Archive for 2015

  • After Taking a One Day Breather, the Stock Market Resumes Rallying



    DOW 17,884.88  +211.86 points or  +1.20%
    S&P 500  2,062.52  +21.01 points  +1.03%

    NASDAQ  4,765.10  +48.39 points or  +1.03%

    Russell 2000  1,208.71  +17.27 points or  +1.45%

     

    After taking one day off yesterday, the Stock Market resumed rallying today. The Market opened higher and remained near the morning highs all day then adding to those highs with a late day rally to close near the days high. Crude Oil has been on a roller coaster. Crude rallied up over 5 percent today to close up at $50.92 per barrel. The volatility index took a big hit as the Market rallied, losing -8.07 percent to close down at 16.85. The 10 Year Treasury bond yield moved higher to close around 1.82 percent. Trading volume saw about 7.1 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.


    February 2
    8:30 AM Personal Income report for December was 0.3 percent. That was exactly in line with Market expectations. The prior reported figure was revised from 0.4 percent to 0.3 percent. 
    8:30 AM Personal Spending report for December was down -0.3 percent. The Market was expecting -0.2 percent. The prior reported figure was revised from 0.4 percent to 0.3 percent. 
    8:30 AM PCE Prices-Core report for December was flat. That was exactly in line with Market expectations. The prior reported figure was also flat.
    10:00 AM ISM Index report for January was 53.5. The Market was expecting 54.7. The prior reported figure was revised from 55.5 to 55.1.
    10:00 AM Construction Spending for December was 0.4 percent. The prior reported figure was 0.8 percent. The prior reported figure was revised from -0.3 percent to -0.2 percent. 

    February 3
    10:00 AM Factory Orders report for December was down -3.4 percent. The Market was expecting down -2.0 percent. The prior reported figure was revised from down -0.7 percent to down -1.7 percent.
    2:00 PM Auto Sales report for January
    2:00 PM Truck Sales report for January

    February 4
    7:00 AM MBA Mortgage Index report for January 31 was up 1.3 percent. The prior reported figure was down -3.2 percent.  
    8:15 AM ADP Employment Change report for January was 213K. The Market was expecting 230K. The prior reported figure was revised from 241K to 253K. 
    10:00 AM ISM Services report for January was 56.7. The Market was expecting 56.5. The prior reported figure was revised from 56.2 to 56.5.
    10:30 AM Crude Inventories report for January 31 was 6.333M. The prior reported figure was 8.874M.

    February 5
    7:30 AM Challenger Job Cuts report for January was 17.6 percent. The prior reported figure was 6.6 percent. 
    8:30 AM Initial Claims report for January 31 was 278K. The Market was expecting 290K. The prior reported figure was revised from 265K to 267K. 
    8:30 AM Continuing Claims report for January 24 was 2400K. The Market was expecting 2388K. The prior reported figure was revised from 2385K to 2394K. 
    8:30 AM Trade Balance report for December was down -$46.6B. The Market was expecting down -$38.0B. The prior reported figure was revised from down -$39.0B to down -$39.8B.
    8:30 AM Productivity-Prel report for Quarter 4 was down -1.8 percent. The Market was expecting up 0.2 percent. The prior reported figure was revised from 2.3 percent to 3.7 percent. 
    8:30 AM Unit Labor Costs report for Quarter 4 was up 2.7 percent. The Market was expecting 1.2 percent. The prior reported figure was revised from down -1.0 percent to -2.3 percent. 
    10:30 AM Natural Gas Inventories report for January 31 was down -115bcf. The prior reported figure was -94bcf. 

