Market Weekly: July 28 – August 3 2019

Viewing 15 posts - 16 through 30 (of 31 total)
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  • #21442
    TradersCom
    Keymaster

    [color=red][size=5][b]North Korean launch two short range ballistic missiles
    [/b][/size][/color]
    According to US officials.

    The projectiles flew 240 – 330 km according to Yonhap news. They add:
    projectiles launched by North Korea were different type from previous weapons

    The Japan defense minister said that if the North Korean launch was “ballistic missiles”, that would violate UN resolutions and be very regrettable.

    #21444
    MoneyNeverSleeps
    Participant

    Samsung on Wednesday reportee second-quarter earnings down 50% as memory chip prices sank.

    The world’s largest smartphone maker says its operating profit was 6.6 trillion Korean won ($5.6 billion), down 55.61% from the same period a year ago. Its consolidated sales came in at 56.13 trillion won.
    Those numbers are slightly better than the guidance the company had provided earlier this month.
    The company said demand is expected to pick up in the second half but volatility will remain, due to “external uncertainties.”
    Samsung is expected to reveal its Galaxy Note 10 smartphone next month and the Galaxy Fold in September

    “The weakness and price declines in the memory chip market persisted as effects of inventory adjustments by major datacenter customers in the previous quarters continued, despite a limited recovery in demand,” Samsung said in a news release.

    #21446

    [size=5][color=red][b]Ohhhh the humanity “WIZARD LADY” Marriane Williamson stole the show last night
    noting Trump as a “dark psychic force” not to be taken lightly 😉 :woohoo:[/b][/color][/size]
    https://www.washingtonexaminer.com/news/marianne-williamson-trump-emboldening-a-dark-psychic-force-in-america

    HIGHLIGHTS FROM DRUDGE on new age Williamson’s wild presentation last night at DEMON-CATS debate 👿
    [size=4][color=purple][i]WILLIAMSON WARNS OF ‘DARK DAYS’ FOR DEMS…
    Says Trump emboldening a ‘psychic force’ in America…
    VIDEO…
    Spiritual guru most-searched candidate…
    Rides stream of consciousness to spotlight…
    Warren pushing party not to be timid…
    Bernie attacked over liberal policies…
    Fight with moderate rivals…
    ‘FREE EVERYTHING’…
    Yang likens debate to ‘boring football game’…
    WIRE: CNN Steals Show, and Everyone Loses…
    Hollywood mocks…
    Biden, Harris to square off in Round two…
    ‘Joe needs to atone’…[/i][/color][/size]

    #21447
    MoneyNeverSleeps
    Participant

    Started a new discussion in the Space section of the site:

    NASA has found a star 73 light-years away.[/size]

    Three exoplanets orbit the star: a “super-Earth” and two others that resemble Neptune. The study’s lead author said the star is quiet and close to Earth, and much brighter than host stars of other similar systems. NASA said further studies will allow scientists to learn about the components of these systems, understand if they have atmospheres and learn what gases might be part of the atmospheres. Scientists published their research in nature Astronomy

    Join in : https://traderscommunity.com/index.php/community/weather-and-space/1820-nasa-finds-a-new-star-and-super-earth

    #21448

    [size=5][i]^^^ +1s and if some of last night’s debators get hands on nuclear football — that nearby STAR & Earth like planet may be the only SAFE refuge – lol 😉 😆 John Delany was moderate & among best choices in field (at least positionally) .. Thank God we cut cord & can’t get CNN at home (and certainly no desire to stream) 😉

    and back to MARKETS — starting off positively & cautious as pit traders are anxious to SHEER a few SHEEP out there 😉 :woohoo: [/i][/size]

    #21450
    TradersCom
    Keymaster

    US MBA mortgage applications w/e. 26 July -1.4% v -1.9% prior

    Latest data from the Mortgage Bankers Association for the week ending 26 July 2019

    Purchase index 253.0 vs 260.8 prior
    Market index 484.0 vs 490.8 prior
    Refinancing index 1,791.2 vs 1,789.8 prior
    30-year mortgage rate 4.08% vs 4.08% prior

    #21452
    TradersCom
    Keymaster

    Chicago ISM PMI Contracts to 2015 Levels as Production Collapses 22%
    by Helmholtz Watson

    The US manufacturing sector has been weakening. On Wednesday the regional Chicago ISM Manufacturing PMI contracted to the worse level in 4 and a half years to 44.4 in July. It had been expected to be back over 50.

