Posts filed under “Markets”

Succinct Summation of Week’s Events 12.5.14

Succinct Summations week ending December 5th

Positives:

1. NFP came in at 321k far above 230k expectations. This was the strongest month since January 2012 and the best year of job creation since 1999.
2. S&P 500 and Dow Jones made new all-time highs for the fifth straight week.
3. Crude oil fell to the lowest prices since July 2009, a benefit to consumers.
4. Unemployment came in at 5.8%, the best level since before Lehman collapsed.
5. 17.2 million cars sold SAAR in November, the strongest readings since 2003.
6. October U.S. construction spending rose 1.1% m/o/m.
7. U.S. ISM services index rose to 59.3, above 57.5 expected.
8. U.S. ISM manufacturing came in at 58.7, just higher than expected.

Negatives:

1. Spread between short and long bonds shrank to its tightest levels since 2009.
2. ADP Employment report came in at 208k vs 222k expected
3. U.S. initial jobless claims came in at 297k vs 295k expected.
4. Refinance applications fell more than 13% w/o/w.
5. Markit’s U.S. PMI manufacturing fell to 56.2, a seven month low.
6. French unemployment rose to 10.4%, the highest reading since 1998.

 

Thanks, Mike!

 

 

Category: Markets

Weak Eurozone

Source: Deutsche Bank Research, The House View, 25 November 2014

Category: Economy, Markets, Politics, Taxes and Policy

Oil-Part 1

Oil-Part 1 David R. Kotok December 1, 2014       Every so often we get a shock from the oil patch. Sometimes the price spikes (1973-4 saw a quadrupling) and sometimes plummets (a drop from $115 to under $70 in this year of 2014). This downward price shock is large enough to force change….Read More

Category: Markets

Muni Mania: A Timeline

Source: Bloomberg Briefs

Category: Credit, Fixed Income/Interest Rates, Markets, Really, really bad calls

Gasoline (Inflation-Adjusted) Since 1980

Source: Chart of the Day From Chart of the Day: As a result of an overall sluggish global economy plus increased global supply, the price of crude oil continues to trend lower. Over the past seven months, the cost of one gallon of gasoline has declined a significant $0.88 (i.e. 24%). Today’s chart provides some…Read More

Category: Cycles, Energy, Markets, Politics

Succinct Summation of Week’s Events 11.28.14

Succinct Summations week ending November 28th Positives: 1. Stocks keep chugging: Dow made a new all-time high for 5th straight week, S&P 500 for the 4th straight week. 2. Durable goods orders rose 0.4% m/o/m, vs expectations of a 0.6% decline. 3. Q3 GDP came in at 3.9%, better than the 3.3% expected. 4. Crude…Read More

Category: Markets

Insights From The Most Successful Investors In History

  “If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.” -George Soros Source: Winning Investment Habits Of Warren Buffet And George Soros “Smart investing doesn’t consist of buying good assets, but of buying assets well. This is a very, very important distinction that very, very few…Read More

Category: Markets

Economics Indicators Dashboard

Here’s the monthly update from Russell:   click for interactive graphic Source: Russell Investments

Category: Consumer Spending, Data Analysis, Economy, Employment, Fixed Income/Interest Rates, Inflation, Markets

“The Karl Marx Credit Card – When You’re Short of Kapital”

Tis the season, presented without comment: Source: Climateer Investing   See also Suggested Taglines for the Karl Marx Credit Card : • There are Some Things Money Can’t Buy. Especially If You Abolish All Private Property. • From each according to their ability, to each according to his need. For everything else, there’s #Marxcard. •…Read More

Category: Markets

Fed Policy and Stock Outlook

Fascinating stuff here: The Easy Money’s Been Made: Fed Policy and Stock Outlook Source: Bloomberg Chart of the Day

Category: Federal Reserve, Fixed Income/Interest Rates, Markets