Thursday, October 27, 2011

It's The Economy Stupid: Dow up 339, S&P up 3.43%

TGIF y’all!

 

Description

Ticker

Last

CHANGE

% Chg Today

Pct Chg 1Yr

 

 

 

 

 

STOCK MARKETS

 

 

 

 

 

Dow Jones Industrial Average

INDU Index

12208.55

339.5100

2.8605

9.7271

S&P 500 Index

SPX Index

1284.59

42.5900

3.4292

8.6380

NASDAQ Composite Index

CCMP Index

2738.63

87.9600

3.3184

9.4025

Russell 3000 Index

RAY Index

760.56

26.4400

3.6016

8.6996

Russell 2000 Index (Small)

RTY Index

765.43

38.2800

5.2644

8.6903

S&P 400 Mid Cap Index

MID Index

912.99

37.6800

4.3048

10.3285

S&P 600 Small Cap Index

SML Index

421.14

20.4800

5.1116

12.7399

TREASURIES

% Yield

 

 

 

 

2 Year Treasury

0.2769

100.171875

-0.0313

-0.0312

 

5 Year Treasury

1.1161

101.7734375

-0.4766

-0.4661

 

10 Year Treasury

2.3129

106.921875

-1.5234

-1.4048

 

30 Year Treasury

3.4101

117.875

-4.5000

-3.6772

 

ENERGY

 

 

 

 

 

Crude Oil, Brent Index

Brent

112

3.0900

2.8372

28.8393

Crude Oil, Louisiana Light Sweet

LA Light Sweet

114.92

4.3700

3.9530

35.2200

Natural Gas, Henry Hub Index

Nat Gas

#N/A N/A

#N/A N/A

#N/A N/A

#N/A N/A

PRECIOUS METALS

 

 

 

 

 

Spot Gold $/oz

GOLD

1742.95

18.1300

1.0511

31.5087

Spot Silver $/oz

SILVER

35.0925

1.7050

5.1067

48.7731

CURRENCIES

 

 

 

 

 

Euro

EUR Curncy

1.4189

0.0283

2.0351

3.0503

Japanese Yen

JPY Curncy

75.96

-0.2100

-0.2757

7.6224

British Pound

GBP Curncy

1.6098

0.0123

0.7700

2.1119

Swiss Franc

CHF Curncy

0.86

-0.0210

-2.3837

15.1628

Canadian Dollar

CAD Curncy

0.9922

-0.0120

-1.1950

3.6078

Chinese Yuan

CNY Curncy

6.3605

0.0056

0.0881

5.0468

OTHERS OF INTEREST:

Copper

Copper Per LBS

321.9

16.4500

0.0539

-14.7400

 

 

Boudin Chaud. Cous Cous Froide. Allons Tigres--Poussez Poussez Poussez

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

Ph:  225-342-0013

Fx:  225-342-9721

Email:  jbroussard@treasusry.state.la.us

Street Address:

445 North Blvd, 7th Floor

Baton Rouge, LA 70802

Mailing Address:

P.O. Box 44154 Capitol Station

Baton Rouge, LA 70804-4154

Physical Location:

One City Plaza, 7th Floor

Corner of North Blvd & 4th Street

Exit 1B I-110 Convention Street, Turn Left to get to North Blvd

 

It's The Economy Stupid: GDP & Jobless Numbers

 

 

 

Economic Event

Period

Actual Reported

Economic Survey

Original Prior

Revised Prior

GDP QoQ Annualized

3Q

2.5%

2.5% 

1.3%

 

Personal Consumption

3Q

2.4%

1.9%

0.7%

 

GDP Price Index

3Q

2.5%

2.4%

2.5%

Initial Jobless Claims

Oct 22

402K

401K

403K

404K

Continuing Jobless Claims

Oct 15

3645K

3700K 

3719K

3741K

 

 

 

 

 

 

 

 

 

 

 

 

 

GDP

 

The U.S. economy grew in the third quarter at the fastest pace in a year as gains in consumer spending and business investment helped support a recovery on the

brink of faltering.

 

Gross domestic product, the value of all goods and services produced, rose at a 2.5 percent annual rate, matching the median forecast of economists surveyed by Bloomberg News and up from a 1.3 percent gain in the prior quarter, Commerce Department figures showed today in Washington. Household purchases, the

biggest part of the economy, increased at a more-than-projected 2.4 percent pace.

 

Americans last quarter cut savings to boost purchases as incomes dropped by the most in two years, calling into question the sustainability of the acceleration in sales. With the lack of jobs holding back wages, the Obama administration and Federal Reserve policy makers have proposed additional measures aimed at stimulating growth and hiring.

 

JOBLESS CLAIMS

 

Fewer Americans filed applications for unemployment assistance last week, while those on benefit rolls dropped to a three-year low, signaling limited improvement

in the labor market.

 

First-time jobless claims decreased by 2,000 to 402,000 in the week ended Oct. 22, Labor Department figures showed today in Washington. The median forecast of economists in a Bloomberg News survey called for a drop to 401,000. The number of people collecting unemployment benefits fell in the prior week by 96,000 to 3.65 million, the fewest since September 2008.

 

A little more troubling is that fact that today’s data showed the four-week moving average, a less volatile measure than the weekly figures, rose to 405,500 last

week from 403,750.

 

And of course, the revisions to previously released jobless claim numbers were all revised upward, which also is not a good trend.