    Full report: https://traderscommunity.com/index.php/economy/1646-u-s-manufacturing-production-outlook

    #21457

    [size=5][color=red][b]Dow 26,864.27 -333.75 -1.23%
    S&P 500 2,980.38 -32.80 -1.09%
    Nasdaq 8,175.42 -98.19 -1.19%
    GlobalDow 3,059.35 -28.83 -0.93%
    Gold 1,426.00 -15.80 -1.10%
    Oil 57.97 -0.08 -0.14%[/b][/color][/size]

    #21463

    [color=red][b]Ohhhh the humanity — WOODSTOCK 50TH ANNIVERSARY
    Officially CANCELLED due to issues of funding, licensing, and artist attendance[/b][/color]

    #21464

    [size=5][i]A new HIGH ROAD TO CHINA 😉
    from +300 to -300 in a single TWEET :woohoo:
    New 10% tariffs for $300M of Chinese imports on SEP 1st :ohmy:
    But don’t rule out the ART OF THE DEAL (at least I hope one can be made) 😉 :whistle: [/i][/size]
    [color=red][size=6][b]Dow 26,583.42 -280.85 -1.05%
    S&P 500 2,953.56 -26.82 -0.90%
    Nasdaq 8,111.12 -64.30 -0.79%
    Gold 1,455.40 17.60 1.22%
    Oil 54.49 -4.09 -6.98%[/b][/size][/color]

    #21472
    TradersCom
    Keymaster

    US June construction spending -1.3% vs +0.3% expected

    Worst month since Sept 2018
    Prior -0.8% (revised to -0.5%)
    Private spending -0.4%
    Public spending -3.7%

    #21474

    [size=5][b]U.S. adds 164,000 new jobs in July to keep U/E at 50-year low of 3.7%
    https://www.marketwatch.com/story/us-adds-164000-new-jobs-in-july-2019-08-02?mod=mw_theo_homepage%5B/b%5D%5B/size%5D

    #21480
    Truman
    Participant

    Trade War Continues to ratchet up a notch…

    China UN envoy Zhang says if US wants to fight on trade “we will fight”

    Zhang Jun, the new China’s permanent representative to the United Nations, spoke to the press at the UN headquarters in New York,
    July 30, 2019. was the first day of taking post as China’s permanent representative to the United Nations, Zhang Jun pledged on Tuesday that China, one of the five permanent members of the Security Council, will firmly uphold multilateralism and support the United Nations in playing an important role.

    #21483
    TradersCom
    Keymaster

    [color=red][b]US June factory orders +0.6% vs +0.7% expected
    Prior -0.7% (revised to -1.3%[/b][/color]

    Ex transport +0.1% vs +1.2% prior

    Orders rose for transport equipment (3.7 percent vs -7.5 percent in May), primarily civilian aircraft and parts (75.1 percent vs -52 percent); and machinery (2.1 percent vs 0.1 percent), orders for computers and electronic products declined (-0.2 percent vs 0.5 percent).

    Revisions to March durable goods orders:

    Durable goods orders +1.9% vs +2.0% in prelim report
    Ex transport +1.0% vs +1.2% prelim
    Capital goods orders non-defense ex air +1.5% vs +1.9% prelim
    Capital goods shipments +0.3% vs +0.6% prelim

    #21484
    TradersCom
    Keymaster

    [color=orange][b]U Michigan July final consumer sentiment 98.4 v 98.5 expected
    Prelim 98.4 Prior 98.2[/b][/color]

    Current conditions 110.7 vs 111.1 prelim
    Expectations 90.5 vs 90.1 prelim
    1-year inflation 2.6% vs 2.6% prelim
    5-10 year inflation 2.5% vs 2.6% prelim

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