Market Weekly: Nov 30 Dec 1 2017

Join us in our weekly market thread.

This weeks U.S. market data includes New and pending home sales (October), Retail and wholesale inventories (October), FHFA and S&P CoreLogic house price indices (September), Conference Board Consumer Confidence Index (November), GDP (third quarter – second release) and Personal income and spending (October)

fearless girlcomment section below data
Last Weeks recap

Mortgage applications   
w/w purchase +0.1%
YoY purchase +4%
w/w refinance -5%

M1
-0.1% w/w
-0.4% m/m
+5.6% YoY Real M1

Initial jobless claims
239,000 -10,000

Railroad transport
Carloads -1.6% YoY
loads ex-coal 1.5% YoY
Intermodal units +3.9% YoY
Total loads +1.2% YoY

Oil prices and usage
Oil +$2.29 to $58.97 w/w
Gas prices -$0.02 to $2.57 w/w      
Usage 4 wk avg +2.6% YoY

M2
0.1% w/w 
0.% m/m
+2.7% YoY Real M2

0.200 TED spread -0.010 w/w
1.1327 LIBOR +0.047 w/w

Shipping transport
Harpex +4 to 478
Baltic Dry +84 to1445

NYSE ^TRIN
1.08

Week
Dow Jones 0.9%
Nasdaq 1.6%
S&P 500 0.9%
Russell 2000 1.8%     
YTD
Dow Jones 19.2%
Nasdaq 28%
S&P 500 16.2%
Russell 2000 11.9%

 

With National holidays in both the U.S. and Japan made for quiet trading.

U.S. Financials lagged as short-term interest rates continued to drift up and longer-term interest rates fell. The spread between the 2-yr note yield and the 10-yr note yield narrowed to 60 basis points from 63 basis points a week ago and 125 basis points when the year began.

The falling U.S. dollar helped rally commodity prices, with copper and iron ore seeing big gains and WTI oil prices up +$2.29 to $58.97 for the week and up +28.3% for the year.


 

Baltic Dry Index
bdi nov 26 2017

P/Es & Yields on Major U.S. Indexes
pe yields nov 26 2017

 


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

MegaCaps: 

LargeCaps: BTI RY TD SNP BNS PBR-A SMFG VMW MFG CM TLK ADSK PKX WDAY AKO-A KB SHG KR CEA SNPS ULTA MRVL TIF ENIA PVH WF

MidCaps: MBT HTHT PHI MOMO DCI GWRE NTNX FIZZ BFR WGL NUAN PSTG AAAP TECD HRG MIK FIVE BOX CIG AVAL JACK SMTC NOMD GLNG DSGX BIG

 

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