Archive for 2015

  • Stock Markets 5 Day Losing Streak Ends Friday With a Big Rally

    DOW 17,511.57  +190.86 points or  +1.10%
    S&P 500  2.019.42  +26.75 points  +1.34%

    NASDAQ  4,634.38  +63.56 points or  +1.39%

    Russell 2000  1,176.65  +21.95 points or  +1.90%

     

    The Stock Market ended a 5 day losing streak Friday with a big rally. The rally was broad led by the small cap sector. The Market opened higher, pulled back early in the session to the unchanged level, and then rallied for the remainder of the Friday trading session, to close near the highs of the day. February Crude Oil futures also jumped higher rallying up to the $48.48 per barrel level. The volatility index, the VIX,  slipped as the stock market rallied, losing 6.43 percent to close down at 20.95. The 10 Year Treasury bond yield bucked the down trend, moving up to around 1.82 percent. Trading volume saw about 7.7 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.


    January 13
    10:00 am JOLTS- Job Openings report for November was 4.972M. The prior reported figure was revised from 4.834M to 4.830M. 
    2:00 pm Treasury Budget report for December was $1.9B. The Market was expecting $3.0B. The prior reported figure was +$53.2B.

    January 14
    7:00 am MBA Mortgage Index report for January 10 was 49.1 percent. The prior reported figure was 11.1 percent. 
    8:30 am Retail Sales report for December was down -0.9 percent. The Market was expecting 0.1 percent. The prior reported figure was revised from 0.7 percent to 0.4 percent. 
    8:30 am Retail Sales ex-auto report for December was down -1.0 percent. The Market was expecting 0.1 percent. The prior reported figure was revised from 0.5 percent to 0.1 percent. 
    8:30 am Export Prices ex-agriculture report for December was down -1.2 percent. The prior reported figure was revised from down -1.2 percent to down -1.0 percent.
    8:30 am Import Prices ex-oil report for December was down -0.1 percent. The prior reported figure was down -0.2 percent to down -0.3 percent.
    10:00 am Business Inventories report for November was up 0.2 percent. The Market was expecting 0.3 percent. The prior reported figure was 0.2 percent. 
    10:30 am Crude Inventories report for January 10 was 5.389M. The prior reported figure was -3.062M.
    2:00 pm Feds Beige Book report for January stated the economies growth has been modest to moderate and that the board was generally optimistic about the economy in 2015. The Fed also expressed concern over consumer spending as well as the slump in crude oil prices. 

    January 15
    8:30 am Initial Claims report for January 10 was 316,000. The Market was expecting 290,000. The prior reported figure was revised from 294,000 to 297,000. 
    8:30 am Continuing Claims report for January 3 was 2424K. The Market was expecting 2400K. The prior reported figure was revised from 2452K to 2475K. 
    8:30 am PPI report for December was down -0.3 percent. The Market was expecting -0.4 percent. The prior reported figure was down -0.2 percent. 
    8:30 am Core PPI report for December was up 0.3 percent. The Market was expecting up 0.1 percent. The prior reported figure was flat.
    8:30 am Empire Manufacturing report for January was 9.9. The Market was expecting 6.5. The prior reported figure was revised down -3.6 to down -1.2.
    10:00 am Philadelphia Fed report for January was 6.3. The Market was expecting 19.0. The prior reported figure was revised from 24.5 to 24.3.
    10:30 am Natural Gas Inventories report for January 10 was down -236bcf. The prior reported figure was down -131bcf. 

    January 16
    8:30 am CPI report for December was down -0.4 percent. That was exactly in line with expectations. The prior reported figure was down -0.3 percent.
    8:30 am Core CPI report for December was flat. The Market was expecting 0.1 percent. The prior reported figure was also down 0.1 percent.
    9:15 am Industrial Production report for December was down -0.1 percent. That was exactly in line with Market expectations. The prior reported figure was down -1.3 percent. 
    9:15 am Capacity Utilization report for December was 79.7 percent. The Market was expecting 79.9 percent. The prior reported figure was revised from 80.1 percent to 80.0 percent.
    9:55 am Michigan Sentiment report for January was 98.2. The Market was expecting 94.1. The prior reported figure was 93.6.
    4:00 pm Net Long-Term TIC Flows report for November was $33.5B. The prior reported figure was down -$1.4B.
  • Stocks Down for 5th Consecutive Trading Day


