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Monday, June 27, 2011

Economic Data

Personal Income and Outlays http://www.bea.gov/newsreleases/national/pi/pinewsrelease.htm

Personal Income - M/M change	Prior 0.4 %	Revised 0.3 %	Est 0.4 %	Range 0.1 % to 0.5 %	Act 0.3 %
Personal Income - Yr/Yr change	4.4 %	4.4 %			4.2 %
Consumer Spending - M/M change	0.4 %	0.3 %	0.0 %	-0.2 % to 0.3 %	0.0 %
Consumer Spending - Yr/Yr change	4.8 %	4.8 %			4.7 %
Core PCE price index - M/M change	0.2 %		0.2 %	0.2 % to 0.3 %	0.3 %
Core PCE price index - Yr/Yr change	1.0 %	1.1 %			1.2 %

Price Data

Indices+1.17%

Nasdaq +1.97% Russell +1.01% S&P 500 +0.95% DJIA +0.92% Midcap +0.66%

U.S. Stocks Gain as Banks Get New Rules, Technology Shares Rise

Energies+0.10%

Gasoline +1.26% H Oil +0.59% Nat Gas +0.59% WTI -0.34% Ethanol -0.87%

Oil Slides on Outlook for Slower Demand as IEA May Release More Stockpiles

Currencies-0.06%

Euro +0.79% S Franc +0.18% C$ +0.17% Pound +0.06% Peso-0.06% A$ -0.48% Yen -0.57% USD -0.58%

Euro Rises Versus Dollar on Greece Optimism

Softs-0.21%

Cocoa +1.25% Sugar +0.94%Coffee+0.46% Lumber-0.64% OJ-1.36% Cotton -1.95%

Financials-0.45%

Eurodollar+0.02% 2-Year -0.09% 5-Year -0.20% 10-Year -0.20% T-Bond -0.84%

Treasury bond yields rise as some investors shun new debt sale

Grains-0.62%

Meal+0.91% Beans +0.72% Canola -0.26% B Oil -0.56% Oats -0.75% Corn -1.38% Rice -1.60% Wheat -2.04%

Wheat Extends June Slide as Accelerating Harvest Boosts U.S. Grain Supply

Metals-0.94%

Plat -0.11% Gold -0.33% Pall-0.34% Copper -0.65% Silver -3.23%

Gold falls as safe-haven bids ease, equities up

Monday, March 14, 2011

03.14.11 Market Review

Economic Reports

The Monday’s economic calendar was very light.

The BOJ left rates at 0-0.1%. The BOJ also announced that it would increase its fund for buying financial assets.

EU Industrial Production: Month over Month	Prior -0.1 %	Revised0.3 %	Est 0.5 %	Actual 0.3 %
Year over Year	8.0 %	8.8 %		6.6 %

Price Moves

Energies +0.36%

H Oil +1.14% Ethanol +0.53% Nat Gas +0.51% WTI +0.49% Gasoline -0.93%

Grains +0.25%

Meal +1.57% Beans +0.41% Wheat+0.28% Corn+0.26% B-Oil -0.93% Oats -1.85%

Currencies +0.18%

EC +0.77% BP +0.69% SFranc +0.56% Yen +0.29% C$ -0.10% A$ -0.42% $ Index -0.58%

Financials +0.18%

10-Year +0.29% 5-Year +0.25% Bond +0.18% 2-Year +0.06% Eurodollar +0.01%

Indices -0.57%

Mini Nasdaq +0.04% Mini DOW+0.03% Mini S&P+0.02% E-Mini Midcap -0.43%

Metals -0.70%

Copper +0.30% Gold +0.22% Silver -0.17% Plat -1.41% Pall-2.42%

Softs -1.52%

OJ +0.60% KC-0.40% CC -0.67% LB-1.51% CT #2-3.42% SB #11 -3.71%

The markets were primarily focused on the situations in Japan and the Middle East.

Tuesday, March 1, 2011

03.01.11 Review

Economic Data

#1) Weekly Retail Sales

ICSC-Goldman Store Sales

____________________________Prior___________Actual

Store Sales - W/W change	2.6 %	-0.5 %
Store Sales - Y/Y	3.0 %	3.3 %

Redbook

Store Sales Y/Y change

2.7 %

3.0 %

#2) ISM Mfg Index

_____________Prior__Est___Range___Actual

ISM Mfg Index - Level

60.8

60.5

58.7 to 62.0

61.4

#3) Construction Spending

__________________Prior___Rev_____Est____Range______Actual

Construction Spending - M/M change	-2.5 %	-1.6 %	-0.8 %	-1.0 % to -0.3 %	-0.7 %
Construction Spending - Y/Y change	-6.4 %	-5.3 %			-5.9 %

Market Activity

Energies and metals were sharply higher as US military forces repositioned themselves closer to Libya. GCJ11 rose 1.7% to a record high. Silver was up 2.5%, with platinum & palladium up over 1.8%.

GCJ11

In the energy complex: RBJ11 was up 3.7%, HOJ11 up 3.5% and CLJ11 up 3.25%. Brent crude was up almost 4.0%

As the PLATTS Oil Blog notes, although gasoline prices are almost 20% above year-ago levels demand is up 2.6% from last year.

These higher energy prices are weighing on equities, with the S&P falling 1.75% and the NASDAQ and Dow off about 1.5%. The March VIX contract rose 9.3% and flirting with its 50 day moving average

VIXH11

Futures Insights