Market Weekly: Oct 9 Oct 13 2017

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    [quote=”Assistanc3″ post=2245]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.[/quote]

    At the same time margin debt is through the roof – playing Russian roulette with their lives – don’t tell Mueller



    Melania making the Pantsuit sexy again

    Prime Minister of Canada and wife with President Trump and First Lady Melania
    something something, NAFTA


    SUPER GREEN … 48th all time high of year 🙂


    [quote=”Assistanc3″ post=2255]

    October 20 earnings – I look forward to Boss’s preview – not sure $GE is though


    The House is poised Thursday — over the fierce objections of conservatives — to pass a $36.5 billion emergency package to help states and U.S. territories ravaged by a series of hurricanes and wildfires that have killed dozens and destroyed thousands of homes.

    Conservative lawmakers are upset that the money is not offset by spending cuts elsewhere, but the political will to help those affected by in California, Florida, Puerto Rico, Texas and elsewhere is overwhelming.

    The White House last week had requested $29 billion and called this week for an additional $5 billion to help Puerto Rico’s government. And House Minority Leader Nancy Pelosi said Democrats had pushed for an extra $1 billion for emergency relief in the wake of the California fires.

    The legislation, which is expected to draw strong support from Democrats and Republicans, closely mirrors the funding requests submitted by the administration, including $18.7 billion for the Federal Emergency Management Agency’s disaster relief fund, $576.5 million for the Forest Service to battle wildfires and $16 billion for debt relief for the National Flood Insurance Program.

    The legislation also includes a provision for the Disaster Nutrition Assistance Program to enable low-income residents in Puerto Rico to receive the same emergency nutrition assistance that other hurricane-affected states already receive.


    [size=5]^^^^ +3 and hope that BILL will pass – it is excellent use of tax $$$$ & infrastructure rebuild benefits will pay for themselves based on money flows (that we studied about in economics in college; e.g., multiplier affect, velocity, elasticity) ….

    We have had a season of disasters that are almost Biblical in scale … To our creator, I’m still remembering needs & impacts each day: Houston, Florida, PR, Vegas, and now Napa Valley (aka, Wine Country in California — one of my favorite visits in traveling ever was a bus tour & we started at 6:30 am & visited 3 in same day – lol)[/size]


    Initial Jobless Claims -15K to 243K vs. 252K consensus, 258K prior (revised).
    Continuous Claims:-32K at 1.889M vs. 1.921M.

    September Producer Price Index: +0.4% M/M vs. +0.4% consensus, +0.2% previous. +2.6% Y/Y.
    Core PPI +0.2% M/M vs. +0.2% consensus, +0.2% prior.

    Bloomberg Consumer Comfort Index peels back to 49.5 from 49.9 last week.
    State of the Economy index increases to 51.6 from 50.9.
    Personal Finance index drops to 56.0 from 57.1.
    Buying Climate index down to 40.8 from 41.5.


    At the close
    Dow -0.15% to 22,839.31. S&P -0.18% to 2,550.02. Nasdaq -0.18% to 6,591.44.
    Treasurys: 30-year +0.47%. 10-yr +0.17%. 5-yr +0.09%.
    Commodities: Crude -1.33% to $50.62. Gold +0.55% to $1,295.99.
    Currencies: Euro -0.19% vs. dollar. Yen -0.2%. Pound -0.29%.


    $JPM and $C earnings beats but increased their loan loss reserves


    We may need to buy on dip on these “down” days as A3, PPT, and the superheroes of WALL ST were all battening down hatches for FRIDAY 13th 🙂 …. or possibly sleeping 😉 🙂 ….. The pit traders and buzzards of WALL ST are patiently waiting for the GREAT CORRECTION ahead 😉 🙂


    the worst days on the DOW since the recovery have been….
    …..days I have slept in

    I better start setting my alarm to at least 2pm


    ALL GREEN ON INDEXES AS RALLY TIME continues … WOW – just learned that current 25% spike is 5th best of all time … and am amazed it continues in some of worst natural disasters we have seen collectively in a year


    Everybody is happy


    [quote=”ThePitBoss” post=2312]Everybody is happy

    Esp Mr President

    Donald J. Trump‏ Verified account  @realDonaldTrump

    “Consumer confidence soars to highest level since 2004” …

Viewing 15 posts - 31 through 45 (of 51 total)
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