 

JB

 

Boudin Chaud. Cous Cous Froide. Allons Tigres--Poussez Poussez Poussez

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

Ph:  225-342-0013

Fx:  225-342-9721

Email:  jbroussard@treasusry.state.la.us

 

Wednesday, October 26, 2011

It's The Economy Stupid: Durable Goods

U.S. stock-index futures extended gains after orders for durable goods topped economists forecasts last month, tempering concern that the economy was weakening.       

Futures on the Standard & Poor’s 500 Index expiring in December rose 0.8 percent to 1,234 at 8:32 a.m. in New York.  

 

Orders for U.S. durable goods excluding transportation equipment rose in September by the most in six months, showing manufacturing is supporting the expansion. Demand for goods meant to last at least three years, outside of airplanes and automobiles, climbed 1.7 percent, exceeding the median forecast of economists surveyed by Bloomberg News that called for a 0.4 percent increase.

 

 

Economic Event

Period

Actual Reported

Economic Survey

Original Prior

Revised Prior

MBA Mortgage Application

21-Oct

4.9%

 

-14.9%

 

Durable Goods Orders

SEP

-0.1%

-1.0%

-0.1%

 

Durables Ex Transportation

SEP

1.7%

0.4%

-0.1%

-0.4%

Cap Goods Orders Non Defense Ex Air

SEP

2.4%

0.5%

1.1%

0.5%

Cap Goods Shipped Non Defenxe Ex Air

SEP

-0.9%

 

2.8%

3.1%

New Home Sales

SEP

 

300K

295K

 

New Home Sales MoM

SEP

 

1.7%

2.8%

 

 

 

 

Boudin Chaud. Cous Cous Froide. Allons Tigres--Poussez Poussez Poussez

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

Ph:  225-342-0013

Fx:  225-342-9721

Email:  jbroussard@treasusry.state.la.us

Street Address:

445 North Blvd, 7th Floor

Baton Rouge, LA 70802

Mailing Address:

P.O. Box 44154 Capitol Station

Baton Rouge, LA 70804-4154

Physical Location:

One City Plaza, 7th Floor

Corner of North Blvd & 4th Street

Exit 1B I-110 Convention Street, Turn Left to get to North Blvd

 

Tuesday, October 25, 2011

It's The Economy Stupid: Europa

Multiple choice question:  The market is down today because of:

 

a)     Greece

b)    European Bailout Terms

c)     Lack of European Bailout

d)    Too many Europeans to Bailout

e)     All of the above

 

DING! DING! DING!  We have a winner!

 

Description

Ticker

Last

CHANGE

% Chg Today

Pct Chg 1Yr

 

 

 

 

 

STOCK MARKETS

 

 

 

 

 

Dow Jones Industrial Average

INDU Index

11706.62

-207.0000

-1.7375

4.8864

S&P 500 Index

SPX Index

1229.06

-25.1300

-2.0037

3.6858

NASDAQ Composite Index

CCMP Index

2638.42

-61.0200

-2.2605

5.9245

Russell 3000 Index

RAY Index

725.87

-15.7000

-2.1171

3.5058

Russell 2000 Index (Small)

RTY Index

713.66

-22.3700

-3.0393

0.8391

S&P 400 Mid Cap Index

MID Index

864.7

-21.5200

-2.4283

4.2513

S&P 600 Small Cap Index

SML Index

394.82

-11.0800

-2.7297

5.2535

TREASURIES

% Yield

 

 

 

 

2 Year Treasury

0.2306

100.2539063

0.0586

0.0585

 

5 Year Treasury

0.9385

102.59375

0.4688

0.4590

 

10 Year Treasury

2.0511

109.2421875

1.0859

1.0041

 

30 Year Treasury

3.1068

124.28125

3.0000

2.4736

 

ENERGY

 

 

 

 

 

Crude Oil, Brent Index

Brent

110.97

-0.4800

-0.4307

27.4512

Crude Oil, Louisiana Light Sweet

LA Light Sweet

115.1

-1.3200

-1.1338

35.7800

Natural Gas, Henry Hub Index

Nat Gas

3.658

0.0540

1.4983

-18.0188

PRECIOUS METALS

 

 

 

 

 

Spot Gold $/oz

GOLD

1701.07

47.5900

2.8782

27.0068

Spot Silver $/oz

SILVER

33.3125

1.5500

4.8800

40.8034

CURRENCIES

 

 

 

 

 

Euro

EUR Curncy

1.3906

-0.0023

-0.1651

-0.4511

Japanese Yen

JPY Curncy

75.96

-0.1400

-0.1840

6.3849

British Pound

GBP Curncy

1.6

0.0002

0.0125

1.7236

Swiss Franc

CHF Curncy

0.8787

-0.0021

-0.2384

10.5030

Canadian Dollar

CAD Curncy

1.0159

0.0121

1.2054

0.3937

Chinese Yuan

CNY Curncy

6.3645

-0.0147

-0.2304

4.6162

OTHERS OF INTEREST:

Copper

Copper Per LBS

321.9

16.4500

0.0539

-14.7400

 

 

 

Boudin Chaud. Cous Cous Froide. Allons Tigres--Poussez Poussez Poussez

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

Ph:  225-342-0013

Fx:  225-342-9721

Email:  jbroussard@treasusry.state.la.us

Street Address:

445 North Blvd, 7th Floor

Baton Rouge, LA 70802

Mailing Address:

P.O. Box 44154 Capitol Station

Baton Rouge, LA 70804-4154

Physical Location:

One City Plaza, 7th Floor

Corner of North Blvd & 4th Street

Exit 1B I-110 Convention Street, Turn Left to get to North Blvd