Friday, February 21, 2014

It's The Econoomy Stupid: Market Close

The U.S. stock markets started off okay, but they tripped around noon, fell, and then couldn’t get back up.  I just read an  article that theorizes that Treasuries rose today on “speculation the Federal Reserve is unlikely to slow the pace of stimulus cuts.”  Yeah, right.  More likely seeking safe harbor.

 

European bonds rallied as Ukraine reached an agreement on early elections. The S&P 500, the Dow, the NASDAQ, the Russell and the Wilshire indices were all down.  Meanwhile, the rest of the world was largely up. The MSCI All-Country World Index added 0.3 percent, approaching a six-year high reached on Dec. 31. Gold advanced while Crude Oil retreated. 

 

Dallas Fed President Richard Fisher said it’s hard to argue that further expansion of central bank balance sheet has had

“much efficacy.”  Fisher, an opponent of added stimulus who votes on policy this year, said he’ll remain a strong advocate of tapering the purchase of bond buying.  St. Louis Fed President James Bullard, who doesn’t vote on the Federal Open Market Committee this year, said the central bank is on target to continue scaling back stimulus.  Fed Chair Janet Yellen last week said the economy has strengthened enough to withstand continued cuts to monetary

stimulus, adding that only a notable change in the outlook for the economy would prompt the central bank to slow the pace of tapering. DON’T BET AGAINST THE FED.

 

Description

Ticker

Last

Change

% Chg Today

% Chg 1Year

YTD Tot Ret

U.S. STOCK MARKET

 

 

 

 

 

 

Dow Jones Industrial Average

INDU Index

16103.30

-29.930

-0.186

16.013

-2.457

S&P 500 Index

SPX Index

1836.25

-3.530

-0.192

22.219

-0.339

NASDAQ 100 Index

NDX Index

3662.60

-9.327

-0.254

35.076

2.214

NASDAQ Composite Index

CCMP Index

4263.41

-4.135

-0.097

36.146

2.280

Russell 3000 Index

RAY Index

1106.30

-1.458

-0.132

23.769

0.097

Russell 1000 Index (Large Cap)

RIY Index

1028.27

-1.668

-0.162

23.360

0.092

Russell 2000 Index (Small Cap)

RTY Index

1164.63

2.517

0.217

28.632

0.193

Russell Mid Cap Index

RMC Index

1524.75

0.780

0.051

26.983

2.377

Wilshire 5000 Total Market

W5000 Index

19689.26

-20.860

-0.106

24.188

-0.085

FOREIGN STOCKS

 

 

 

 

 

 

FTSE ALL-WORLD INDEX

 

267.40

0.810

0.304

15.483

-0.343

FTSE ALL-WORLD EX U.S. INDEX

 

278.26

2.110

0.764

9.345

-0.498

FTSE ALL-WORLD DEVELOPED IDX

 

259.46

0.680

0.263

18.637

0.029

FTSE ALL-WORLD DEVL EX U.S.

 

262.42

1.980

0.760

14.230

0.248

FTSE ALL-WORLD DEVL EUROPE

 

261.80

1.630

0.627

21.898

2.185

FTSE ALL-WORLD DEVL ASIA-PAC

 

238.26

3.410

1.452

5.556

-2.795

FTSE ALL-WORLD EMERGING MKTS

 

470.68

3.640

0.779

-10.086

-4.126

EURO STOXX 600 INDEX

EUROPE

336.09

1.310

0.391

17.984

2.639

EURO STOXX TOTAL MARKET

EUROPE

329.46

1.320

0.402

18.404

2.597

FTSE 100 INDEX

UK

6838.06

25.070

0.368

8.687

1.836

CAC 40 INDEX

FRANCE

4381.06

25.570

0.587

20.863

2.005

DAX INDEX

GERMANY

9656.95

38.100

0.396

27.340

1.097

NIKKEI 225 INDEX

JAPAN

14865.67

416.490

2.882

30.562

-8.745

HANG SENG INDEX

HONG KONG

22568.24

174.160

0.778

-0.940

-3.113

TEL AVIV 100 INDEX

ISRAEL

2113.69

-25.089

-1.173

-8.663

-0.104

SHANGHAI COMP INDEX

CHINA

2113.69

-25.089

-1.173

-8.663

-0.104

RUSSIAN RTS INDEX

RUSSIA

1315.54

12.390

0.951

-15.059

-15.059

TREASURIES

% Yield

 

 

 

 

 

3 Month Treasury

0.0406

 

-0.010

-22.222

 

 

6 Month Treasury

0.0811

 

0.000

0.000

 

 

2 Year Treasury

0.3142

100.12

0.008

0.008

 

 

5 Year Treasury

1.5313

99.85

0.031

0.031

 

 

10 Year Treasury

2.7301

100.17

0.180

0.180

 

 

30 Year Treasury

3.6934

98.77

0.531

0.541

 

 

ENERGY

 

 

 

 

 

 

Crude Oil, Brent Index

Brent Crude

109.77

-0.530

-0.481

3.781

 

Crude Oil, Louisiana Lt. Sweet

LA Lt Sweet

108.40

0.330

0.305

-5.890

 

Natural Gas, Henry Hub Index

Nat Gas

6.19

0.130

2.144

58.698

 

PRECIOUS METALS

 

 

 

 

 

 

Spot Gold $/oz

GOLD

1323.18

0.240

0.018

-16.061

 

Spot Silver $/oz

SILVER

21.81

-0.017

-0.076

-23.934

 

CURRENCIES

 

 

 

 

 

 

Euro

EUR Curncy

0.73

-0.001

-0.151

-3.996

 

Japanese Yen

JPY Curncy

102.49

0.210

0.205

-9.171

 

British Pound

GBP Curncy

0.60

0.001

0.150

-8.238

 

Swiss Franc

CHF Curncy

0.89

-0.002

-0.214

4.890

 

Canadian Dollar

CAD Curncy

1.11

0.003

0.270

-8.474

 

Chinese Renminbi

CNY Curncy

6.09

0.007

0.122

2.456

 

 

 

 

 

 

 

 

 

Last

Chg Today

% Chg Today

3 Mo Tot Ret

6 Mo Tot Ret

YTD Tot Ret

S&P 500 INDEX

1836.250

-3.53

-0.192

2.799

12.971

-0.339

S&P 500 CONSUMER DISCRETION

516.500

0.88

0.171

1.592

13.452

-2.460

S&P 500 CONSUMER STAPLES

426.310

-0.91

-0.213

-2.820

5.607

-3.461

S&P 500 ENERGY

629.810

-4.41

-0.695

-1.307

9.150

-2.870

S&P 500 FINANCIALS

288.720

0.09

0.031

0.809

9.284

-1.764

S&P 500 HEALTH CARE

679.400

-1.68

-0.247

8.295

20.201

6.062

S&P 500 INDUSTRIALS

441.600

-0.02

-0.005

2.915

16.246

-2.053

S&P 500 INFO TECHNOLOGY

589.900

-1.99

-0.336

7.005

16.453

1.099

S&P 500 MATERIALS

291.530

-0.33

-0.113

4.596

16.026

0.212

S&P 500 TELECOM SERVICES

148.190

-2.09

-1.391

-4.754

1.877

-3.701

S&P 500 UTILITIES

205.380

0.31

0.151

6.034

11.611

6.862

----------------------

Life is good!  The alternative?  Not so much.

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

225-342-0013

jbroussard@treasury.state.la.us