• Stock Market Screamed Higher Across the Board


    DOW 17,356.87  +288.00 points or  +1.69%
    S&P 500  2,012.89  +40.15 points  +2.04%

    NASDAQ 4,644.31  +96.48 points or  +2.12%

    Russell 2000  1,174.83  +35.45 points or  +3.11%

     

    The Market screamed higher across the board. The Market jumped up in the morning, and steadily rallied higher throughout the trading session and closed up near the highs of the day. The small cap Russel 2000 index led the Market higher jumping up over 3 percent higher on the day.

    Both McDonald's and Exxon Mobil rallied up over 3 percent each on the day.  Crude Oil went on another wild ride today, trading below $56 per barrel in the morning and then up trading up just under $60 per barrel mid day and then closed basically unchanged just under $58 per barrel. The Stock Market volatility dropped as the Stock Market rallied, losing over 17.5 percent to close down at 19.44. The 10 Year Treasury bond yield popped, closing up at 2.15 percent. Trading volume saw about 9.5 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.


    December 15

    8:30 am Empire Manufacturing report for December was down -3.6. The Market was expecting 14.0. The prior reported figure was 10.2.

    9:15 am Industrial Production report for November was 1.3 percent. The Market was expecting 0.7 percent. The prior reported figure was revised from down -0.1 percent to up 0.1 percent.

    9:15 am Capacity Utilization report for November was 80.1 percent. The Market was expecting 79.3 percent. The prior reported figure was revised from 78.9 percent to 79.3 percent.

    10:00 am NAHB Housing Market Index report for December was 57. The Market was expecting 58. The prior reported figure was also 58.

    4:00 pm Net Long-Term TIC Flows report from October 


    December 16 

    8:30 am Housing Starts report for November was 1,028,000. The Market was expecting 1,035,000. The prior reported figure was revised from 1,009,000 to 1,045,000.

    8:30 am Building Permits report for November was 1,035,000. The Market was expecting 1,060,000. The prior reported figure was revised from 1,080,000 to 1,092,000. 


    December 17

    7:00 am MBA Mortgage Index report for December 13 was down -3.3 percent. The prior reported figure was 7.3 percent.

    8:30 am CPI report for November was down -0.3 percent. The Market was expectiing -0.1 percent. The prior reported figure was flat. 

    8:30 am Core CPI report for November was up 0.1 percent. That was exactly in line with expectations. The prior reported figure was up 0.2 percent.

    8:30 am Current Account Balance for 3rd Quarter was down -$100.3B. The Market was expecting down -$95.0B. The prior reported figure was revised from down -$98.5B to down -$95.4B.

    10:30 am Crude Inventories report for December 13 was down -0.847M. The prior reported figure was 1.454M.

    2:00 pm FOMC Rate Decision for December was left unchanged at 0.25 percent.


    December 18

    8:30 am Initial Claims report for December 13

    8:30 am Continuing Claims report for December 6

    10:00 am Philadelphia Fed report for December

    10:00 am Leading Indicators report for November

    10:30 am Natural Gas Inventories report for December 13


  • Roller Coaster Market Closes Lower

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    DOW 17,068.87  -111.97 points or  -0.65%
    S&P 500  1,972.74  -16.89 points  -0.85%

    NASDAQ 4,547.83  -57.32 points or  -1.24%

    Russell 2000  1,139.37  -0.92 points or  -0.08%

     

    The Market went on a wild roller coaster ride today closing down near the lows of the day. The Market opened down, rallied back up into positive territory and ran up over 200 Dow points at the high around 12 noon ET, then sold off off giving back the all gains and jumping back into negative territory to close down near the lows of the trading session. Crude Oil appears to be the catalyst for the Stock Market volatility. Crude Oil traded down below $54 per barrel, then ran up into positive territory around noon ET, and closed near the $56 per barrel level.  The Stock Market volatility obviously jumped higher today on the Stock Markets wild moves. The VIX ran 15 percent higher to close up at 23.57.  The 10 Year Treasury bond yield dropped, closing up at 2.07 percent. Trading volume saw about 9.3 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.


    December 15

    8:30 am Empire Manufacturing report for December was down -3.6. The Market was expecting 14.0. The prior reported figure was 10.2.

    9:15 am Industrial Production report for November was 1.3 percent. The Market was expecting 0.7 percent. The prior reported figure was revised from down -0.1 percent to up 0.1 percent.

    9:15 am Capacity Utilization report for November was 80.1 percent. The Market was expecting 79.3 percent. The prior reported figure was revised from 78.9 percent to 79.3 percent.

    10:00 am NAHB Housing Market Index report for December was 57. The Market was expecting 58. The prior reported figure was also 58.

    4:00 pm Net Long-Term TIC Flows report from October 


    December 16 

    8:30 am Housing Starts report for November was 1,028,000. The Market was expecting 1,035,000. The prior reported figure was revised from 1,009,000 to 1,045,000.

    8:30 am Building Permits report for November was 1,035,000. The Market was expecting 1,060,000. The prior reported figure was revised from 1,080,000 to 1,092,000. 


