Market Weekly: June 17 – June 25 2019

Viewing 15 posts - 1 through 15 (of 31 total)
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  • #20972

    [size=5][i]Where have we been and where are we πŸ™‚
    HAPPY FATHERS DAY & wishing all a great week of trading & investing ahead[/i][/size]

    [article]1561[/article]

    #20976
    Truman
    Participant

    Risk on improving with Hong Kong concessions ,,, Asian stocks mostly higher.

    Hong Kong Hang Seng up 1.38%
    Japan’s Nikkei up 0.63%
    China’s Shanghai compo up 0.62%
    Seoul’s KOSPI up 0.18%.
    Australia’s ASX 200 is down -0.25%.

    USDJPY and JPY crosses are higher as is AUDUSD and NZDUSD

    #20977
    TradersCom
    Keymaster

    June US Empire Fed manufacturing index -8.6 v +11.0 expected Prior +17.8

    Largest one-month fall on record

    Manufacturing survey for the New York area Lowest since October 2016

    New orders -12.0 v +9.7 prior
    Employment -3.5 v +4.7 prior
    Prices paid +27.8 v +26.2 prior
    6-month business conditions +25.7 +30.6

    #20978
    ThePitBoss
    Participant

    [quote=”TradersCom” post=10790]June US Empire Fed manufacturing index -8.6 v +11.0 expected Prior +17.8

    Largest one-month fall on record

    Manufacturing survey for the New York area Lowest since October 2016

    New orders -12.0 v +9.7 prior
    Employment -3.5 v +4.7 prior
    Prices paid +27.8 v +26.2 prior
    6-month business conditions +25.7 +30.6[/quote]

    Huge miss – not a big survey typically but right in Fed week will get notice

    #20979
    TradersCom
    Keymaster

    Meanwhile the collapse in Singapore Exports Underscores the Collapse in World Trade

    via @SoberLook

    #20981

    [i][size=5]Monday is off to a positive start on WALL STREET 8)
    Fathers day was great in our family
    Even in quick hike saw a brand new tiny fawn that had to be only hours old
    Tried to get a photo but it quickly left with mom πŸ™‚

    While I’m not doing well in raising hot peppers from seed – I’ve got close to 40 tomato plants in the ground
    and just bought 8 Cayenne plants from local country store & thankful as that will make great future chili

    KEEP an eye on the stormy skies … as unsettled weather pattern in eastern half of USA
    we had a light HAIL storm yesterday :woohoo:
    [/size][/i]

    #20983

    [color=limegreen][size=5][b]Dow 26,112.53 22.92 0.09%
    S&P 500 2,889.67 2.69 0.09%
    Nasdaq 7,845.02 48.37 0.62%
    Gold 1,343.40 -1.10 -0.08%
    Oil 51.95 -0.56 -1.07%[/b][/size][/color]

    “JEB pays INCOME TAX” … ohhhhh the humanity πŸ˜†

    #20984
    Super Harley
    Participant

    mmmm Chili sounds good – a baby dawn on Fathers Day that has to be good sign πŸ™‚

    #20992
    MoneyNeverSleeps
    Participant

    Blast Off Stocks and Oil as Trump and Draghi Talk it up QE, Trade Deal etc

    White House statement ov Trump and Xi call:

    Discussed ‘leveling the playing field’
    Discussed regional security and the G20 (Does this mean North Korea could be part of the equation, something Trump has mentioned before. Xi travels to North Korea this weekend to meet with Kim Jong-Un.

    #20993
    MoneyNeverSleeps
    Participant

    BAML Survey Shows Fund Managers Most Bearish Since GFC

    Bank of America Merrill Lynch surveyed 230 fund managers responsible for $645 billion in funds in the second week of June and they found a sharp increase in risk aversion.

    The survey is the “most bearish survey of investor confidence since the Global Financial Crisis,” they write. “Pessimism driven by concerns over trade war/recession, monetary policy impotence and low strike prices for policy puts.”

    The survey showed the second largest drop in equity allocation ever and global growth expectations fell by the most in a single survey since 1994.

    On policy, they don’t see a Fed put until the S&P 500 hits 2430 with Trump cutting a deal with China at 2350.

    The survey shows a “huge June rotation to bonds, cash, staples, utilities, and huge rotation away from equities, banks, Eurozone, tech” and that long US Treasuries is the most-crowded trade.

    #20994

    SUPER Bullish close — that was as GREEN as KRYPTONITE πŸ˜‰ 8)
    [color=limegreen][size=5][b]Dow 26,465.54 353.01 1.35%
    S&P 500 2,917.75 28.08 0.97%
    Nasdaq 7,953.88 108.86 1.39%
    GlobalDow 3,034.89 35.34 1.18%
    Gold 1,349.80 6.90 0.51%
    Oil 54.07 2.14 4.12%[/b][/size][/color]

    #20995

    [size=5][color=green][i]FACEBOOK’S NEW LIBRA FAKE KRYPTO-CURRENCY :ohmy:
    IS A POCKET FULL OF KRYPTONITE :woohoo: :woohoo: :woohoo: :woohoo: [/i][/color][/size]

    #20996

    [size=5][color=green][i]and finally there’s POTUS # 45’s rally
    in Orlando to kick off 2020 campaign – LOL πŸ˜‰ :woohoo: : [/i][/color][/size]

    #20998

    [size=5][i]Ohhh the humanity from MAGA to KAGA for 2020 (KEEP AMERICA GREAT) :woohoo:
    although not sure if the work of making GREAT again is complete πŸ˜‰ πŸ™‚
    Below is video from last night’s huge kick-off rally 8)[/i][/size]

    #21001
    ClemSnide
    Participant

    Meanwhile over in the UK its getting closer to PM Boris Johnson

    Rory Stewart is OUT of Tory leader battle as Boris storms on: Another hopeful crashes out as favorite Johnson surges AGAIN with backing from 143 MPs in third round of voting

    GONE

    Boris Johnson had been picking up more supporters after Dominic Raab was evicted from Tory leader battle
    Mr Raab has backed the former foreign secretary as the only candidate willing to deliver ‘Brexit on time’

    The five contenders in the debate last night were Mr Johnson, Jeremy Hunt, Michael Gove, Sajid Javid and Rory Stewart

    Mr Johnson insisted the UK must leave the EU at the end of October or face ‘catastrophic loss of confidence’ He was attacked over record in Foreign Office as well as remarks about muslim veils and tax cut proposals

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