Search This Blog

Wednesday, December 13, 2017

Market Alert - Pre-Market

Futures vs FV: SP +5.74; DJ +58.20; NASDAQ +27.35

FOMC day and an expected 25BP rate hike. The market appears ready for it as futures are on the rise since the early morning hours, hitting fresh highs just ahead of the bell.


Elections: Moore lost in AL by 1.5%, refuses to concede. That is about par for that election I guess.


CPI, Nov: 0.4% as expected and prior. Year/year 2.2% vs 2.0% Oct.

Core: 0.2% or 1.7% year/year. That is a drop from 1.8% in Oct.

Apparel had its largest drop since 1998.


Taxes: Could have a completely reconciled bill today. 21% corporate rate, 20% pass-through and more. But they are still working on it.


OTHER MARKETS
Bonds: 2.383 vs 2.404

EUR/USD: 1.1751 vs 1.17430

USD/JPY: 113.11 vs 113.555

Oil: 57.50, +0.34

Gold: 1246.60, +5.10


FOMC decision this afternoon, Yellen's last. Today we see if the gains can hold and still of course watching FAANG and NASDAQ large caps to see if their rest turns into a second leg of the recovery move.

Jon Johnson, Chief Market Strategist
InvestmentHouse.com
______________________________________
Alert Key
http://www.investmenthouse.com/alertkey.htm

PLEASE DO NOT REPLY TO THIS EMAIL. USE THE CONTACT US PAGE ON OUR WEBSITE.

Customer Support: http://investmenthouse.com/contact_us.php

No comments:

Post a Comment