Archive

Archive for September, 2013

Market Wrap

September 30th, 2013 No comments

S&P500 –0.60% Gap down open then chop rest of day on Congress government shutdown headlines all day

Chicago PMI 55.7 vs. 54.4 est./53.0 prior. New orders 58.9/57.2. Employment 53.2/54.9

Dallas Fed 12.8 vs. 6.0 est./5.0 prior

Categories: News

Market Wrap

September 27th, 2013 No comments

S&P500 –0.41% Market fell as investors took some risk off into the government shut-down deadline at the end of the month

Core PCE 1.2% y/y. 0.2% vs. 0.1% est./0.1% prior

Consumer sentiment 77.5 vs. 78 est./76.8 prior
1 year inflation outlook 3.3%/3.2%. 5 year 3%/3%

Categories: News

Market Wrap

September 26th, 2013 No comments

S&P500 +0.35%

Core PCE 0.6% vs. 0.8% est.

Jobless claims 305K vs. 300K est./prior 309K revised to 310K

Pending home sales –1.6% vs. –1% est./-1.3% prior

Categories: News

Market Wrap

September 26th, 2013 No comments

S&P500 –0.27%

Durable goods 0.1% vs. –0.5% est. Prior –7.3% revised to –8.1%. Ex-transportation –0.1% vs. 1.0% est. Prior –0.5% revised to –0.6%

New home sales 421K vs. 425K est. Prior 390K revised to 394K

Categories: News

Market Wrap

September 24th, 2013 No comments

S&P500 –0.26%

Dudley: "driven by data not by time..when data in-line with Fed’s June forecast (key)" Link

Richmond Fed 0 vs. 10.5 est./14 prior. New orders 5/16. Employment -6/6

Categories: News

Market Wrap

September 23rd, 2013 No comments

S&P500 –0.47% The market sold off. Not much news during the day other than 3 Fed governors giving their thoughts.

Fairfax announced a non-binding letter of intent for $BBRY at $9 in cash without financing and pending due diligence

Fed Lockhart and Dudley see a tough case for October taper

Apple sold 9 million iPhone 5s/5c units beating sell-side estimates of 5-6 million. The company also raised sales and gross margin guidance for the quarter

EU flash manufacturing PMI 51.1 vs. 51.8 est/51.4 prior

Categories: News

Market Wrap

September 20th, 2013 No comments

S&P500 –0.72%

Market sold off on comments from the Fed’s Bullard who told the media that October Fed meeting was “live” and they could move depending on the data.

$BBRY pre-announced negative. $1.6B sales vs. $3B estimate. $950-995M in losses

$TTWO press release. GTA V 3 day sales $1 billion

Categories: News

Market Wrap

September 19th, 2013 No comments

S&P500 –0.18%

Jobless claims 309K vs. 341K/292K to 294K. 2 states including California still having computer issues

Existing home sales 5.48M vs. 5.255M

Philly Fed 22.3 vs. 10.0 est/9.3 prior. New orders 21.2/5.3. Employment 10.3/3.5

Categories: News

Market Wrap

September 18th, 2013 No comments

S&P500 +1.22% The Fed surprised the market with 0 taper of QE.

Bernanke: criteria for end of QE is a substantial improvement of the outlook of the labor market (no actual UE rate number given now)

$GS CEO: gold is alternative to FX, with stabilization of market/interest rates rising, less important to hold gold, more expensive to hold (rising rates)

Housing starts 891K vs. 915K est/896K prior revised to 883K. Permits 918K vs. 950K est

Categories: News

Market Wrap

September 17th, 2013 No comments

S&P500 +0.42% Market rallied most of the day into the Fed meeting tomorrow.

EA selects Andrew Wilson as their new CEO, he previously ran EA Sports

Categories: News