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its different this time
the stock market is just taking a breather as it digest the Trump, North Korea, NAFTA, US Budget/Healthcare bill, #TakeAKnee, Hurricanes, Iraq’s Kurds independence referendum, German election, NZ election, Japan dissolve the Lower House, central bank’s inflation “mystery”, ECB plans stress tests for Greek banks, Chinese developers’ debt …..other than that, we will return to our previous bull market.
there is more to worry about
August new home sales fell to a seasonally-adjusted annualized rate of 560K, down 3.4% from July, and 1.2% on a year-over-year basis. Expectations had been for a rise to 583K.
July S&P Corelogic Case-Shiller HPI: +0.3% M/M vs. +0.2% consensus, +0.1% prior.
+5.8% Y/Y (N.S.A) in-line with consensus, +5.6% (revised) priorSept. Consumer Confidence: 119.8 vs. 120.2 consensus; 120.4 (revised) in Aug.
Present situation Index 148.4 vs. 146.1 prior
Expectations Index 102.2 vs. 101.7 prior.Redbook Chain Store Sales: +4.0% Y/Y vs. +3.6% last week.
Month-to-date sales up 4.1% through September 23.
September sales are expected to increase 4.3%Sep. Richmond Federal Reserve Manufacturing Survey: +19.0 vs. +13.0 expected, +14.0 prior.
Shipments +22 vs. +8.
Capacity Utilization +16 vs. +10.
Number of Employees +15 vs. +17.
Wages +17 vs. +18.[quote=”Blarney” post=1751]GOOGL gets more of a squeeze as search engine of choice or dominance[/quote]
the game of Monopoly is fun
what is not fun is when a company has a monopolyGoogle Cloud ($GOOG, $GOOGL) announces the acquisition of Bitium, a provider of enterprise-class single sign-on identity and access management for cloud customers.
The acquisition will help streamline security and logins across all Google Cloud products to make enterprise users more comfortable using the system and less likely to revert to personal accounts with lower security.
Terms of the deal not disclosed.
U.S. Treasury Secretary Mnuchin files court papers in Texas denying claims by Exxon Mobil ($XOM) that a $2M fine assessed against the company in July over violations of Ukraine-related sanctions against Russia was unconstitutional.
The Food and Drug Administration, which oversees new drugs, medical devices and much of the U.S. food supply, said Tuesday that it had selected nine major tech companies for a pilot program that may let them avoid some regulations that have tied up developers working on health software and products.
The program is meant to let the companies get products pre-cleared rather than going through the agency’s standard application and approval process that can take months. Along with Apple, FitBit Inc., Samsung Electronics Co., Verily Life Sciences, Johnson & Johnson and Roche Holding AG will participate
I stand corrected about Congress not taking a knee — as believe it or not — someone in CONGRESS just took a knee in empathy with NFL … and as we certainly fulfilling the old Chinese proverb of living “interesting times” …. what will we see next – lol
[quote=”Assistanc3″ post=1753]Google Cloud ($GOOG, $GOOGL) announces the acquisition of Bitium, a provider of enterprise-class single sign-on identity and access management for cloud customers.
The acquisition will help streamline security and logins across all Google Cloud products to make enterprise users more comfortable using the system and less likely to revert to personal accounts with lower security.
Terms of the deal not disclosed.[/quote]
There’s that monopoly you speak of 🙂
At the close
Dow -0.03% to 22,289.20. S&P +0.02% to 2,497.18. Nasdaq +0.15% to 6,380.11.
Treasurys: 30-year -0.1%. 10-yr -0.1%. 5-yr -0.06%.
Commodities: Crude -0.63% to $51.89. Gold -0.98% to $1,298.64.
Currencies: Euro -0.46% vs. dollar. Yen +0.46%. Pound +0.11%.
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