• Mixed Market Large Cap Stocks Fall and Small Cap Stocks Rally



    DOW 17,959.03  -117.16 points or  -0.65%
    S&P 500  2,089.27  -10.23 points  -0.49%

    NASDAQ  4,992.38  +9.55 points or  +0.19%

    Russell 2000  1,254.86  +2.72 points or  +0.22%

       

    The S&P and the Dow opened lower, and closed down near the lows of the day. The smaller cap NASDAQ and Russell indexes opened higher, and rallied closing up on the day. The volatility index, the VIX, faded the large cap Stock Market sell off, moving only slightly higher up 0.22 percent to close at 14.07. The 10 Year Treasury bond yield closed around the 1.98 percent level. Trading volume saw about 6.6 billion shares changing hands across all trading venues, according to BATS exchange data. 

     

    All released and proposed to be released economic reports for the week are listed below.


    March 16

    8:30 AM Empire Manufacturing report for March was 6.9. The Market was expecting 8.8. The prior reported figure was 7.8. 

    9:15 AM Industrial Production report for February was 0.1 percent. The Market was expecting 0.3 percent. The prior reported figure was revised from 0.2 percent to down -0.3 percent. 

    9:15 AM Capacity Utilization report from February was 78.9 percent. The Market was expecting 79.5 percent. The prior reported figure was revised from 79.4 percent to 79.1 percent. 

    10:00 AM NAHB Housing Market Index report for March was 53. The Market was expecting 56. The prior reported figure was 55. 

    4:00 PM Net Long-Term TIC Flows report for January was -$27.2B. The prior reported figure was revised from $35.4B to $39.2B.


    March 17

    8:30 AM Building permits report for February was 1092K. The Market was expecting 1070K. The prior reported figure was revised from 1053K to 1060K. 

    8:30 AM Housing Starts report for February was 897K.The Market was expecting 1041K. The prior reported figure was revised from 1065K to 1081K. 


    March 18

    7:00 AM MBA Mortgage Index report for March 14 was down -3.9 percent. The prior reported figure was down -1.3 percent. 

    10:30 AM Crude Inventories report for March 14

    2:00 PM FOMC Rate Decision report for March was 0.25 percent. That was exactly in line with Market expectations. The prior Rate Decision was also 0.25 percent. 


    March 19

    8:30 AM Continuing Claims report for March 7

    8:30 AM Initial Claims report for March 14 was 291K. The Market was expecting 293K. The prior reorted figure was revised from 289K to 290K. 

    8:30 AM Continuing Claims report for March 7 was 2417K. The Market was expecting 2415K. The prior reported figure was revised from 2418K to 2428K.

    8:30 AM Current Account Balance report for Quarter 4 was -$113.5B. The Market was expecting -$105.0B. The prior reported figure was revised from -$100.3B to -$98.9B. 

    10:00 AM Philadelphia Fed report for March was 5.0. The Market was expecting 6.9. The prior reported figure was 5.2.

    10:00 AM Leading Indicators report for February was 0.2 percent. That was exactly in line with the Market expectations. The prior reported figure was also 0.2 percent.

    10:30 AM Natural Gas Inventories report for March 14 was -45 bcf. The prior reported figure was -198 bcf.

  • Market Pulls Back Before Fed Statement



    DOW 17,849.08  -128.34 points or  -0.71%
    S&P 500  2,074.28  -6.91 points  -0.33%

    NASDAQ  4,937.43  +7.93 points or  +0.16%

    Russell 2000  1,242.23  +2.45 points or  +0.20%

     

    The Stock Market pulled back before the Federal Reserves Policy statement tomorrow.  

    The Market opened lower, and remained lower throughout the day closing down yet off the session low. 

    Crude Oil continued to march to the inevitable $35 per barrel level, closing down below $43 per barrel today. 

    The volatility index, the VIX, faded the Stock Market selloff, moving only slightly higher up 0.32 percent to close at 15.66. The 10 Year Treasury bond yield dropped slightly, down to the 2.06 percent level. Trading volume saw about 6.2 billion shares changing hands across all trading venues, according to BATS exchange data. 

     

    All released and proposed to be released economic reports for the week are listed below.


    March 16

    8:30 AM Empire Manufacturing report for March was 6.9. The Market was expecting 8.8. The prior reported figure was 7.8. 

    9:15 AM Industrial Production report for February was 0.1 percent. The Market was expecting 0.3 percent. The prior reported figure was revised from 0.2 percent to down -0.3 percent. 

    9:15 AM Capacity Utilization report from February was 78.9 percent. The Market was expecting 79.5 percent. The prior reported figure was revised from 79.4 percent to 79.1 percent. 

    10:00 AM NAHB Housing Market Index report for March was 53. The Market was expecting 56. The prior reported figure was 55. 

    4:00 PM Net Long-Term TIC Flows report for January was -$27.2B. The prior reported figure was revised from $35.4B to $39.2B.


    March 17

    8:30 AM Building permits report for February was 1092K. The Market was expecting 1070K. The prior reported figure was revised from 1053K to 1060K. 

    8:30 AM Housing Starts report for February was 897K.The Market was expecting 1041K. The prior reported figure was revised from 1065K to 1081K. 