    DOW 17,320.71  -106.38 points or  -0.61%
    S&P 500  1,992.67  -18.60 points  -0.92%

    NASDAQ  4,570.82  -68.50 points or  -1.48%

    Russell 2000  1,154.71  -22.35 points or  -1.90%

     

    The Stock Market closed down for the 5th consecutive trading session. It was another volatile day with the small cap equities getting smacked the hardest. The Market opened higher, sold off into negative territory, rallied back positive again, only to slide back down after 10:30 am and sell harder into the late afternoon closing near the lows of the day.  February Crude Oil futures went back to losing ground dropping 4.6 percent to close down at $46.25 per barrel. The volatility index, the VIX, ran up 4.24 percent to close up at 22.39. The 10 Year Treasury bond yield slid lower again, down to around 1.77 percent. Trading volume saw about 7.9 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.


    January 13
    10:00 am JOLTS- Job Openings report for November was 4.972M. The prior reported figure was revised from 4.834M to 4.830M. 
    2:00 pm Treasury Budget report for December was $1.9B. The Market was expecting $3.0B. The prior reported figure was +$53.2B.

    January 14
    7:00 am MBA Mortgage Index report for January 10 was 49.1 percent. The prior reported figure was 11.1 percent. 
    8:30 am Retail Sales report for December was down -0.9 percent. The Market was expecting 0.1 percent. The prior reported figure was revised from 0.7 percent to 0.4 percent. 
    8:30 am Retail Sales ex-auto report for December was down -1.0 percent. The Market was expecting 0.1 percent. The prior reported figure was revised from 0.5 percent to 0.1 percent. 
    8:30 am Export Prices ex-agriculture report for December was down -1.2 percent. The prior reported figure was revised from down -1.2 percent to down -1.0 percent.
    8:30 am Import Prices ex-oil report for December was down -0.1 percent. The prior reported figure was down -0.2 percent to down -0.3 percent.
    10:00 am Business Inventories report for November was up 0.2 percent. The Market was expecting 0.3 percent. The prior reported figure was 0.2 percent. 
    10:30 am Crude Inventories report for January 10 was 5.389M. The prior reported figure was -3.062M.
    2:00 pm Feds Beige Book report for January stated the economies growth has been modest to moderate and that the board was generally optimistic about the economy in 2015. The Fed also expressed concern over consumer spending as well as the slump in crude oil prices. 

    January 15
    8:30 am Initial Claims report for January 10 was 316,000. The Market was expecting 290,000. The prior reported figure was revised from 294,000 to 297,000. 
    8:30 am Continuing Claims report for January 3 was 2424K. The Market was expecting 2400K. The prior reported figure was revised from 2452K to 2475K. 
    8:30 am PPI report for December was down -0.3 percent. The Market was expecting -0.4 percent. The prior reported figure was down -0.2 percent. 
    8:30 am Core PPI report for December was up 0.3 percent. The Market was expecting up 0.1 percent. The prior reported figure was flat.
    8:30 am Empire Manufacturing report for January was 9.9. The Market was expecting 6.5. The prior reported figure was revised down -3.6 to down -1.2.
    10:00 am Philadelphia Fed report for January was 6.3. The Market was expecting 19.0. The prior reported figure was revised from 24.5 to 24.3.
    10:30 am Natural Gas Inventories report for January 10 was down -236bcf. The prior reported figure was down -131bcf. 

    January 16
    8:30 am CPU report for December
    8:30 am Core CPI report for December
    9:15 am Industrial Production report for December
    9:15 am Capacity Utilization report for December
    9:55 am Michigan Sentiment report for January
    4:00 pm Net Long-Term TIC Flows report for November
  • Stocks Drop 4th Consecutive Day; Crude Oil Rallies

    DOW 17,427.09  -186.59 points or  -1.06%
    S&P 500  2,011.27  -11.76 points  -0.58%

    NASDAQ  4,639.32  -22.18 points or  -0.48%

    Russell 2000  1,177.06  -3.58 points or  -0.30%

     

    Stocks dropped for the 4th consecutive trading session. The Market opened lower, hit the days low around 2pm ET, and closed down, yet off the lows of the day. The World Bank posted a drop in copper demand spooking many to believe the world economy may be slowing down.  February Crude Oil futures broke their losing ways and rallied up 5.43 percent to close up at $48.38 per barrel today, lifting oil related stocks. The volatility index, the VIX, moved up 4.47 percent to close at 21.48. The 10 Year Treasury bond yield melted down to around 1.84 percent. Trading volume saw about 8.1 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.


