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)
comment section below data
Last Weeks recap
Mortgage applications M1 Initial jobless claims Railroad transport | Oil prices and usage M2 0.200 TED spread -0.010 w/w Shipping transport NYSE ^TRIN |
| 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
P/Es & Yields on Major U.S. Indexes
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