    December 17

    7:00 am MBA Mortgage Index report for December 13 

    8:30 am CPI report for November 

    8:30 am Core CPI report for November 

    8:30 am Current Account Balance for 3rd Quarter

    10:30 am Crude Inventories report for December 13

    2:00 pm FOMC Rate Decision for December 


    December 18

    8:30 am Initial Claims report for December 13

    8:30 am Continuing Claims report for December 6

    10:00 am Philadelphia Fed report for December

    10:00 am Leading Indicators report for November

    10:30 am Natural Gas Inventories report for December 13


  • Stock Market Falls Again as Crude Plunges to 5 1/2 Year Low


    DOW 17,180.84  -99.99 points or  -0.58%
    S&P 500  1,989.63  -12.70 points  -0.63%

    NASDAQ 4,605.16  -48.44 points or  -1.04%

    Russell 2000  1,140.30  -12.15 points or  -1.05%

     

    The Market continued to trade lower after Fridays plunge. Crude oil also dropped again, falling down to a five and a half year low. The Stock Market opened much higher, then proceeded to drop over 1 percent on the Dow, closing off the days lows. The Stock Markets drop appeared to follow Crude oils plunge this morning. The January Crude Oil contract dropped -4.46 percent to close down below the $56 per barrel level at at $55.23. Many traders, analysts had been looking for a bounce today in both oil and stocks. The Stock Market volatility enjoyed a wild ride as the VIX opened lower, ad then rallied as the Stock Market lost the morning gains, and then settled back lower as the Markets up and down action settled in the afternoon session. The VIX closed down -3.13 percent to close down at 20.42.  The 10 Year Treasury bond yield moved up slightly, closing up at 2.12 percent. Trading volume saw about 8.4 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.


    December 15

    8:30 am Empire Manufacturing report for December was down -3.6. The Market was expecting 14.0. The prior reported figure was 10.2.

    9:15 am Industrial Production report for November was 1.3 percent. The Market was expecting 0.7 percent. The prior reported figure was revised from down -0.1 percent to up 0.1 percent.

    9:15 am Capacity Utilization report for November was 80.1 percent. The Market was expecting 79.3 percent. The prior reported figure was revised from 78.9 percent to 79.3 percent.

    10:00 am NAHB Housing Market Index report for December was 57. The Market was expecting 58. The prior reported figure was also 58.

    4:00 pm Net Long-Term TIC Flows report from October 


    December 16 

    8:30 am Housing Starts report for November 

    8:30 am Building Permits report for November 


    December 17

    7:00 am MBA Mortgage Index report for December 13 

    8:30 am CPI report for November 

    8:30 am Core CPI report for November 

    8:30 am Current Account Balance for 3rd Quarter

    10:30 am Crude Inventories report for December 13

    2:00 pm FOMC Rate Decision for December 


    December 18

    8:30 am Initial Claims report for December 13

    8:30 am Continuing Claims report for December 6

    10:00 am Philadelphia Fed report for December

    10:00 am Leading Indicators report for November

    10:30 am Natural Gas Inventories report for December 13










  • Market Plunges Friday Capping Worst Week Since Sept 2011 on Lower Crude Oil


    DOW 17,280.83  -315.51 points or  -1.79%
    S&P 500  2,002.33  -33.0 points  -1.62%

    NASDAQ 4,653.60  -54.57 points or  -1.16%

    Russell 2000  1,152.45  -14.51 points or  -1.24%

     

    The Market plunged again Friday on sliding Crude Oil prices. The Market opened lower and steadily eroded all day closing down big on the day. For the week, the Dow lost 678 points or -3.8 percent, the worst week since September 2011. The continued drop in oil prices continues to weigh heavily on the Stock Market. The International Energy Agency lowered their global demand forecast for oil in 2015.  Crude Oil closed down below $58 per barrel to push Crude Oil prices down over 40 percent from the highs. The VIX moved higher again, moving up another 5 percent to close up over 21.  The 10 Year Treasury bond yield melted again, closing down at 2.10 percent. 

     

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


    December 9
    10:00 am Wholesale Inventories report for October was 0.4 percent. The Market was expecting 0.2 percent. The prior reported figure was revised from 0.3 percent to 0.4 percent. 
    10:00 am JOLTS-Job Openings report for October was 4.834M. The prior reported figure was revised from 4.735M to 4.685M.

    December 10
    7:00 am MBA Mortgage Index report for December 6 was up 7.3 percent. The prior reported figure was down 7.3 percent.
    10:30 am Crude Inventories report for December 6 was 1.454M. The prior reported figure was down -3.689M.
    2:00 pm Treasury Budget report for November was $56.8B. The Market was expecting -$59.0B. The prior reported figure was $135.2B. 

    December 11
    8:30 am Initial Claims report for December 6 was 294,000. The Market waas expecting 295,000. The prior reported figure was 297,000. 
    8:30 am Continuing Claims report for November 29 was 2,514,000. The Market was expecting 2,350,000. The prior reported figure was revised from 2,362,000 to 2,372,000.
    8:30 am Retail Sales report for November was up 0.7 percent. The Market was expecting 0.4 percent. The prior reported figure was revised from 0.3 percent to 0.5 percent.
    8:30 am Retail Sales ex-auto report for November was up 0.5 percent. The Market was expecting 0.2 percent. The prior reported figure was revised from 0.3 percent to 0.4 percent.
    8:30 am Export Sales ex-ag report for November was down -1.2 percent. The prior reported figure was down -0.8 percent. 
    8:30 am Import Prices ex-oil report for November was down -0.2 percent. The prior reported figure was also down -0.2 percent.
    8:30 am Business Inventories report for October was up 0.2 percent. That was exactly in line with Market expectations. 
    10:30 am Natural Gas Inventories report for December 6 was -51bcf. The prior reported figure was -22bcf.

    December 12
    8:30 am PPI report for November was down -0.2 percent. The Market was expecting down -0.1 percent. The prior reported figure was 0.2 percent. 
    8:30 am Core PPI report for November was flat. The Market was expecting 0.1 percent. The prior reported figure was 0.4 percent. 
    9:55 am Michigan Sentiment report for December was 93.8. The Market was expecting 89.5. The prior reported figure was 88.8.