Market Weekly: July 9 – 16 2018

Viewing 15 posts - 16 through 30 (of 30 total)
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  • #17329
    ThePitBoss
    Participant

    US auctions $33B of 3 year notes at 2.685% vs 2.679% WI

    Bid to cover soft 2.51x vs 2.83x at the last auction – the lowest since April 2009.

    51.3% to primary dealers
    39.6% to indirect bidders
    9.1% to direct bidders
    37.03% allotted at the high yield.

    #17330


    [color=limegreen][size=6][b]Dow Jones 24,919.66 +143.07 (0.58%)
    S&P 500 2,793.84 +9.67 (0.35%)
    Nasdaq 7,759.20 +3.00 (0.039%)
    Russell 2000 1,695.62 βˆ’8.99 (0.53%)
    NYSE Comp 12,814.64 +37.71 (0.30%)[/b][/size][/color]

    #17331

    PPPPPLLLLUUUNNNGGGEEEE – DOW futures off 215 points … LOOK OUT for some heavy SELLING TODAY as there is the running of the bulls and a “bull in the China shop” … $200B more in tariffs as old 45 doubles down & as “fake news” noted – “he is going to combat against our European allies today, favoring Putin over them” … and indeed he might want to slow down some on keeping all his promises — and maybe white house chefs can serve some decaf … still he is trying to improve things & maybe not always in most gentile path – lol

    #17332

    WOW – with cameras rolling at NATO summit, #45 notes calls out Germany & drops a bombshell :woohoo: … noting a German pipeline deal with Russia where they get 70% of energy) & only pay 1% GDP to NATO (while USA pays 75% of current grand total πŸ˜‰ As 45 said, we pay billions to defend Germany against Russia – while German is PAYING Russia billions of $$$ in this deal πŸ˜‰ :whistle: :whistle: :whistle: :whistle: …. and some Germans & even leaders there got RICH in these deals :ohmy: This is a business session and not a Kum-bi-yah fest :whistle: But media will focus on “style” and not “facts/goals” – and reporting wont be pretty today – lol

    https://www.youtube.com/watch?v=G5r5OE_u5m0

    #17334
    TradersCom
    Keymaster

    Seems the appropriate song for the geopolitical cycle we are on:

    #17336

    [color=red][size=5][b]Dow Jones
    24,700.45
    βˆ’219.21 (0.88%)

    S&P 500
    2,774.02
    βˆ’19.82 (0.71%)

    Nasdaq
    7,716.61
    βˆ’42.59 (0.55%)

    Russell 2000
    1,683.66
    βˆ’11.96 (0.71%)

    NYSE Composite
    12,681.58
    βˆ’133.06 (1.04%)[/b][/size][/color]

    #17338

    [color=purple][b]Some pre-market developments

    1. RALLY TIME — FUTURES look good so far (DOW = +175) πŸ˜†

    2. Maybe NATO trip was not a total disaster as media reported yesterday – lol .. Some nations have committed to ramping up to 2% GDP contributions.8)
    http://www.foxnews.com/opinion/2018/07/10/trump-is-right-nato-is-obsolete-and-hes-delivering-that-message-loud-and-clear.html

    3. OHHHH the humanity STORMY was arrested in OHIO which is a “touch me not” state :woohoo:
    https://www.cnn.com/2018/07/12/politics/stormy-daniels-arrested-in-ohio/index.html%5B/b%5D%5B/color%5D

    #17339

    OIL = $69.69 πŸ™‚

    #17341

    [size=5][color=limegreen][b]Dow Jones
    24,924.89
    +224.44 (0.91%)

    S&P 500
    2,798.77
    +24.75 (0.89%)

    Nasdaq
    7,823.92
    +107.30 (1.39%)

    Russell 2000
    1,690.05
    +6.39 (0.38%)

    NYSE Composite
    12,763.70
    +82.12 (0.65%)[/b][/color][/size]

    #17348

    [color=purple][b]HAPPY FRIDAY THE 13th :ohmy: and wish good luck to all today – lol … Markets are GREEN …

    DOW is up 85 points and back to 25,000 :)[/b][/color]

    #17349
    TradersCom
    Keymaster

    US June import prices -0.4% vs. 0.1% expected.
    Ex Petroleum -0.3% vs 0.2% last month
    YoY + 4.3% vs 4.3% last month.

    US June Export prices 0.3% vs. 0.2% expected, prior up 0.6%
    Export price index YoY + 5.3% vs 4.9% previous

    The June decline in import prices was the largest monthly drop since the index -0.5 percent in February 2016.
    Fuel Import prices – 0.7 percent in June, after a 6.1-percent advance in May and a 3.9-percent rise in April.

    Falling prices for both petroleum and natural gas contributed to the overall drop in June fuel prices.

    #17350
    TradersCom
    Keymaster

    University of Michigan consumer sentiment for July 97.1 vs 98.0 expected, Prev 98.2

    Current condition 113.9 versus 116.5
    Expectations 86.4 versus 86.3
    One-year inflation 2.9% versus 3.0% last
    5-10 year inflation expectations 2.4% versus 2.6%

    The University of Michigan survey director Richard Curtin on a call about the July University of Michigan consumer sentiment report.

    – China tariff escalation could weaken personal spending.
    – Trade policy hasn’t affected consumer behavior much

    #17353

    [color=blue][b]WOW — GEO-Political is off the chart today :woohoo: which is actually a NORM in the year of our Lord 2018 – lol

    NATO was once so boring it was never covered ….. plus Q&A early this morning with Trump/May was one for the ages — as I listened to live broadcast early this morning

    May the force be us in days ahead & rest of world … I am optimistic for good future ahead once things settle down eventually :)[/b][/color]

    #17354


    [color=limegreen][size=5][b]SUPER GREEN CLOSE FOR DAY & WEEK

    Dow Jones
    25,019.41
    +94.52 (0.38%)

    S&P 500
    2,801.31
    +3.02 (0.11%)

    Nasdaq
    7,825.98
    +2.06 (0.026%)

    Russell 2000
    1,687.08
    βˆ’3.20 (0.19%)

    NYSE Composite
    12,769.50
    +8.04 (0.063%)[/b][/size][/color]

    #17355
    Truman
    Participant

    Amazing close to the week after all that has gone on politically – what happens when the man is revealed behind the curtain is what worries me … have a great weekend all:)

Viewing 15 posts - 16 through 30 (of 30 total)
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