Market Weekly: Oct 1 – Oct 6 2018

Viewing 15 posts - 1 through 15 (of 37 total)
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  • #18386

    Where have we been and where are we…

    [article]1090[/article]

    #18389
    Truman
    Participant

    Typhoon Trami Bearing Down on Japan

    #18392

    [color=teal][size=5][b]GOOD MONDAY morning to all 🙂 New NAFTA deal should be job for stocks and CAN/MEX/USA trading 8)
    https://www.marketwatch.com/story/sp-500-could-see-a-record-session-after-us-canada-reach-nafta-deal-2018-10-01%5B/b%5D%5B/size%5D%5B/color%5D

    #18393

    [size=5][color=red][b]OHHHHH THE HUMANITY . :woohoo: :woohoo: :woohoo: :woohoo: :woohoo: :woohoo:
    and don’t call it NAFTA any longer either 😉 :whistle:[/b][/color][/size]

    #18394

    [b][color=red][size=5]USMCA = USA/MEX/CAN agreement on TRADE 8) 8) 8)
    RIP NAFTA [/size][/color][/b] 😉 :woohoo: :woohoo: :woohoo:

    #18396

    [size=6][b][color=limegreen] Dow 26,651.21 192.90 0.73% 
    S&P 500 2,924.59 10.61 0.36%[/color] 
    Nasdaq 8,037.30 -9.05 -0.11%
    Gold 1,192.60 -3.60 -0.30% 
    Oil 75.47 2.22 3.03%[/b][/size]

    P.S. Just as the Clampets struck OIL so has USA/Canada

    #18397

    [b][color=red]$1.2 TRILLION DOLLAR DEFICIT for FY 2018 🙁

    Debt Up $1,271,158,167,127; Feds Borrowed $8,172 Per Every American With a Job …. according to the Treasury, and finished the fiscal year at $21,516,058,183,180.23 …. The federal fiscal year runs from October 1 through September 30.[/color][/b]

    https://www.cnsnews.com/news/article/terence-p-jeffrey/fy-2018-debt-1271158167127

    #18398
    Helmholtz Watson
    Participant

    [quote=”CautiousInvestor” post=8197][b][color=red]$1.2 TRILLION DOLLAR DEFICIT for FY 2018 🙁

    Debt Up $1,271,158,167,127; Feds Borrowed $8,172 Per Every American With a Job …. according to the Treasury, and finished the fiscal year at $21,516,058,183,180.23 …. The federal fiscal year runs from October 1 through September 30.[/color][/b]

    https://www.cnsnews.com/news/article/terence-p-jeffrey/fy-2018-debt-1271158167127[/quote]

    And they try to have us believe all that debt isn’t a problem and that rising interest rates don’t matter ….

    #18400
    TradersCom
    Keymaster

    ISM New York business conditions 72.5 vs 76.5 prior

    Current Business Conditions were at 72.5 in September, a 4 point drop from the 12-year high of 76.5 in August.

    “In September, New York City purchasing managers reported the highest Employment number on record, according to the survey taken by the Institute for Supply Management-New York,” the ISM New York.

    Six-Month Outlook rose for the second consecutive month to 81.5 in September, reaching a 9-month high (85.7 in December 2017).
    Employment was at 73.8, up from 62.0 in August. New record, Employment had never before been in the 70s.
    Quantity of Purchases rose to 79.4 in September, up from 66.7 in August.
    Prices Paid fell to 75.0 in September, down from 78.6 in August.

    #18401
    ThePitBoss
    Participant

    Catching up with the auto sales:

    Ford US Sept light-vehicle sales -11% vs -9.1% estimate
    F-Series trucks broke 16-month streak of sales gains falling 8.8% dip and SUV sales fell 2.7%.

    Toyota US auto sales -10.4% vs -6.7% estimate
    Fiat Chrysler US auto sales +15% versus +8% estimate
    Honda US auto sales -7% versus -3.9% estimate
    Nissan US auto sales 12.2 versus -19.7% estimate
    GM Q3 US auto sales -11% vs +4.6% in Q2

    #18403
    ThePitBoss
    Participant

    [b]European stockmarkets all closed red today:
    [/b]
    France’s Cac -0.7%
    Germany Dax -0.5%
    Italy FTSE MIB -0.23%
    Portugal PSI20 -0.4%
    Spain Ibex -1.1%
    UK FTSE -0.2%

    #18404

    [size=5][b][color=limegreen]DOW = ALL TIME HIGH 8)
    Dow 26,773.94 122.73 0.46%[/color]
    [color=red]S&P 500 2,923.43 -1.16 -0.04%
    Nasdaq 7,999.55 -37.76 -0.47%[/color]
    Gold 1,208.00 1.00 0.08%
    Oil 75.19 -0.04 -0.05%[/b][/size]

    #18405
    TradersCom
    Keymaster

    US MBA mortgage applications w/e. 28 September 0.0% vs +2.9% prior

    Purchase index 240.7 vs 240.4 prior
    Market index 352.6 vs 352.5 prior
    Refinancing index 945.9 vs 946.8 prior
    30-year mortgage rate 4.96% vs 4.97% prior

    #18406
    TradersCom
    Keymaster

    US September ADP employment change 230K vs 184K expected, Prior 163K

    Service producing +184K
    Goods producing +46K

    September 2018 Report Highlights*

    View the ADP National Employment Report Infographic at http://www.adpemploymentreport.com.

    Total U.S. Nonfarm Private Employment: 230,000


    Small businesses: 56,000 o 1-19 employees 35,000 o 20-49 employees 21,000

     Medium businesses: 99,000 o 50-499 employees 99,000

     Large businesses: 75,000 o 500-999 employees 26,000 o 1,000+ employees 49,000

    Goods-producing: 46,000 o Natural resources/mining 5,000 o Construction 34,000 o Manufacturing 7,000

    Service-providing: 184,000 o Trade/transportation/utilities 30,000 o Information -3,000 o Financial activities 16,000 o Professional/business services 70,000  Professional/technical services 25,000  Management of companies/enterprises 7,000  Administrative/support services 38,000 o Education/health services 44,000  Health care/social assistance 37,000  Education 7,000 o Leisure/hospitality 16,000 o Other services 10,000

    #18407
    TradersCom
    Keymaster

    Fed’s Barkin Speaking at an economic conference in West Virginia

    Growth is solid, unemployment is low, inflation on target
    Hard Brexit or a political crisis are scenarios for potential shocks to US economy
    Will be focused on data on business investment, worker compensation, durable goods prices, productivity and yield curve

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