Traders Market Weekly: Geopolitics and Stormy Weather

Viewing 15 posts - 46 through 60 (of 91 total)
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    Morning Market
    Dow 37577.36 +52.20 (0.14%)
    Nasdaq 14901.93 +44.22 (0.30%)
    SP 500 4765.09 +8.59 (0.18%)
    10-yr Note 0/32 4.013
    NYSE Adv 1396 Dec 1292 Vol 180 mln
    Nasdaq Adv 1696 Dec 2344 Vol 1.7 bln

    Industry Watch
    Strong: Communication Services, Consumer Discretionary, Real Estate, Industrials, Consumer Staples
    Weak: Energy, Materials, Health Care, Financials, Utilities

    Moving the Market
    — Wait-and-see ahead of the December Consumer Price Index on Thursday
    — Ongoing strength in mega cap stocks
    — Treasury yields moving slightly lower

    Gains in the mega cap space continue to support index moves, but Apple (AAPL 184.54, -0.60, -0.3%) and Tesla (TSLA 232.56, -2.37, -1.0%) have been left out of mega cap gains again today. The Vanguard Mega Cap Growth ETF (MGK) is up 0.7% versus a 0.2% gain the S&P 500 and a 0.3% gain in the Nasdaq.

    Market breadth reflects mixed action under the surface. Advancers have a 4-to-3 lead over decliners at the NYSE while decliners lead advancers by the same margin at the Nasdaq.


    The weekly EIA crude oil inventories showed a build of 1.34 million barrels versus last week’s draw of 5.5 million barrels. WTI crude oil futures turned lower in response, trading flat now at $72.27/bbl after hitting $73.50/bbl earlier.

    S&P 500 energy sector (-1.0%) has extended its loss recently. The materials sector (-0.4%) is another underperformer, along with the health care sector (-0.3%) on this final day of the JPMorgan Healthcare Conference.


    Dow 37,695.73 170.57 0.45%
    S&P 500 4,783.45 26.95 0.57%
    Nasdaq 14,969.65 111.94 0.75%
    VIX 12.72 -0.04 -0.31%
    Gold 2,027.50 -5.50 -0.27%
    Oil 71.33 -0.91 -1.26%
    BITCOIN 46,121

    SUPER GREEN finish & FAV GOAT song to add to our playlists 🙂


    INFLATION (CPI) was more than expected @ 3.4% year over year
    Some minor selling on Wall Street … MSFT passed APPL as most valuable stock company intraday
    1 thing media doesn’t share well as that PRICE increases from past are here to stay
    I do feel sorry for those on fixed incomes living paycheck-to-paycheck
    COVID + record FED spending are part of why we are in difficult times for many
    Still hoping for a good 2024 ahead – even though GOVT shutdown could impact some early this year?



    Equity indices in the Asia-Pacific region ended Thursday on a mostly higher note with Japan’s Nikkei (+1.8%) continuing its push to levels not seen in more than 30 years.
    Japan’s Nikkei: +1.8%,
    Hong Kong’s Hang Seng: +1.3%,
    China’s Shanghai Composite: +0.3%,
    India’s Sensex: +0.1%,
    South Korea’s Kospi: -0.1%,
    Australia’s ASX All Ordinaries: +0.4%

    • This reply was modified 3 months ago by Truman.

    November Leading Index 107.7 (expected 107.9; last 108.9) and Coincident Indicator -1.4% m/m (last 0.2%)
    The Bank of Japan raised its economic assessment for two regions, lowered the assessment for one region, and maintained the view of the remaining six.


    November trade surplus AUD11.44 bln (expected surplus of AUD7.50 bln; last surplus of AUD7.66 bln). November Imports -7.9% m/m (last -2.9%) and Exports 1.7% m/m (last 0.8%)
    New Zealand’s November Building Consents -10.6%


    South Korea’s
    Exports through the first ten days of January were up 11.2% yr/yr with chip exports rising 25.6%.
    The Bank of Korea left its repurchase rate at 3.50%, as expected, and Governor Rhee said that it is premature to discuss rate cuts.


    China will reportedly step-up anti-corruption efforts in several sectors.


    Major European indices trade on a mostly higher note.
    STOXX Europe 600: +0.2%,
    Germany’s DAX: +0.2%,
    U.K.’s FTSE 100: -0.1%,
    France’s CAC 40: +0.2%,
    Italy’s FTSE MIB: +0.2%,
    Spain’s IBEX 35: +0.3%.


    November Industrial Production -1.5% m/m (expected -0.2%; last -0.2%); -3.1% yr/yr (last -1.1%)
    November Industrial Production 0.8% yr/yr (last -1.4%)


    European Central Bank policymaker Schnabel said that it is too early to discuss rate cuts and that there is a high possibility of a soft landing.
    Meanwhile, policymaker Villeroy de Galhau said that the French economy is slowing but is expected to avoid a recession.


    British retailers Tesco and Marks & Spencer observed strength in spending during the Christmas period.


    KB Home (KBH 61.32, -1.88, -3.0%): beats by $0.15, beats on revs, home deliveries decreased 10%, net orders were up 176%


    Occidental Petro (OXY 57.48, +0.68, +1.2%): Warren Buffet increases passive stake; provides summary of Q4 earnings considerations\

    Southwestern Energy (SWN 6.62, -0.27, -3.9%): to merge with Chesapeake Energy (CHK) in all-stock transaction valued at $7.4 billion, or $6.69 per share

Viewing 15 posts - 46 through 60 (of 91 total)
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