Saturday Night Quarterback says, For the week ahead expect…
The is a week with plenty of potential economic trends–although none is so strong that geopolitics couldn’t seize control of the world’s financial markets
Markets decide that economic data today show a glass half full
The U.S. stock market decided that today’s economic reports showed a glass half full. Interpretations pointing in the other direction, however, were easy enough to make so the end result wasn’t so much a wave of optimism lifting markets strongly higher as a sigh of relief. For the day the Standard & Poor’s 500 stock index was up 0.17%
Almost nothing but good news for the economy in this morning’s report on housing starts
Neither an interest rate increase from the Federal Reserve nor new limits on the deductibility of mortgage interest deterred home builders in November. Residential construction starts rose 3.3% to a 1.3 million annualized rate, above the 1.26 million (revised downward) rate in October.
Saturday Night Quarterback says (on a Sunday), For the week ahead expect…
Reports on home sales this week will get more attention than usual given the cuts to the mortgage deduction in the tax bill that moved out of the Senate/House conference committee last week. Worries about the pace of home sales manage to combine uncertainty about the effects of the Republican tax plan and the impact of higher interest rates from the Federal Reserve. Investors are watching the housing numbers as an early indicator of any weakness in the general economy.
Notes You Need for October 18: Brexit, Australia ditches clean energy, NAFTA and peso, PC sales growth, housing starts, electric Cummins
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don’t justify a full post. I’ve decided to start compiling these notes here each day in a kind of running mini blog that I’m calling Notes You Need. I launched this new feature on JubakAM.com on December 1. It runs only on JAM and won’t appear anywhere else. The blog includes items such as this from today: “11:20 a.m.: NAFTA worries take a bite out of Mexican peso with the currency down 7% against the dollar in the last month. At 19 pesos to the dollar, the currency is still above the 21 pesos to the dollar level it sunk to at the beginning of the year. Still this isn’t goo background as the country heads into a presidential election scheduled for July 1, 2018.”
Notes You Need for June 16: Currency trading, housing starts, rig count, Apple TV
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Notes You Need for April 18: Macao gaming revenue, Mortgage applications, Housing starts, Gold, Copper, Treasuries, IBM
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Notes You Need for March 16: French stocks, German stocks, Bank of Japan, housing starts, initial claims, ORCL, NVDA, gold, oil, natural gas
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
Currency traders long U.S. dollars figure there’s another 2% to 3% free money in this trade before the end of the year
Yesterday the dollar rose another 1.2% against the euro to $1.0415, the highest since January 2003. And the US. currency climbed by another 1.4% against the yen. The Dollar Index added to its gain to hit a 15-year high.
Today the dollar has backed off a bit. Not surprising after the huge two-day run after Wednesday’s Federal Reserve meeting. But this does all raise the question of how much more there is left in the run.
It’s dollar on today so the euro and oil are down but European stocks are up
Today the trade is “dollar on” after encouraging economic news from the U.S. housing sector and a drop in the euro after a very strangely timed speech by a member of the European Central Bank
U.S. market goes nowhere as economic trend remains wishy-washy
Earnings from General Electric this morning illustrate the problem that this kind of decent but not great growth poses for a U.S. market trading near all time highs. General Electric reported a 16% increase in adjusted earnings from continuing operations for the fourth quarter of 2013 over the fourth quarter of 2012. The 53 cents a share the company reported matched Wall Street analyst projections. But the stock fell 2.57%
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