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[color=purple][size=5][i]Ohhhh the humanity … thankfully I try to avoid adult beverages with respect of too much can destructive to brain cells, increase health risks, etc. .. Light or Moderation in all things prevails 😉 8) …
And on calendar it is FAT TUESDAY in New Orleans tonight :woohoo: — and wanted to denote season of LENT beginning soon (50 days til Easter) 🙂 .. hopefully after latest arctic blast we will see spring soon[/i][/size][/color] 8)
Morgan Stanley says USD is set to weaken … ‘quite a bit’
Via Bloomberg reporting Morgan Stanley Wealth Management co-head of market research and strategy Scott Helfstein
USD to fall 15% through to Q4 2020
Like Emerging Markets
Believe China has ‘troughed’ with monetary and fiscal boosts to bring it higher[size=5][b]US MBA mortgage applications W/e. 1 March -2.5% vs +5.3% prior
[/b][/size]Purchase index 240.5 vs 247.0 prior
Market index 375.3 vs 384.8 prior
Refinancing index 1,110.9 vs 1,133.8 prior
30-year mortgage rate 4.67% vs 4.65% prior[size=5][i]PPPLLLUUUNNGGEEE :woohoo: :woohoo: :woohoo:
[color=purple]Small & normal pullbacks from strong JAN-FEB run
esp. considering GOVT shutdown & tariff issuesStill more of a day for “Goldilocks & the 3 bears” rather than WALL STREET bulls
Even Goldman went lax on dress code – LOL
as millennials dislike suits (so business casual now) 🙂 :whistle: :whistle: :whistle: [/color][/i][/size]
[color=red][size=6][b]Dow 25,673.46 -133.17 -0.52%
S&P 500 2,771.45 -18.20 -0.65%
Nasdaq 7,505.92 -70.44 -0.93%
Gold 1,287.60 2.90 0.23%
Oil 56.19 -0.37 -0.65%[/b][/size][/color]Eurozone Q4 GDP final reading +0.2% vs +0.2% q/q second estimate
via Eurostat – 7 March 2019
Q4 final GDP +1.1% vs +1.2% y/y second estimate
Out ahead of ECB meeting later.
[color=red][size=5][b]PPPPLLLUUUNNNGGGEEE — HOLY 201K accounts :ohmy:
DOW at MINUS 250 on EU, earnings, trade wars, etc. :woohoo:[/b][/size][/color]
Larry Summers: Lack of growth currently despite ultra-low rates and government deficits.
Paper by Summers with co-author Rachel Lukasz.
“We argue that these secular movements are in larger part a reflection of changes in saving and investment propensities rather than the safety and liquidity properties of Treasury instruments. We then point out that the movements in the neutral real rate reflect both developments in the private sector and in public policy,”
“Policymakers going forward will need to engage in some combination of greater tolerance of budget deficits, unconventional monetary policies and structural measures to promote private investment and absorb private saving if full employment is to be maintained and inflation targets are to be hit,” the paper says.
[size=6][color=red][b]Dow 25,473.23 -200.23 -0.78%
S&P 500 2,748.93 -22.52 -0.81%
Nasdaq 7,421.46 -84.46 -1.13%
Gold 1,286.30 0.20 0.02%
Oil 56.47 -0.19 -0.34%[/b][/color][/size]LOL – quote of day … I have privilege of working mostly at home now & listen to talk radio in background — on one sports show, our local host noted about “drama queens” & those who share EVERYTHING on Facebook
[b][color=blue][size=5]80% of those who read these posts don’t care :whistle: :whistle: :whistle: :whistle:
and the other 20% are glad you’re having problems 😉 :woohoo: :woohoo::woohoo::woohoo:[/size][/color][/b]Chinese stocks gapping down on trade deal worries after ECB comments
China CSI 300 Index, Shanghai Composite Open Down near 3%, biggest falls of 2019
[size=5] Only +20,000 jobs :woohoo: … DOW = minus 110 & falling some
Job growth was a less than expected – but decent with a little wage growth even in GOVT shutdown … this may keep FED on hold — as world wide economy is slowing a little … thanks due to good tax & business conditions in USA, things are staying strong — even in the midst of geo-political-media storms things are holding so far or otherwise we’d be 20,000 leagues under the sea for equities – lol 😉 … Hope we can further improve even more in 2019 with even better #s
[size=5][color=green][b]US January housing starts +1230K v +1195K expected
Prior 1078K[/b]
[/color][/size]
[size=5][color=green][b]Building permits +1.4% vs -2.9% exp
Prior +0.3%[/b][/color]
[/size]
[color=red][size=6][b]Dow 25,450.24 -22.99 -0.09%
S&P 500 2,743.07 -5.86 -0.21%
Nasdaq 7,408.14 -13.32 -0.18%
Gold 1,299.40 13.30 1.03%
Oil 55.97 -0.69 -1.22%[/b][/size][/color][color=purple][size=5][i]REMINDER of weekend DST time change — And to SPRING FORWARD (great time to check home smoke detector batteries also)
Being in computer field we sometimes have to shutdown apps that are highly time sensitive … I usually start setting clocks on SATURDAY during the day as needed … most computer & smartphones automatically adjust …. looking forward to extra hour of daylight after I complete work each day :)[/i][/size][/color]
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