    January 13
    10:00 am JOLTS- Job Openings report for November was 4.972M. The prior reported figure was revised from 4.834M to 4.830M. 
    2:00 pm Treasury Budget report for December was $1.9B. The Market was expecting $3.0B. The prior reported figure was +$53.2B.

    January 14
    7:00 am MBA Mortgage Index report for January 10 was 49.1 percent. The prior reported figure was 11.1 percent. 
    8:30 am Retail Sales report for December was down -0.9 percent. The Market was expecting 0.1 percent. The prior reported figure was revised from 0.7 percent to 0.4 percent. 
    8:30 am Retail Sales ex-auto report for December was down -1.0 percent. The Market was expecting 0.1 percent. The prior reported figure was revised from 0.5 percent to 0.1 percent. 
    8:30 am Export Prices ex-agriculture report for December was down -1.2 percent. The prior reported figure was revised from down -1.2 percent to down -1.0 percent.
    8:30 am Import Prices ex-oil report for December was down -0.1 percent. The prior reported figure was down -0.2 percent to down -0.3 percent.
    10:00 am Business Inventories report for November was up 0.2 percent. The Market was expecting 0.3 percent. The prior reported figure was 0.2 percent. 
    10:30 am Crude Inventories report for January 10 was 5.389M. The prior reported figure was -3.062M.
    2:00 pm Feds Beige Book report for January stated the economies growth has been modest to moderate and that the board was generally optimistic about the economy in 2015. The Fed also expressed concern over consumer spending as well as the slump in crude oil prices. 

    January 15
    8:30 am Initial Claims report for January 10
    8:30 am Continuing Claims report for January 3
    8:30 am PPI report for December
    8:30 am Core PPI report for December
    8:30 am Empire Manufacturing report for January
    10:00 am Philadelphia Fed report for January
    10:30 am Natural Gas Inventories report for January 10

    January 16
    8:30 am CPU report for December
    8:30 am Core CPI report for December
    9:15 am Industrial Production report for December
    9:15 am Capacity Utilization report for December
    9:55 am Michigan Sentiment report for January
    4:00 pm Net Long-Term TIC Flows report for November
  • Stocks Continued Fridays Sell Off; Crude Oil Under $46/barrel



    DOW 17,640.84  -96.53 points or  -0.54%
    S&P 500  2,028.26  -16.55 points  -0.81%

    NASDAQ  4,664.71  -39.36 points or  -0.84%

    Russell 2000  1,180.09  -5.58 points or  -0.47%

     

    Stocks continued Fridays big sell off today. The Market opened lower and remained negative all day closing near the days lows.  February Crude Oil futures continued the commodities losing ground game dropping over 5 percent to close under $46 per barrel. The volatility index, the VIX, jumped back up 11.68 percent to close at 19.60. The 10 Year Treasury bond yield melted down to around 1.91 percent. 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.


    January 13
    10:00 am JOLTS- Job Openings report for November
    2:00 pm Treasury Budget report for December

    January 14
    7:00 am MBA Mortgage Index report for January 10
    8:30 am Retail Sales report for December
    8:30 am Retail Sales ex-auto report for December
    8:30 am Export Prices ex-agriculture report for December
    8:30 am Import Prices ex-oil report for December
    10:00 am Business Inventories report for November
    10:30 am Crude Inventories report for January 10
    2:00 pm Feds Beige Book report for January

    January 15
    8:30 am Initial Claims report for January 10
    8:30 am Continuing Claims report for January 3
    8:30 am PPI report for December
    8:30 am Core PPI report for December
    8:30 am Empire Manufacturing report for January
    10:00 am Philadelphia Fed report for January
    10:30 am Natural Gas Inventories report for January 10

    January 16
    8:30 am CPU report for December
    8:30 am Core CPI report for December
    9:15 am Industrial Production report for December
    9:15 am Capacity Utilization report for December
    9:55 am Michigan Sentiment report for January
    4:00 pm Net Long-Term TIC Flows report for November