Market Weekly: November 3 – 9 2019

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    [b][color=purple][i]Where have we been and where are we … and hoping all have a GREAT WEEK ahead
    The HERD on WALL STREET are buying STOCKS at lofty levels
    The HERD on “K” STREET are trying to round up POTUS & company on exaggerated mistakes
    and the HERD in SW VIRGINIA are portrayed in a neat 2015 National Geo. documentary
    in the Private life of the DEER — Smile Bambi & Buck Rogers you are on candid camera ๐Ÿ˜‰ 8)[/i][/color][/b]


    Super Harley

    We have a number of herds on collision course it would seem – i do like the herd in your documentary. The VIX in your weekly summary is telling us be careful to be complacent at these lofty levels. A nice addition the VIX charts.


    US September Factory Orders -0.6% v -0.4% estimate. Prior -0.1

    Durable goods orders final September -1.2% versus -1.1% preliminary report (and estimate)

    durable goods ex transportation -0.4% versus -0.3% estimate. Preliminary -0.3%
    capital goods orders nondefense ex air -0.6% versus -0.5% preliminary
    capital goods shipments nondefense ex air -0.7% versus -0.7% preliminary
    nondurable orders +0.1% versus -0.4% in August
    computers/electronic product orders -1.2% versus -0.1% August
    total manufacturing inventories +0.3% versus August -0.1%
    inventory /shipments ratio 1.39 months versus 1.39 months last month

    Overall business spending on equipment was slightly weaker than initially thought. That suggests that manufacturing remains soft as a result of US China trade war

    Durable goods orders accounts for about 11% of the economy.
    Transportation equipment orders fell -2.8%
    Orders for civilian aircraft imports fell -11.8% after a -17.2% in the prior month. The Boeing troubles are mpacting this series. They should see a snapback if and when Boeing 737 Max is cleared again to fly
    Electrical equipment, appliances and components rose 0.7%
    Orders for nondefense capital goods excluding aircraft, is seen as a measure of business spending plans on equipment fell -0.6%.

    Shipments of core capital goods which is used to calculate business equipment spending in the GDP report fell by -0.7% (the same as the preliminary).

    Business investment declined at its steepest pace in more than 3 1/2 years in the 3rd quarter. This data is for the 3rd quarter of course.

    Factory Orders in the United States averaged 0.27 percent from 1991 until 2019, reaching an all time high of 10.40 percent in July of 2014 and a record low of -9.70 percent in August of 2014. source: U.S. Census Bureau


    The ISM New York Current Business Conditions index +47.7 in October 2019 up from prior 40-month low 42.8

    Employment growth accelerated (58.3 vs 52.5) and increases were recorded in current (53.6 vs 38.1) and expected revenues (57.1 vs 45.2).

    Meanwhile, quantity of purchases continued to fall (45 vs 38.6). On the price front, prices paid inflation slowed from a four-month low. The Six Month Outlook increased to 53.6 in October from a ten-and-half-year low of 45.2 in September.

    Ism New York Index in the United States averaged 55.92 percent from 1993 until 2019, reaching an all time high of 88.80 percent in December of 2003 and a record low of 23.40 percent in October of 2001. source: Institute for Supply Management


    [color=limegreen][i][b]True story — ROFL – Ohhhh the humanity — as our local radio news shared that a huge VA TECH experimental HEMP farm was harvested by someone in the night thinking it was devil weed & broke thru fencing ๐Ÿ‘ฟ ๐Ÿ‘ฟ ๐Ÿ‘ฟ ๐Ÿ‘ฟ

    HEMP is rich in CBD oils — but not the intoxicants like DEVIL WEED which is legal in “great white north” ๐Ÿ˜‰

    Virginia is one of strictest illegal states in USA — but “medical only” coming at year end — as used properly it may be helpful to cancer & pain patients — and am all for it … but may also be MORE harmful that Fake News is reporting — at least to teens, pregnancy, or heavy daily use (or at least my opinion) … in other words all things in moderation 8)

    And VA TECH even has sign that warning as they have had breakin’s during past stating
    “This is HEMP ONLY — and You can smoke everything in field & all you will get is a headache” :woohoo: [/b][/i][/color] :woohoo:


    [b]IPO watch:
    GFL Environmental (GFL), Galera Therapeutics (GRTX), 36Kr Holdings (KRKR) and Silvergate Capital (SI) are all expected to price their IPOs on November 6. Quiet periods expire for HBT Financial (NASDAQ:HBT), Vir Biotechnology (NASDAQ:VIR) and BioNTech (NASDAQ:BNTX) on November 5.