    February 6
    8:30 AM Nonfarm Payrolls report for January
    8:30 AM Nonfarm Private Payrolls for January
    8:30 AM Unemployment Rate report for January
    8:30 AM Hourly Earnings report for January
    8:30 AM Average Workweek report for January
    3:00 PM Consumer Credit report for December 
  • Stock Market Paused Ending 2 Day Rally; Crude Oil Plunges on Supply Glut Report


    DOW 17,673.02  +6.62 points or  +0.04%
    S&P 500  2,041.51  -8.52 points  -0.42%

    NASDAQ  4,716.70  -11.03 points or  -0.23%

    Russell 2000  1,191.44  -5.55 points or  -0.46%

     

    The Stock Market paused ending the 2 day rally. The Market opened lower, popped up to positive territory, then moved back and forth around the unchanged level until late in the day, when the S&P sold off closing near the days low. After yesterdays big Crude Oil rally to over $53 per barrel, Crude gave it all back today, selling off hard ending the day down around 9 percent closing down around the mid $48 per barrel level on a much bigger supply report. The volatility index, the VIX, moved back up 5.77 percent to close up at 18.33.  The 10 Year Treasury bond yield moved back down, to close around 1.74 percent. Trading volume saw about 7.8 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.


    February 2
    8:30 AM Personal Income report for December was 0.3 percent. That was exactly in line with Market expectations. The prior reported figure was revised from 0.4 percent to 0.3 percent. 
    8:30 AM Personal Spending report for December was down -0.3 percent. The Market was expecting -0.2 percent. The prior reported figure was revised from 0.4 percent to 0.3 percent. 
    8:30 AM PCE Prices-Core report for December was flat. That was exactly in line with Market expectations. The prior reported figure was also flat.
    10:00 AM ISM Index report for January was 53.5. The Market was expecting 54.7. The prior reported figure was revised from 55.5 to 55.1.
    10:00 AM Construction Spending for December was 0.4 percent. The prior reported figure was 0.8 percent. The prior reported figure was revised from -0.3 percent to -0.2 percent. 

    February 3
    10:00 AM Factory Orders report for December was down -3.4 percent. The Market was expecting down -2.0 percent. The prior reported figure was revised from down -0.7 percent to down -1.7 percent.
    2:00 PM Auto Sales report for January
    2:00 PM Truck Sales report for January

    February 4
    7:00 AM MBA Mortgage Index report for January 31 was up 1.3 percent. The prior reported figure was down -3.2 percent.  
    8:15 AM ADP Employment Change report for January was 213K. The Market was expecting 230K. The prior reported figure was revised from 241K to 253K. 
    10:00 AM ISM Services report for January was 56.7. The Market was expecting 56.5. The prior reported figure was revised from 56.2 to 56.5.
    10:30 AM Crude Inventories report for January 31 was 6.333M. The prior reported figure was 8.874M.

    February 5
    7:30 AM Challenger Job Cuts report for January
    8:30 AM Initial Claims report for January 31
    8:30 AM Continuing Claims report for January 24
    8:30 AM Trade Balance report for December
    8:30 AM Productivity-Prel report for Quarter 4
    8:30 AM Unit Labor Costs report for Quarter 4
    10:30 AM Natural Gas Inventories report for January 31

    February 6
    8:30 AM Nonfarm Payrolls report for January
    8:30 AM Nonfarm Private Payrolls for January
    8:30 AM Unemployment Rate report for January
    8:30 AM Hourly Earnings report for January
    8:30 AM Average Workweek report for January
    3:00 PM Consumer Credit report for December 
  • Stock Market Roars Higher for 2nd Consecutive Day; Crude Oil Up 7%


    DOW 17,666.40  +305.36 points or  +1.76%
    S&P 500  2,050.30  +29.18 points  +1.44%

    NASDAQ  4,727.74  +51.05 points or  +1.09%

    Russell 2000  1,196.99  +21.47 points or  +1.83%

     

    The Stock Market roared higher for 2nd consecutive day. The Market opened higher, paused around mid day, then continued climbing all afternoon closing up near the high of the day. Crude Oil screamed higher, jumping up over 7% today, closing slightly above the $53 per barrel level. 

    The volatility index, the VIX, continued to trade lower as the Stock Market traded higher, moving down -10.81 percent to close down at 17.33.  The 10 Year Treasury bond yield jumped higher, to close around 1.78 percent. Trading volume saw about 8.5 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.


