHH the humanity — even the good book tells one “not to be a prisoner of DEBT
    USA 2 year DEBT/BUDGET deal worked out — “budget deficits are rising to $1 trillion levels — requiring the government to borrow a quarter for every dollar the government spends” … CAP increases by $2 trillion more in the debt limit … the only good news is no GOVT SHUTDOWNs ahead if all passes[/i][/size]

    Helmholtz Watson

    U.S. Redbook Retail Sales Index rose by 4.90 percent in week ending July 20 of 2019 over the same week in the previous year.

    Redbook Index in the United States averaged 2.57 percent from 2005 until 2019, reaching an all time high of 9.30 percent in December of 2018 and a record low of -5.80 percent in July of 2009.

    United States Redbook Index

    The Johnson Redbook Index measures the growth in the U.S. retail sales. The index is based on the sales data of around 9,000 large general merchandise retailers representing over 80 percent of the equivalent ‘official’ retail sales series collected and published by the US Department of Commerce. This page provides the latest reported value for – United States Redbook Index – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Redbook Index – actual data, historical chart and calendar of releases – was last updated on July of 2019.

    Helmholtz Watson

    Where will the Pound be in 100 days?
    Boris Johnson wins race to be next British Prime Minister, aiming to ‘deliver’ #Brexit in the next 100 days. Interesting to see where the British Pound will be 100 days from now.

    Jeroen blokland @jsblokland


    Philly Fed July non-manufacturing index 21.4 vs 8.2 prior

    Wage and benefit cost index 37.0 v 43.6 prior
    Firm-level activity 24.6 v 12.2
    New orders 25.5 v 14.3
    Full-time employment 21.1 v 23.8

    Current Indicators Rebound

    The diffusion index for current general activity at the firm level climbed 12 points to 24.6 in July (see Chart 1), after falling 16 points in June. Thirty-eight percent of the firms reported increases in activity (up from 31 percent last month), compared with 13 percent that reported decreases. The new orders index rose 11 points to 25.5. The share of firms reporting increases in new orders (33 percent) was higher than the share reporting decreases (7 percent). The sales/revenues index rose from 17.0 in June to 22.5 in July, after declining 10 points in June. Over 41 percent of the responding firms reported increases in sales/revenues, while 19 percent reported decreases. The regional activity index increased 13 points to 21.4, after a 9 point fall in June.


    Algos ram up SPX ES_F NQ and oil on headline Lighthizer and Mnuchin will lead US trade negotiators headed to Shanghai on Monday for talks
    – this was reported Friday and 2 weeks ago was meant to br 90% done .. so…

    $ES popped 11 handles
    oil 55 cents

    Your kidding if you think these markets are anything more than a rigged casino – repeated headlines in thin times on dull days ….


    FHFA house price index for May 0.1% v 0.4% prior & estimate

    Federal Housing Finance Agency price index for May 2019

    The HPI calculated using himself price information from mortgages sold to, or guaranteed by Fannie Mae and Freddie Mac

    From May 2018 to May 2019 house prices were up 5.0%.

    All of the 9 census divisions are up on 12 month basis with gains ranging from +3.6% inn the West South Central division to +6.7% in the Mountain division.

    For the month,

    The East South Central division fell -1.0% and was the worst performer.
    The South Atlantic division rose 0.5% and was the strongest division

    Index gain was the lowest since January 2017.

    Federal Housing Finance Agency price index for May 2019

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