    IPO share lockup expiration dates hit for Parsons (NYSE:PSN) and Trevi Therapeutics (NASDAQ:TRVI) on November 4, as well as HeadHunter (NASDAQ:HHR), Mayville Engineering (NYSE:MEC), Milestone Pharmaceuticals (NASDAQ:MIST), Cortexyme (NASDAQ:CRTX), NextCure (NASDAQ:NXTC), Axcella Health (NASDAQ:AXLA) and South Plains Financial (NASDAQ:SPFI) on November 5 and Uber (UBER), Sonim Technologies (NASDAQ:SONM) and Jiayin Group (NASDAQ:JFIN) on November 6.



    Sports betting conferenc November 4-6 in New York City.

    Politicians, institutional investors, private equity firms and industry experts will all meet for panel discussions and networking.

    MGM Resorts (NYSE:MGM), William Hill (OTCPK:WIMHY), GVC Holdings (OTCPK:GMVHF) and Penn National Gaming (NASDAQ:PENN) are some of the notable casino-related players that will be in attendance along with media execs from Google (NASDAQ:GOOGL), Facebook (FB), Twitter (NYSE:TWTR), ESPN (DIS) and CBS Sports (NYSE:CBS).

    League officials from the NFL, NBA, MLB, MLS, PGA and NASCAR will be there.

    Voters in Colorado will decide if sports betting should be legal in the state.

    PointsBet, Full House Resorts (NASDAQ:FLL), Churchill Downs (NASDAQ:CHDN) and Wynn Resorts (WYNN) all have casino/betting interests in Colorado


    Good morning/afternoon

    another great start for the markets this week


    to be honest

    a lot of people should smoke some of that “devil weed” and chill out
    so many angry people in this world


    [size=5][color=limegreen][b]Dow 27,462.11 114.75 0.42%
    S&P 500 3,078.27 11.36 0.37%
    Nasdaq 8,433.20 46.80 0.56%
    Gold 1,512.30 0.90 0.06%
    Oil 56.56 0.36 0.64%[/b][/color][/size]

    [size=5][i]maybe one of BEST OF ALL TIME – as played for better 1/2 yesterday ๐Ÿ™‚
    GUESS WHO ? – together again- TORONTO ONTARIO 1983 LIVE — HD/HQ[/i][/size] 8)


    On TUESDAY in many USA states – it is important to vote early & often ๐Ÿ˜‰ 8)


    A “cautious VOTER” almost got kicked out of polling area in asking (actually a friend working polls) ๐Ÿ˜‰ ๐Ÿ™‚

    “Can I get an absentee ballot now for NOV 2020” ๐Ÿ˜†


    Energy Companies Reporting After Close

    Devon Energy (DVN) — / 0.17 — / 1.4B 9.35B
    Diamondback (FANG) — / 1.7 — / 1.05B 14.91B
    Hi-Crush (HCR) — / -0.06 — / 168.73M 126.88M
    Laredo Petroleum (LPI) — / 0.19 — / 204.95M 622.17M
    Mammoth Energy Services (TUSK) — / -0.46 — / 153.31M 89.56M
    Oasis (OAS) — / -0.02 — / 439.54M 975.27M
    Oasis Midstream Partners (OMP) — / 0.84 — / 100.48M 608.65M
    Pacific Drilling (PACD) — / -1.14 — / 53.32M 215.96M
    Parker Drilling (PKD) — / 0.11 — / 150M 291.37M
    Parsley Energy (PE)
    Plains All American Pipeline (PAA) –
    Surge Energy Inc. (SGY)
    Whiting Petroleum (WLL)


    Special prayers sent to our creator — for events against Mormons in Mexico … may God comfort their relatives & may each be welcomed into paradise as Christians who may be a little outside of norms of other denominations … #45s response to issue is why I like him … while I have emotions usually of Mr. Spock on Star Trek — I personally shared tears & go to Drudge for more info of this horror.

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