    February 2
    8:30 AM Personal Income report for December was 0.3 percent. That was exactly in line with Market expectations. The prior reported figure was revised from 0.4 percent to 0.3 percent. 
    8:30 AM Personal Spending report for December was down -0.3 percent. The Market was expecting -0.2 percent. The prior reported figure was revised from 0.4 percent to 0.3 percent. 
    8:30 AM PCE Prices-Core report for December was flat. That was exactly in line with Market expectations. The prior reported figure was also flat.
    10:00 AM ISM Index report for January was 53.5. The Market was expecting 54.7. The prior reported figure was revised from 55.5 to 55.1.
    10:00 AM Construction Spending for December was 0.4 percent. The prior reported figure was 0.8 percent. The prior reported figure was revised from -0.3 percent to -0.2 percent. 

    February 3
    10:00 AM Factory Orders report for December was down -3.4 percent. The Market was expecting down -2.0 percent. The prior reported figure was revised from down -0.7 percent to down -1.7 percent.
    2:00 PM Auto Sales report for January
    2:00 PM Truck Sales report for January

    February 4
    7:00 AM MBA Mortgage Index report for January 31
    8:15 AM ADP Employment Change report for January
    10:00 AM ISM Services report for January
    10:30 AM Crude Inventories report for January 31

    February 5
    7:30 AM Challenger Job Cuts report for January
    8:30 AM Initial Claims report for January 31
    8:30 AM Continuing Claims report for January 24
    8:30 AM Trade Balance report for December
    8:30 AM Productivity-Prel report for Quarter 4
    8:30 AM Unit Labor Costs report for Quarter 4
    10:30 AM Natural Gas Inventories report for January 31

    February 6
    8:30 AM Nonfarm Payrolls report for January
    8:30 AM Nonfarm Private Payrolls for January
    8:30 AM Unemployment Rate report for January
    8:30 AM Hourly Earnings report for January
    8:30 AM Average Workweek report for January
    3:00 PM Consumer Credit report for December 
  • Stock Market Begins February With a Big Gain



    DOW 17,361.04  +196.09 points or  +1.14%
    S&P 500  2,020.85  +25.86  points  +1.30%

    NASDAQ  4,676.69  +41.45 points or  +0.89%

    Russell 2000  1,175.51  +10.12 points or  +0.87%

     

    The Stock Market began the new month with a big gain. The Market traded down to the days low around 10am ET, see sawed up and down until the last hour when the Market rallied strong, closing up near the days high. The volatility index, the VIX, traded lower on the Stock Market rally, moving down -7.34 percent to close down at 19.43.  The 10 Year Treasury bond yield moved slightly lower to close around 1.67 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.


    February 2
    8:30 AM Personal Income report for December was 0.3 percent. That was exactly in line with Market expectations. The prior reported figure was revised from 0.4 percent to 0.3 percent. 
    8:30 AM Personal Spending report for December was down -0.3 percent. The Market was expecting -0.2 percent. The prior reported figure was revised from 0.4 percent to 0.3 percent. 
    8:30 AM PCE Prices-Core report for December was flat. That was exactly in line with Market expectations. The prior reported figure was also flat.
    10:00 AM ISM Index report for January was 53.5. The Market was expecting 54.7. The prior reported figure was revised from 55.5 to 55.1.
    10:00 AM Construction Spending for December was 0.4 percent. The prior reported figure was 0.8 percent. The prior reported figure was revised from -0.3 percent to -0.2 percent. 

    February 3
    10:00 AM Factory Orders report for December
    2:00 PM Auto Sales report for January
    2:00 PM Truck Sales report for January

    February 4
    7:00 AM MBA Mortgage Index report for January 31
    8:15 AM ADP Employment Change report for January
    10:00 AM ISM Services report for January
    10:30 AM Crude Inventories report for January 31

    February 5
    7:30 AM Challenger Job Cuts report for January
    8:30 AM Initial Claims report for January 31
    8:30 AM Continuing Claims report for January 24
    8:30 AM Trade Balance report for December
    8:30 AM Productivity-Prel report for Quarter 4
    8:30 AM Unit Labor Costs report for Quarter 4
    10:30 AM Natural Gas Inventories report for January 31

    February 6
    8:30 AM Nonfarm Payrolls report for January
    8:30 AM Nonfarm Private Payrolls for January
    8:30 AM Unemployment Rate report for January
    8:30 AM Hourly Earnings report for January
    8:30 AM Average Workweek report for January
    3:00 PM Consumer Credit report for December