Market Weekly: October 20 – 26 2019

Viewing 13 posts - 46 through 58 (of 58 total)
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    [color=purple][i][b]Good THU morning to all from the DEER infested mtns of SW VA 8)
    Thanking our creator for beautiful sunrise & that favorite deer has survived 1st month of hunting 🙂
    and God bless those “R” house members STORMING the secret impeachment investigation :whistle:
    of “Shifty Shift” (carefully spelling this – ROFL) :ohmy:
    DOW FUTUREs up +33 — but could go 1,000 points either way on next TWEET as entire planet is out of control – lol 😉 :woohoo:

    As y’all know I love music & the arts — and great one to kick off day from one of greatest Smooth JAZZ albums all time 8)
    Every JAZZMASTER album by Paul Hardcastle is a masterpiece and featured singer on this albumn
    Helen Rodgers (circa 1999) has voice of angel to help calm things in troubled times 😆 [/b][/i][/color]


    US September prelim durable goods orders -1.1% v -0.7% exp Prior +0.5%

    Ex transport -0.3% vs -0.2% exp Prior transport +0.5% (revised to +0.3%)

    Capital goods orders non-defense ex air -0.5% vs -0.1% exp Prior ex air -0.4% (revised to -0.6%)

    Capital goods shipments non-defense ex air -0.7% vs -0.2% exp


    [color=red][size=5][b]US Flash Composite PMI posts at 51.2 in October from 51.0 (Sep)

    Mainly driven by a faster expansion in manufacturing activity.
    However, growth in both sectors remained subdued, with new work rising at the slowest pace in the series.

    Adjusted for seasonal influences, the IHS Markit Flash U.S. Composite PMIOutput Indexreached 51.2 in October, up from 51.0 during September, to signal the sharpest increase in business activity since July. The latest reading pointed toanother gradual recovery in output growth from the three-and-a-half year low seen in August.

    The composite index is based on original survey data from IHS Markit’s PMI surveys of both services and manufacturing. Despite a slightly stronger rate of business activity growth,the forward-looking survey indicators remained subduedin October. New workroseat the slowest pace since this index began in October 2009, which reflected stagnating order books in the service economy. In contrast, manufacturing companies recorded the sharpest increase in new business volumes since April.

    Meanwhile, backlogs of work across the private sector economy fell for the third month running in October, reflecting the near-stalling of inflows of new work.Employment numbers also fell for a second month, declining atthe steepest rate since December2009, which survey respondents often attributed to more cautious hiring strategies and a lack of new work to replace completed projects.

    Average input costs increased for the first time since July, led by a return to higher input prices in the service sector.Manufacturers reported a softer rise in their operating expenses, with some firms attributing this to lower steel prices. Business expectations continued to edge up from the recent low in August, with optimism the highest for four months.Survey respondents mostly commented on hopes of improvedndomestic economic conditions.


    can’t tell me you didnt ,miss my 2 pm rallies on the S&P500


    [size=5][b]Dow 26,805.53 -28.42 -0.11%
    [color=green]S&P 500 3,010.29 5.77 0.19%
    Nasdaq 8,185.80 66.00 0.81%
    Gold 1,505.60 9.90 0.66%



    US Stocks ramp higher after USTR says China and US close to finalizing some sections of trade deal

    Headway made with China on specific issues
    Conversations to continue at deputy level
    Principals will have another call in the near future


    trade deal wont happen till closer to 2020 election


    i dont normally share commercials
    but I think we can all appreciate this one


    [color=limegreen][size=5][b]Dow 26,958.06 152.53 0.57%
    S&P 500 3,022.40 12.11 0.40%
    Nasdaq 8,243.12 57.32 0.70%
    Gold 1,507.80 3.10 0.21%
    Oil 56.68 0.45 0.80%[/b][/size][/color]


    from one of best smooth JAZZ albums 8)


    What Risk…..

    US major stock indices recovered from earlier losses after the positive comments about US China trade progress.

    S&P index moved above the high close level at 3025.86 intraday, but not quite the all-time high level at 3027.98. The close is just below those levels at 3022.20

    S&P index rose 11.96 points or 0.4% at 3022.25
    NASDAQ index rose 57.33 points or 0.70% at 2843.12
    Dow industrial average rose 150.36 points or 0.56% at 26955.89

    For the week, the major indices closed higher:

    S&P index rose 1.21%
    NASDAQ index rose 1.90%
    Dow industrial average rose 0.69%


    ……updating my jazz collection , ty

Viewing 13 posts - 46 through 58 (of 58 total)
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