Market Weekly: Oct 19 – Oct 26 2018

Viewing 15 posts - 16 through 30 (of 44 total)
  • Author
  • #18684

    5-year note auction for US$39 billion at 2.977%, Last auction 2.997%

    Bid to cover came in at 2.30x lower than the last auction of 2.39x and 6 mth average 2.48x
    39.1% to primary dealers
    59.0% to indirect bidders
    1.9% to direct bidders


    Blood Bath:

    Nasdaq down -3.44% now
    S&P down 65 points or -2% at 2676.38
    NASDAQ down -255 points or 3.44% at 7180
    Dow industrial average is down -430 points or -1.71% at 24761



    Try to climb out:


    [size=6][color=red][b]Dow 24,584.71 -606.72 -2.41%
    S&P 500 2,656.30 -84.39 -3.08%
    Nasdaq 7,108.40 -329.14 -4.43%
    Gold 1,235.80 -1.00 -0.08%
    Oil 66.35 -0.08 -0.12% [/b][/color][/size]


    [size=6][b]2018 = YEAR OF COMET[/b%5D%5B/size%5D
    On Dec. 16th, this hyperactive comet will come within 11.5 million km of Earth–making it one of the 10 closest-approaching comets of the Space Age. Comet 46P/Wirtanen will probably become a naked eye object for several weeks during the holidays, prompting some astronomers to call it “the Comet of the Year.” A green ball of gas wider than the planet Jupiter is approaching Earth. It’s name is “Comet 46P/Wirtanen.” Italian astronomer Rolando Ligustri photographed the verdant orb on Oct. 18th using a remote-controlled telescope in Australia:


    [color=green][size=5][b]FUTURES UP +150 & hopeful for a good “CAT BOUNCE” today 8)
    Tesla & Microsoft had good earnings reports 8)[/b][/size][/color]


    [color=purple][b]Sadly a total of TEN mail bombs discovered 🙁

    And media is already placing some blame even on president – even though there are many unknowns. (for his tough Patton-like stands) … hopefully those behind this will be quickly found — as authorities trace their way thru.

    Not sure if bombs are even “working” devices … while I lean more to alt-right disturbed person, this could even be a ploy to make ADMIN look bad just like KAV hearing & massive invasion force coming from south (which does have some funding & organization).

    But whether attacks come from right or left — they are criminal (and they are not fault at all of #45)

    We do need a more peaceful world as noted in one of my all time favorites from 1971 🙂 [/b][/color]


    DOW up +350 … NAZ up +177 … Making up over HALF of yesterday’s equity haircuts 🙂


    US Wholesale inventories for September (P) 0.3% versus 0.5% expected, year on year 5.1%

    US Retail inventories 0.1% versus 0.7% prior and expected. year on year 3.1%
    Excluding motor vehicle, parts -0.1% versus +1.5%


    US September advance goods trade balance higher -$76.0 billion vs -$75.1 billion expected

    Prior -$75.8 billion; revised to -$75.5 billion


    US September prelim Durable Goods Orders +0.8% vs -1.5% expected
    Prior +4.4%; revised higher to +4.6%

    Ex transport +0.1% vs +0.4% expected

    Capital goods orders non-defense ex air -0.1% vs +0.5% expected Prior -0.9%; revised higher to -0.2%

    Capital goods shipments non-defense ex air 0.0% vs +0.4% expected Prior -0.2%


    Atlanta Fed GDPNow is cut to 3.6% from 3.9%

    The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2018 is 3.6 percent on October 25, down from 3.9 percent on October 17. The nowcast of third-quarter real residential investment growth fell from -1.6 percent to -4.1 percent after housing market reports from the National Association of Realtors and the U.S. Census Bureau. An increase in the nowcast of third-quarter real nonresidential equipment investment growth from 2.7 percent to 3.8 percent was more than offset by declines in the nowcasts of the contributions of net exports and inventory investment to third-quarter real GDP growth from -1.11 percentage points and 2.20 percentage points, respectively, to -1.24 percentage points and 2.08 percentage points, respectively, after this morning’s advance reports on durable manufacturing, international trade, and inventories from the Census Bureau.


    Kansas City Fed October Manufacturing activity index 8 Lower Than 14 Exp

    Prior was 13, October is the lowest since December 2016

    Composite six-month outlook falls to 21 versus 27 last month

    prices paid 33 versus 45 last month
    new orders 7 versus 15 last month
    new orders for exports 3 versus 1 last month
    production 5 versus 10 last month
    number of employees 8 versus 1 last month
    average employee workweek for versus 3 last month
    shipments 14 versus 2 last month


    European Stock Market Closes

    France CAC, +1.6%
    Germany DAX,+1.1%
    Italy FTSE MIB, +1.78%
    Portugal PSI 20, +1.13%
    Spain Ibex, +1.5%
    UK FTSE, +0.6%

Viewing 15 posts - 16 through 30 (of 44 total)
  • You must be logged in to reply to this topic.