Market Weekly: July 30 – Aug 5 2018

Viewing 15 posts - 1 through 15 (of 30 total)
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  • #17555

    Where have we been and where are we…

    [article]971[/article]

    #17569
    TradersCom
    Keymaster

    Have a great week – another big week for earnings with plenty of shale names we follow.

    Lots of bankster nonsense I see too 🙂

    #17570
    TradersCom
    Keymaster

    First Data for the week:

    US Pending Home Sales (M/M) Jun: 0.9% (est 0.2%; prev -0.5%)
    US Pending Home Sales (Y/Y) Jun: -4.0% (prev -2.8%)

    Better than expected after a weakening housing series

    #17574
    TradersCom
    Keymaster

    US Dallas Fed Manufacturing. Activity Jul: 32.3 (est 31.0; prev 36.5)
    Other indexes of manufacturing activity also indicated continued solid expansion in July.
    The survey’s demand measures—the new orders and growth rate of orders indexes—moved down but remained well above average at 23.3 and 17.0, respectively.
    The shipments index climbed five points to 30.8, and the capacity utilization index edged up to 25.0.

    #17585

    [color=red][size=5][b]Dow Jones 25,306.83 −144.23 (0.57%)
    S&P 500 2,802.65 −16.17 (0.57%)
    Nasdaq 7,630.00 −107.42 (1.39%)
    Russell 2000 1,653.10 −10.24 (0.62%)
    NYSE Comp 12,903.32 −18.02 (0.14%)[/b][/size][/color]

    #17591
    MoneyNeverSleeps
    Participant

    Rotation but not fear – FB and TWTR down over 20% and no fear – very bubbleish

    #17592
    TradersCom
    Keymaster

    US June PCE Core Inflation +1.9% vs +2.0% y/y expected
    Prior +2.0% revised to +1.9%
    June 2018 personal consumption expenditure report highlights
    m/m core +0.1% vs +0.1% exp
    Deflator 2.2% vs 2.3% exp
    m/m deflator +0.1% vs +0.1% exp

    Personal income +0.4% m/m vs +0.4% exp
    Personal spending +0.4% vs +0.4% m/m exp
    Prior personal spending +0.2% (revised to +0.5%)
    Real personal spending +0.3% vs +0.4% expected
    Prior real personal spending 0.0% (revised to +0.3%)

    #17593
    TradersCom
    Keymaster

    US Q2 employment cost index 0.6%% vs +0.7% expected
    Prior quarter +0.8%
    Wages and salaries up 0.5% vs Q1 0.9% gain
    Benefit costs +0.9% vs 0.7% in the Q1 Prior

    #17596
    TradersCom
    Keymaster

    US May CaseSchiller 20-city house price index +0.2% vs +0.2% m/m expected

    Prices + 6.51% y/y vs 6.4% expected
    Prior +6.56% (revised to +6.69%)
    National prices 6.38% vs +6.39% prior

    #17597

    After heavy selling in the “FANG” type stocks (esp. FB & TWTR) we are seeing a decent rebound in equities today

    #17598
    TradersCom
    Keymaster

    Nothing like a little “China and the U.S. MAy come back to the table” headline to get some hope in there …

    #17599
    TradersCom
    Keymaster

    Chicago July PMI 65.5 vs 62.0 expected, Prior 64.1

    Highlights

    Production grew at a faster pace
    Prices paid rose at a faster pace (10-year high)
    Employment expanded at a faster pace
    New orders grew at a faster pace (six-month high)
    Inventories hit 18-month low

    #17604

    [color=limegreen][size=5][b]Dow Jones 25,415.19 +108.36 (0.43%)
    S&P 500 2,816.29 +13.69(+0.49%)
    Nasdaq 7,671.79 +41.78 (0.55%)
    Russell 2000 1,670.80+17.67 (1.07%)
    NYSE Comp 12,963.22 +59.79 (0.46%)[/b][/size][/color]

    #17608
    TradersCom
    Keymaster

    Chatter that US plan higher tariff on USD 200bln of imports from China

    – Treasury is being said to be proposing 25% tariffs (current proposal is 10%)
    – US administration is planning on proposing the 25% tariff as early as Wednesday (US time)

    i via Bloomberg:

    The Trump administration will propose raising to 25 percent its planned 10 percent tariffs on $200 billion in Chinese imports, a move that would ratchet up pressure on Beijing to return to the negotiating table, three people familiar with the internal deliberations said.
    The U.S. imposed 25 percent tariffs on $34 billion of Chinese products in early July, and the review period on another $16 billion of imports ends Wednesday.

    #17610
    TradersCom
    Keymaster

    Markets – including CrudeOil – pulled lower by slowing #Economic growth because of the US vs China TradeWar.

    The Harpex #container index has fallen by 10% from its 2011 highs in June, to 613, its lowest level since March #Reuters

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