Market Weekly: July 28 – August 3 2019

Viewing 15 posts - 1 through 15 (of 31 total)
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  • #21421

    [size=5][color=purple][i]Where have we been and where are we …
    Wishing all a great week ahead & all best in trades & investments 🙂
    We are at high P/E levels considering 2.1% GDP report
    and with expectations of FED rate cut to offset losses in China trade wars :ohmy:
    So be cautious in the week ahead 8)[/i][/color][/size]

    [article]1639[/article]

    #21425

    Asteroid size of Statue of Librerty missed Earth by 45,000 miles late WED 07/24 :woohoo:
    https://www.usatoday.com/story/news/nation/2019/07/26/asteroid-zoomed-near-earth-wednesday-astronomers-said/1838480001/

    A large asteroid “narrowly” missed the Earth overnight Wednesday, astronomers announced. According to NASA, the space rock was an estimated 187 to 427 feet wide. “The closest it came to Earth was just under 45,000 miles, a safe distance, but still much less than the distance between the Earth and moon,” Astronomy magazine said. The moon is about 239,000 miles from the Earth.

    https://www.youtube.com/watch?v=LJMd7-USfww

    #21426
    Truman
    Participant

    [size=5]Boris Johnson on Brexit Deal or No deal:[/size”>

    There is every chance we can get a deal
    We are going to come out on Oct 31, deal or no deal
    With common sense, we can get a deal
    There is a big incentive to get this thing done
    We need a new free trade deal with EU
    If our partners won’t move on the backstop then we have to get ready for no-deal

    Says UK is talking to the Irish government on Brexit today
    Irish minister Donovan earlier reiterated that the EU cannot change its position on the Brexit backstop.

    #21428
    ThePitBoss
    Participant

    [quote=”Blarney” post=11245][size=5]Boris Johnson on Brexit Deal or No deal:[/size”>

    There is every chance we can get a deal
    We are going to come out on Oct 31, deal or no deal
    With common sense, we can get a deal
    There is a big incentive to get this thing done
    We need a new free trade deal with EU
    If our partners won’t move on the backstop then we have to get ready for no-deal

    Says UK is talking to the Irish government on Brexit today
    Irish minister Donovan earlier reiterated that the EU cannot change its position on the Brexit backstop.[/quote]

    Had no idea Princess Meghan was a Deal or No Deal model – seems she one the deal!

    #21429
    ThePitBoss
    Participant

    [b]European Stockmarket close:[/b]

    France CAC – flat
    Germany DAX +0.1%
    Italy MIB -0.4%
    Spain IBEX -flat
    [b][color=orange]UK FTSE 100 +2.0% – up big on the weak pound
    [/color][/b]

    #21430

    The IRS has issued an important bulletin highlighting that a written data security plan is mandatory for Tax Preparers
    [size=5][b]https://www.us-cert.gov/ncas/current-activity/2019/07/24/irs-reminds-tax-professionals-create-data-security-plan
    https://www.irs.gov/newsroom/tax-security-2-point-0-a-taxes-security-together-checklist%5B/b%5D%5B/size%5D

    #21431

    [color=red][size=5][b]OHHH THE HUMANITY :woohoo: :woohoo: :woohoo:
    IRS – cryptocurrency investments are subject to taxation :whistle: [/b][/size][/color]
    https://www.pcmag.com/news/369797/irs-dont-forget-to-pay-taxes-on-your-cryptocurrency-invest

    #21432

    [size=5][b]Dow 27,221.35 28.90 0.11%
    [color=red]S&P 500 3,020.97 -4.89 -0.16%
    Nasdaq 8,293.33 -36.88 -0.44% [/color]
    Gold 1,426.70 7.40 0.52%
    Oil 57.05 0.85 1.51%[/b][/size]

    #21435
    TradersCom
    Keymaster

    [color=green][size=5][b]The Beat goes on … #Australia’s S&P/ASX200 index new all-time high over 2008 high of 6851.50 +43 points at 6869.60,
    #ASX up 21.61% on the year $AUDUSD[/b][/size][/color]

    #21436

    [color=teal][size=5][b]YAY – JAMESTOWN VIRGINIA celebrates YEAR#400
    as 1st representative GOVT in USA — with 22 members house in Burgesses
    https://en.wikipedia.org/wiki/Jamestown,_Virginia%5B/b%5D%5B/size%5D%5B/color%5D

    #21437

    [size=5][i]Stocks held their ground awaiting word from FED
    Just as JAMESTOWN, VA has held it’s ground for 400 years as self governing 8)[/i][/size]
    http://www.smplanet.com/teaching/colonialamerica/colonies/jamestown

    [size=5][b][color=red]Dow 27,198.02 -23.33 -0.09%
    S&P 500 3,013.18 -7.79 -0.26%
    Nasdaq 8,273.61 -19.71 -0.24%[/color]
    Gold 1,431.50 11.10 0.78%
    Oil 58.10 1.23 2.16%[/b][/size]

    #21438
    TradersCom
    Keymaster

    From earlier in the day>>>>

    US June PCE core +1.6% vs +1.7% y/y expected
    Prior 1.6%

    PCE core MoM +0.2% vs +0.2% expected
    Prior MoM +0.2%
    Deflator YoY +1.4% vs 1.5% expected
    Prior deflator YoY 1.6%

    Deflator MoM +0.1% vs +0.1% expected
    Prior MoM deflator +0.2% (revised to +0.1%)

    Consumers spending and income for June:
    Personal income +0.4% vs +0.4% expected. Prior month +0.5% (revised to +0.4%)

    [b]
    Personal spending +0.3% vs +0.3% expected. Prior month +0.4% (revised to +0.5%)[/b]

    Real personal spending +0.2% vs +0.2% expected

    #21439
    TradersCom
    Keymaster

    US May Case-Shiller 20-city house price index +2.39% v +2.4% y/y expected

    Home price data from S&P CoreLogic Case-Shiller:
    Prior +2.54% y/y

    20-city m/m reading +0.14% vs +0.2% expected
    Prior 0.0%

    National y/y index +3.43% vs +3.54% prior

    #21440
    TradersCom
    Keymaster

    US Conference Board July consumer confidence 135.7 v 125.0 expected

    Prior was 121.5 (revised to 124.3)

    Present situation170.9 vs 162.6 prior (prior revised to 164.3)
    Expectations 112.2 vs 94.1 prior (prior revised to 97.6)
    Jobs hard-to-get 12.8 vs 15.8 prior
    1-year inflation expectations 4.7% vs 5.1% prior

    #21441
    TradersCom
    Keymaster

    US June pending home sales +2.8% vs +0.5% m/m expected

    Prior +1.1 m/m
    Sales y/y -0.6% vs +0.7% expected
    Prior y/y sales -0.8%

    Lawrence Yun, NAR chief economist, said the 2.8% increase can be attributed to the current favorable conditions and predicted the rise is likely the start of a positive trend for home sales. “Job growth is doing well, the stock market is near an all-time high and home values are consistently increasing. When you combine that with the incredibly low mortgage rates, it is not surprising to now see two straight months of increases,” he said.

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