Futures vs FV: SP +7.07; DJ +79.02; NASDAQ +25.66
Futures up even with some back and forth news.
Trade: China/US talks end, no further talks planned as there was agreement on nothing.
Fed: Jackson Hole today and waiting on Powell's speech. Kuroda, Draghi are not there at all.
Bullard: Thinks should 'stand pat' on rates for the rest of 2018.
Mester: Ups GDP forecast, says gradual increase appropriate.
Durables, July: -1.7 vs -0.6 exp vs 0.7 prior (from 1.0
Ex-Trans: 0.2 vs 0.4 vs 0.1 (from 0.4)
Business investment: 1.4% vs 0.9 June. The bright spot.
Earnings beats: FL; INTU; GPS, HPQ, ROST; SPLK; BKE; ADSD; VMW
Misse: HIBB (TL, BL, SSS)
Black small business ownership: +400% since Trump elected.
OTHER MARKETS
Bonds: 2.848% vs 2.828%
EUR/USD: 1.1596 VS 1.1542
USD/JPY: 111.38 VS 111.25
Oil: 68.18, +0.95
Gold: 1200.50, +1.50
Futures at morning highs. A decent open is coming. Now will the NEW HIGH ANXIETY on NASDAQ and SP500 fade. Will they hit those highs and move on a la RUTX, SP400?
______________________________________
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