Market Weekly: Mar 5 Mar 9 2018

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    This weeks U.S….



    ^^^^ +3.. Another EXCELLENT publications by our EDITOR & CHIEF



    [size=5]GOOD MORNING … 3 overnight news items

    1. Futures slightly down with “TRADE WAR” tariff concerns … Darth Vader is so moody, unstable, and danger — that we need to enact 25th amendment action right away :whistle: … actually while I do not favor these new taxes, the purpose is to start fixing some of trade issues by actually doing something rather than talking

    2. Across the pond, things are getting TRUMPED up with candidate wanting to make ITALY GREAT AGAIN ๐Ÿ˜‰ 8)

    3. VP Joe is running to be #46 in 2020 … His new rally cry is LET’S MAKE AMERICA “AMERICA” AGAIN (lol – by letting in more illegals, spending peoples $$$ like a drunken sailor, entering unfair trade wars, etc. But he would be darling of the media i ๐Ÿ˜‰ ๐Ÿ™‚ … I almost lost my coffee with a good morning laugh — as VP Joe screamed that to top of his lungs :woohoo::woohoo: :woohoo: :woohoo: & share as early morning humor & not to get political.)[/size]


    I almost lost my coffee reading ur write up about Joe


    and markets bouncing off the bottom

    guess its time for another coffee


    WOW — Almost 200 point bounce up — as sometimes it’s like herding cats ๐Ÿ˜‰ ๐Ÿ™‚


    my work is done ๐Ÿ™‚

    off to take an early lunch


    Japan services PMI (Feb): 51.7 (prior 51.9)

    Australia (GDP input data) Q4 profits: 2.2% q/q (expected 1.5%)
    Australia – ANZ job ads (February) -0.3% m/m (prior +6.2%)
    Australia (GDP input data) Q4 inventories: 0.2% q/q (expected 0.5%)
    Australia – Building approvals (January) +17.1% m/m (vs. expected +5.0%)

    Eurozone March Sentix investor confidence 24.0 vs 30.9 expected
    Eurozone January retail sales m/m -0.1% vs -0.1% expected
    Eurozone Markit Feb services PMI final 56.2 vs 56.7 exp
    Germany February final services PMI 55.3 vs 55.3 prelim
    France Markit Feb services PMI final 57.4 vs 57.9 exp
    Italy February services PMI 55.0 vs 57.0 expected
    Spain February services PMI 57.3 vs 56.4 expected
    UK Markit/CIPS Feb services PMI 54.5 vs 53.3 exp


    Feb. US PMI Services Index: 55.9 vs. 55.9 consensus, 53.3 prior.

    Feb. ISM Non-Manufacturing Index: 59.5 vs. 58.8 consensus, 59.9 prior.
    Business activity 62.8% vs 59.8.
    New Orders 64.8% vs 62.7%.
    Employment 55% vs 61.6%.


    Mastercard new 52 week high


    At the close
    Dow +1.4% to 24,881.16. S&P +1.11% to 2,721.58. Nasdaq +1.00% to 7,330.64.
    Treasurys: 30-year -0.2%. 10-yr -0.12%. 5-yr -0.06%.
    Commodities: Crude +2.19% to $62.59. Gold -0.25% to $1,320.10.
    Currencies: Euro +0.15% vs. dollar. Yen +0.41%. Pound -0.3%.

    Super Harley

    The trouble in Italy cleared out the weak longs and up she rode – like clockwork – saw your post on MasterCard – I guess that stands to reason with the record credit card debt


    WALL ST BULLs enjoyed a day of feasting off the FOMC “sweet feed” as every day before next interest hike is a good one ๐Ÿ™‚


    all the credit card companies are EXPENSIVE
    and now that interest rates are rising, wages still stagnant and inflation is always around the corner
    – its time to bail on the American consumer access to credit

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