    March 18

    7:00 AM MBA Mortgage Index report for March 14

    10:30 AM Crude Inventories report for March 14

    2:00 PM FOMC Rate Decision report for March


    March 19

    8:30 AM Continuing Claims report for March 7

    8:30 AM Initial Claims report for March 14

    8:30 AM Continuing Claims report for March 7

    8:30 AM Current Account Balance report for Quarter 4

    10:00 AM Philadelphia Fed report for March

    10:00 AM Leading Indicators report for February

    10:30 AM Natural Gas Inventories report for March 14

  • Stock Market Begins the Week With a Strong Rally



    DOW 17,977.42  +228.11 points or  +1.29%
    S&P 500  2,081.19  +27.79 points  +1.35%

    NASDAQ  4,929.51  +57.75 points or  +1.19%

    Russell 2000  1,239.78  +7.64 points or  +0.62%

     

    The Stock Market  began the week with a broad strong rally.  The Market opened higher, and slowly crept upward for the entire day, closing near the days high. Crude Oil made a strong move away from the $50 per barrel level, dropping again, closing down near the $44 per barrel level. $35 per barrel appears to be the next target level for Crude Oil.  The volatility index, the VIX, dissed last weeks sell off and today, the index sold off, dropping -2.44 percent to close down at 15.61. The 10 Year Treasury bond yield dipped slightly, down to the 2.10 percent level. Trading volume saw about 6.3 billion shares changing hands across all trading venues, according to BATS exchange data. 

     

    All released and proposed to be released economic reports for the week are listed below.


    March 16

    8:30 AM Empire Manufacturing report for March was 6.9. The Market was expecting 8.8. The prior reported figure was 7.8. 

    9:15 AM Industrial Production report for February was 0.1 percent. The Market was expecting 0.3 percent. The prior reported figure was revised from 0.2 percent to down -0.3 percent. 

    9:15 AM Capacity Utilization report from February was 78.9 percent. The Market was expecting 79.5 percent. The prior reported figure was revised from 79.4 percent to 79.1 percent. 

    10:00 AM NAHB Housing Market Index report for March was 53. The Market was expecting 56. The prior reported figure was 55. 

    4:00 PM Net Long-Term TIC Flows report for January was -$27.2B. The prior reported figure was revised from $35.4B to $39.2B.


    March 17

    8:30 AM Building permits report for February

    8:30 AM Housing Starts report for February

    8:30 AM Building Permits report for February 


    March 18

    7:00 AM MBA Mortgage Index report for March 14

    10:30 AM Crude Inventories report for March 14

    2:00 PM FOMC Rate Decision report for March


    March 19

    8:30 AM Continuing Claims report for March 7

    8:30 AM Initial Claims report for March 14

    8:30 AM Continuing Claims report for March 7

    8:30 AM Current Account Balance report for Quarter 4

    10:00 AM Philadelphia Fed report for March

    10:00 AM Leading Indicators report for February

    10:30 AM Natural Gas Inventories report for March 14






































  • Stock Market Finished Last Week on a Down Session




    DOW 17,749.31  -145.91 points or  -0.82%
    S&P 500  2,053.40  -12.55 points  -0.61%

    NASDAQ  4,871.76  -21.53 points or  -0.44%

    Russell 2000  1,232.14  -4.50 points or  -0.36%

     

    The Stock Market finished the week with another down trading session, continuing to act like a yo yo, up, down. The Market opened lower, bottomed out around 12 noon ET, and closed lower, yet well off the session low.  Crude Oil is making its move away from the $50 per barrel level on the down side, closing down near the $47 per barrel level. There is talk that $35 per barrel is the next target level. The volatility index, the VIX, does not appear to be buying this selloff as anything severe, moving up +3.76 percent to close at 16.00. The 10 Year Treasury bond yield was little changed, closing around the 2.11 percent level. Trading volume saw about 6.8 billion shares changing hands across all trading venues, according to BATS exchange data. 

     

    All released and proposed to be released economic reports for the week are listed below.


    March 10

    10:00 AM JOLTS-Job Openings report for January was 4.998M. The prior reported figure was revised from 5.028M to 4.877M. 

    10:00 AM Wholesale Inventories report for January was 0.3 percent. The Market was expecting -0.1 percent. The prior reported figure was revised from 0.1 percent to flat.


    March 11

    7:00 AM MBA Mortgage Index report for March 7 was down -1.3 percent. The prior reported figure was up 0.1 percent. 

    10:30 AM Crude Inventories report for March 7 was 4.512M. The prior reported figure was 10.303M. 

    2:00 PM Treasury Budget report for February 


    March 12

    8:30 AM Initial Claims report for March 7 was 289k. The Market was expecting 306k. The prior reported figure was revised from 320k to 325k.

    8:30 AM Continuing Claims report for February 28 was 2418k. The Market was expecting 2421k. the prior reported figure was revised from 2421k to 2423k.

    8:30 AM Retail Sales report for February was down -0.6 percent. The Market was expecting 0.4 percent. The prior reported figure was down -0.8 percent. 

    8:30 AM Retail Sales ex-auto report for February was down -0.1 percent. The Market was expecting 0.6 percent. The prior reported figure was revised from down -0.9 percent to down -1.1 percent. 

    8:30 AM Export Prices ex-ag report for February was 0.2 percent. The prior reported figure was revised from down -1.0 percent to down -2.0 percent. 

    8:30 AM Import Prices ex-oil report for February was down -0.3 percent. The prior reported figure was revised from down -0.7 percent to down -0.6 percent. 

    10:00 AM Business Inventories report for January was flat. The Market was expecting 0.1 percent. The prior reported figure was revised from 0.1 percent to flat. 

    10:30 AM Natural Gas Inventories report for March 7 was -198 bcf. The prior reporteed figure was -228 bcf. 


    March 13

    8:30 AM PPI report for February was down -0.5 percent. The Market was expecting 0.3 percent. The prior reporteed figure was down -0.8 percent. 

    8:30 AM Core PPI report for February was down -0.5 percent. The Market was expecting 0.1 percent. The prior reported figure was down -0.1 percent. 

    10:00 AM Michigan Sentiment report for March was 91.2. The Market was expecting 95.8. The prior reported figure was 95.4.