Market Weekly: Nov 20 Nov 24 2017

Join us in our weekly market thread.

This weeks U.S. market data includes Leading index (October), Existing home sales (October), Durable goods, capital goods orders (October – Prelim.), University of Michigan sentiment survey (November – Final) and Markit purchasing managers indices (November – Prelim.)

stocks up and gonecomment section below data
Last Weeks recap

Mortgage applications   
w/w purchase +0.4%
YoY purchase +17%
w/w refinance +6%

M1
-0.4% w/w
-0.2% m/m
+6.2% YoY Real M1

Initial jobless claims
249,000 +10,000

Railroad transport
Carloads -3.3% YoY
loads ex-coal -1.4% YoY
Intermodal units +5.6% YoY
Total loads +1.2% YoY

Oil prices and usage
Oil -$0.20 to $56.68 w/w
Gas prices +$0.03 to $2.59 w/w      
Usage 4 wk avg +1.6% YoY

M2
-0.1% w/w 
unchanged m/m
+2.9% YoY Real M2

0.210 TED spread unchanged w/w
1.1280 LIBOR +0.04 w/w

Shipping transport
Harpex +1 to 474
Baltic Dry -120 to 1361

NYSE ^TRIN
0.94

Week
Dow Jones -0.3%
Nasdaq 0.5%
S&P 500 -0.1%
Russell 2000 1.2%     
YTD
Dow Jones 18.2%
Nasdaq 26%
S&P 500 15.2%
Russell 2000 10%

 

Global stock indices trended lower (Nasdaq and smaller-cap benchmarks managed gains) for the week, along with government bond yeilds lower, so where energy resources.while gold/silver/bitcoin preformed better. The US Senate Finance Committee approved a tax bill, Chinese Central Bank (PBOC) drafted new regulations for financial institutions.and the British economy continued to show signs of slowing.


 

Baltic Dry Index
bdi nov 18 2017

P/Es & Yields on Major U.S. Indexes
pe yields nov 11 2017

 


Earnings report this week – here is a ticker list of notables

MegaCaps: 

LargeCaps: MDT MTU CRM LOW SMFG MFG DE INTU HPQ ADI TLK A DLTR HPE KB SHG HRL SQM CPB CEA PANW ZTO WF

MidCaps: FBR CIB BURL JEC PHI SMI EV VIPS BRCD SE GSH SIG NJR CBRL BECN PDCO TECD HRG CIG URBN DY NOAH CZZ

 

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