Market Weekly: Oct 9 Oct 13 2017

Viewing 15 posts - 16 through 30 (of 51 total)
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  • #12434

    Happy Columbus Day & early Thanksgiving day for Canada … a good close for equities today 🙂

    #12435
    Assistanc3
    Participant

    My mistake
    We do have a CFL game on
    It’s almost over , so turning back to baseball game

    #12445
    Helmholtz Watson
    Participant

    I need a Jamesons now …

    #12446
    Assistanc3
    Participant

    The Chinese yuan strengthened in early Asian trade on Tuesday in what analysts see as the country’s attempt to engineer market stability one week before 19th Communist Party Congress gathering in Beijing.

    The U.S. dollar/yuan pair was trading around 6.597 at 10:10am HK/SIN, compared with 6.6147 at the close of the previous session.

    The strength of the Chinese currency contributed to overall weakness of the greenback, with the dollar index trading 0.2 percent lower.

    #12462
    Assistanc3
    Participant

    Redbook Chain Store Sales: +3.2% Y/Y vs. +4.1% last week.
    Month-to-date sales up 3.2% through October 7.
    October sales are expected to increase 3.6%.

    NFIB Small Business Optimism Index: -2.1% at 103 (consensus of 105.4, prev 105.3)

    #12467
    Assistanc3
    Participant

    $WMT$20 Billion Share BuyBacks
    reiterates 2018 guidance
    FY19 expects sales to grow 3% or more
    U.S. eCommerce is anticipated to be ~40%

    #12468
    Assistanc3
    Participant

    At the close
    Dow +0.32% to 22,833.11. S&P +0.24% to 2,550.38. Nasdaq +0.11% to 6,587.69.
    Treasurys: 30-year +0.12%. 10-yr +0.06%. 5-yr +0.04%.
    Commodities: Crude +2.74% to $50.94. Gold +0.45% to $1,290.75.
    Currencies: Euro +0.62% vs. dollar. Yen -0.22%. Pound -0.49%.

    #12469

    HAVE NO FEAR … Neither RAIN, or SNOW, or FAKE NEWS will stop this great rally it seems 🙂

    #12471
    Truman
    Participant

    [quote=”Assistanc3″ post=2212]$WMT$20 Billion Share BuyBacks
    reiterates 2018 guidance
    FY19 expects sales to grow 3% or more
    U.S. eCommerce is anticipated to be ~40%

    Well that’s one way to ramp a market.

    I wonder how much $AMZN loses out to them on the online sales?

    #12472

    GOOD NEWS for WALMART = GOOD NEWS for both #1 & #2 economies world-wide 8) 8)

    #12498
    Assistanc3
    Participant

    JOLTS: 6.082M job openings vs. 6.160M expected, 6.140M prior (revised).

    MBA Mortgage Applications
    Composite Index: -4.16% vs. -0.4% last week.
    Purchase Index: +1.0% vs. +1.0%.
    Refinance Index: -2.0% vs. -2.0%
    30 year mortgage rate of 4.16% vs. 4.12%.

    #12499
    Assistanc3
    Participant

    The Treasury Secretary is “strongly pushing” for the White House to nominate current Fed Governor Jerome Powell as the central bank’s next chairman, reports Politico.

    Those close to the process says Mnuchin knows Powell and thus feels he can exert at least some influence, though, of course, the Fed is supposed to operate independently from the Executive Branch.

    Unlike current Fed boss Janet Yellen, Powell is a lawyer by training, not an economist. He has worked in the financial world for most of his career – including a stint in Bush I’s Treasury Department and later as a partner at Carlyle Group.
    Other candidates on the short list: Yellen, Gary Cohn, and Kevin Warsh.

    #12500
    Assistanc3
    Participant

    According to Moody’s, Americans earning between $25.3K and $43K devoted 15.6% of their income toward servicing debt in 2016 – the first increase in that ratio since 2010. “We are seeing signs of the credit cycle turning,” says Moody’s Jody Shenn.

    Before worrying too much about lenders just yet, Shenn reminds that debt servicing levels remain “very manageable,” noting growing wages, low interest rates, and longer term loans.

    #12501
    Assistanc3
    Participant

    At the close
    Dow +0.17% to 22,871.58. S&P +0.18% to 2,554.62. Nasdaq +0.25% to 6,603.51.
    Treasurys: 30-year +0.29%. 10-yr +0.15%. 5-yr +0.06%.
    Commodities: Crude +0.77% to $51.31. Gold +0.11% to $1,295.27.
    Currencies: Euro +0.5% vs. dollar. Yen -0.05%. Pound -0.21%.

    #12503
    ClemSnide
    Participant

    [quote=”Assistanc3″ post=2244]The Treasury Secretary is “strongly pushing” for the White House to nominate current Fed Governor Jerome Powell as the central bank’s next chairman, reports Politico.

    Those close to the process says Mnuchin knows Powell and thus feels he can exert at least some influence, though, of course, the Fed is supposed to operate independently from the Executive Branch.

    Unlike current Fed boss Janet Yellen, Powell is a lawyer by training, not an economist. He has worked in the financial world for most of his career – including a stint in Bush I’s Treasury Department and later as a partner at Carlyle Group.
    Other candidates on the short list: Yellen, Gary Cohn, and Kevin Warsh.[/quote]

    Lawyer, Bush Carlyle – we know where we are going here

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