Market Weekly: Oct 2 Oct 6 2017

Viewing 11 posts - 31 through 41 (of 41 total)
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    The Trump administration issued some bold statements on its commitment to invest in space exploration.
    “We will return Americans astronauts to the moon, not only to leave behind footprints and flags but to build the foundation we need to send Americans to Mars and beyond,” Vice President Mike Pence promised today at the first meeting of the National Space Council.

    “America seems to have lost our edge in space. And those days are over,” he added.

    Space watch: SpaceX (Private:SPACE), Boeing $BA
    Lockheed Martin $LMT , Northrop Grumman $NOC, Orbital ATK $OA


    UK new car market falls for sixth consecutive month in September – down -9.3% to 426,170 units.
    First time the important September market has fallen in six years.

    Demand for alternatively fuelled vehicles continues to accelerate, up 41% last month, while petrol falls -1.2% and diesel declines -21.7%.


    At the close
    Dow +0.50% to 22,776.47. S&P +0.57% to 2,552.22. Nasdaq +0.78% to 6,585.25.
    Treasurys: 30-year -0.31%. 10-yr -0.16%. 5-yr -0.12%.
    Commodities: Crude +1.5% to $50.73. Gold -0.46% to $1,270.98.
    Currencies: Euro -0.48% vs. dollar. Yen +0.08%. Pound +1.02%.


    SUPER GREEN & RECORD SETTING CLOSE … and the WALL STREET bulls went so high they jumped over the BEAUTIFUL HARVEST MOON that will shine in skies tonight 🙂


    September Consumer Credit increases $13.1B (M/M) vs. $15.5B consensus and $17.7B prior (revised).
    Aug. Wholesale Trade: Inventories +0.9% M/M to $608.1B vs. +1.0% consensus, +0.6% in July (revised).
    Sales +1.7% to $473.4B.
    Inventory to Sales ratio rises to 1.28.

    September Nonfarm Payrolls: -33K vs. consensus +100K, +169K previous (revised).
    Unemployment rate: 4.2% vs. 4.4% consensus, 4.4% previous.
    Participation rate 62.8% vs. 62.8% expected.
    Private payrolls -40K vs. 75K expected.
    Hourly earnings +0.5% M/M vs. +0.3% expected.
    Average week hours 34.4 vs. 34.4 expected.


    At the close
    Dow -0.03% to 22,768.12. S&P -0.12% to 2,549.02. Nasdaq +0.07% to 6,590.05.
    Treasurys: 30-year -0.21%. 10-yr -0.1%. 5-yr -0.09%.
    Commodities: Crude -2.93% to $49.30. Gold +0.32% to $1,277.29.
    Currencies: Euro +0.18% vs. dollar. Yen -0.12%. Pound +0.42%.

    my apologies for not making it online in time to bring the majors all green
    gotta admit, the ramp into the close on a Friday
    ….with speculation NKorea will be launching missiles on Monday, this market is exuberant


    [size=5]SUPER GREEN finish for week
    The WALL STREET BULLS flew somewhere over the rainbow today :)[/size]




    [size=5]I am still AMAZED that markets have held up in rather turbulent & STORMY conditions – as shared in a favorite song below 😉 🙂

    As A3 shares in 1937 chart, foks thought this is the year we come out of GREAT DEPRESSION … Markets would spike up and then PPPLLLUUNNNGGGEEE … The realities of great dust bowl affect & lack of jobs prevented any form of true recovery til WWII

    one day though the GREAT CORRECTION will take sleepy 401K’ers by surprise (likely an overseas EU or other impact possibly). I’m only 18% “dry powder” and may take a few profits gradually at these lofty levels to ‘safely park’ mutual funds to money market for future buying opportunities — as not even Redwoods can touch the sky … Still we all have been buying HIGH to one day hopefully sell HIGHER


    Its hard to believe markets can withstand all that has been thrown at it

    makes me wonder if there have been recent sacrifices made at Stonehenge

Viewing 11 posts - 31 through 41 (of 41 total)
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