Posts filed under “Markets”

Succinct Summations of Weeks Events 11.21.14

Succinct Summations week ending November 21st:

Positives:

1. The Philly fed came in at 40.8, vs expectations of 20.7. This was the best reading since 1993!
2. The S&P 500 and Dow Jones both made new all-time highs, the third consecutive week both did so.
3. Headline CPI was flat m/o/m and is up 1.7% y/o/y. Core CPI rose 0.2% m/o/m and is up 1.8% y/o/y.
4. The BOJ called off next year’s tax hike after seeing lousy GDP numbers, stocks liked it.
5. Existing home sales came in at 5.26mm, better than expected and up from 5.18mm in September.
6. The purchase component of mortgage applications rose 11.7% w/o/w, the biggest rise since July.
7. China cut rates and Draghi spoke with an accommodative tone; it’s the same global story, stocks went higher.
8. The highest percentage of S&P 500 companies are beating EPS since 2010.
9. Energy prices fell 1.6% y/o/y/.
10. The NAHB home builder sentiment index rose to 58 versus 55 expected and up from 54 last month.

Negatives:

1. Japan officially enters a recession with GDP coming in at -1.6% vs expectations of 2.1%.
2. China’s HSBC manufacturing index fell to 50, a six-month low.
3. The Markit U.S. manufacturing PMI fell to a ten-month low at 54.7.
4. NY manufacturing index came in at 10.2, below the 12 expected.
5. U.S. industrial production fell 0.1% vs an expected rise of 0.2%.
6. Initial jobless claims came in at 291k, 7k more than expected.

Category: Markets

Winner Take All in Asset Management

As a follow up to this morning’s article on global AUM, have a gander at this interesting league table from BGC:   Source: Boston Consulting Group    

Category: Markets

Stocks Headed Higher

Stocks Headed Higher David R. Kotok November 17, 2014     We open this commentary with a link to the October 31 policy statement of the Government Pension Investment Fund of Japan. Any serious investor who has not read it is invited to go to this link right now. Simply put, one of the G4…Read More

Category: Investing, Markets, Think Tank

What if . . . ?

Source: The Telegraph

Category: Markets

Succinct Summations of Week Events 11.14.14

Succinct Summations week ending November 14th Positives: 1. The average price of gasoline is down thirty cents y/o/y and is at the lowest levels in 4 years. 2. Retail sales rose 0.3% after falling 0.3% in September. Ex-gas and autos, sales were up 0.6%. 3. People are quitting their jobs at the fastest rate since…Read More

Category: Markets

The World’s Wealth in 2014

click for full graphic
Screen Shot 2014-11-13 at 3.34.23 PM

more after the jump

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Category: Digital Media, Markets, Wages & Income

Today in 1929: Dow hits YTD low at 198.69

Today in 1929:

The stock market hits its low for the year as the Dow slumps to 198.69, off from its yearly high of 311.90 on September 3. The carnage in individual stocks is far worse: AT&T closes at $197.25, down from $304 on September 3; General Electric ends the day at $168.13, versus $396.25; Westinghouse closes at $102.63, a loss of $187.25 per share since September 3.

Source: This Day in Financial History

 

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Category: Markets

Sell Side Consensus Indicator

Source: Bank of America, Merrill Lynch

Category: Markets

Succinct Summations of Week’s Events for 11.7.14

Succinct Summations week ending November 7th Positives: 1. S&P 500 and Dow Jones both made new all-time closing highs. 2. ADP employment report showed +230k private sector jobs in October, up from 225k in September; 3. Nonfarm payrolls show at least 200k jobs have been added for the last nine months. 4. Unemployment rate fell…Read More

Category: Markets

Investors Always Seem to Miss Stock Market Rallies

Source: Business Insider     UPDATE: We’ve shown the opposite over the years as well — here is what happens if you manage to miss the worst days. • Missing Best & Worst Days in Markets – April 28th, 2011 • Missing Best & Worst Days of S&P500 – September 14th, 2010 The fascinating wrinkle about…Read More

Category: Cycles, Investing, Markets