Archive for March 18th, 2015

  • 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