Market Weekly: Sep 18 Sep 22 2017

Join us in our weekly market thread.

This weeks U.S. market data includes the Federal Reserve meeting and rate decision, Housing starts and building permits (August), Import and export price indexes (August), Existing home sales (August), Conference Board leading index (August) and Markit purchasing managers indexes (September).

yellen memecomment section below data
Last Weeks recap

Mortgage applications   
w/w purchase +11%
YoY purchase +7%
w/w refinance +9%

M1
-0.4% w/w
+1.5% m/m
+5.7% YoY Real M1

Initial jobless claims
284,000 -14,000

Railroad transport
Carloads -1.9% YoY
loads ex-coal -6.0% YoY
Intermodal units +3.6% YoY
Total loads +0.8% YoY

 

Oil prices and usage
Oil +$2.27 to $49.83 w/w
Gas prices unchanged at $2.68 w/w   
Usage 4 wk avg +0.2% YoY

M2
-0.1% w/w
+0.4% m/m
+3.3% YoY Real M2

0.290 TED spread unchanged w/w
1.1234 LIBOR -0.0001 w/w

Shipping transport
Harpex +6 to 516
Baltic Dry +65 to 1361

NYSE ^TRIN
1.07

 


Week
Dow Jones 2.2%
Nasdaq 1.4%
S&P 500 1.6%
Russell 2000 2.3%     
YTD
Dow Jones 12.7%
Nasdaq 19.8%
S&P 500 11.7%
Russell 2000 5.5%

Baltic Dry Index
bdi sep 16 2017.JPG

P/Es & Yields on Major U.S. Indexes
pe yields sep 16 2017


Earnings report this week – here is a ticker list of notables
MegaCaps:
LargeCaps: BTI LFC ADBE FDX BSBR GIS AZO LBRDK KMX CEA LEN ZNH
MidCaps: SHI CPL CPRT JBL GSH CCU SID ALR AKRX BBBY CIG FUL NEOG CMC MLHR

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