Tuesday, April 30, 2013

It's The Economy Stupid: Want to Take You Higher!

The trend is your friend.  Until it isn’t.

 

Description

Ticker

Last

CHANGE

% Chg Today

Pct Chg 1Yr

Previous Intraday High

Previous Market Close High

 

 

 

 

 

 

STOCK MARKETS

 

 

 

 

 

Dow Jones Industrial Average

INDU Index

14839.180

20.4300

0.1379

12.2735

14887.51

14865.14

S&P 500 Index

SPX Index

1596.560

2.9500

0.1851

14.1545

1597.35

1594.9

S&P 400 Mid Cap Index

MID Index

1156.340

6.5200

0.5670

16.5307

S&P 600 Small Cap Index

SML Index

466.570

-2.3100

-0.4900

15.2104

NASDAQ 100 Index

NDX Index

2887.442

20.4960

0.7149

5.9535

NASDAQ Composite Index

CCMP Index

3328.790

21.7700

0.6583

9.1895

Russell 3000 Index

RAY Index

949.750

2.9500

0.3116

14.6856

949.57

947.17

Russell 1000 Index (Large Cap)

RIY Index

886.820

2.5900

0.2929

14.5934

Russell 2000 Index (Small Cap)

RTY Index

947.390

4.9600

0.5263

15.8506

Wilshire 5000 Total Market

W5000 Index

16863.120

53.7500

0.3198

14.7288

16845.78

16809.32

TREASURIES

% Yield

 

 

 

 

3 Month Treasury

0.0507

 

0.0050

12.5000

 

6 Month Treasury

0.0811

 

0.0008

1.0782

 

2 Year Treasury

0.2074

99.836

0.0000

0.0000

 

5 Year Treasury

0.6744

99.758

0.0078

0.0078

 

10 Year Treasury

1.6717

102.945

-0.0234

-0.0228

 

30 Year Treasury

2.8754

104.922

0.0156

0.0149

 

ENERGY

 

 

 

 

 

Crude Oil, Brent Index

Brent Crude

101.680

-2.1300

-2.0518

-10.4707

Crude Oil, Louisiana Lt. Sweet

LA Lt Sweet

103.980

-1.1200

-1.0657

-14.3300

Natural Gas, Henry Hub Index

Nat Gas

4.349

-0.0430

-0.9791

28.3314

PRECIOUS METALS

 

 

 

 

 

Spot Gold $/oz

GOLD

1476.580

0.6500

0.0440

-11.3404

Spot Silver $/oz

SILVER

24.285

-0.2765

-1.1258

-21.7520

CURRENCIES

 

 

 

 

 

Euro

EUR Curncy

0.759

-0.0040

-0.5240

0.5163

Japanese Yen

JPY Curncy

97.500

-0.2500

-0.2558

-18.1249

British Pound

GBP Curncy

0.644

-0.0014

-0.2170

4.5292

Swiss Franc

CHF Curncy

0.930

-0.0068

-0.7260

-2.3984

Canadian Dollar

CAD Curncy

1.007

-0.0040

-0.3956

-1.9857

Chinese Renminbi

CNY Curncy

6.165

0.0000

0.0000

1.8589

FOREIGN INDICIES

 

 

 

 

 

FTSE 100 INDEX

UK

6430.120

-27.9000

-0.4320

12.0664

CAC 40 INDEX

FRANCE

3856.750

-11.9300

-0.3084

20.0433

DAX INDEX

GERMANY

7913.710

40.2100

0.5107

17.0461

NIKKEI 225 INDEX

JAPAN

13860.860

-23.2700

-0.1676

48.2294

HANG SENG INDEX

HONG KONG

22737.010

156.2400

0.6919

7.7879

 

 

 

Monday, April 29, 2013

It's The Economy Stupid: Market Close, Record Highs

The broader market indices all flirted with record closing highs today. The S&P 500 Index, the Wilshire 5000 Total Market Index, The Russell 3000 Index all were up today. In all likely hood the stock market will make it 4 months in a row this year with positive returns.   All this despite anemic profit growth by the publicly traded U.S. corporations.

 

So it’s all good except for the NASDAQ Composite.  It reached its high of 5048.62 on March 10th of 2000 in the height of the Dot Com bubble (remember the term “new paradigm”?).  It still has “a ways” to go at 3307.  But it is a 12 year high for the NASDAQ.

 

Now, I have been doing this for “a while”.  The stock market doesn’t go straight up.  All these index returns are great for today.  But sooner or later (we are probably closer to sooner rather than later) the market is going to correct 5%, 10%, 15% or 20%.  At some point profit growth is going to matter again (see quip about Dot Com bubble).

 

Of course, now that I’ve actually put this in writing I will probably be wrong.

 

Description

Ticker

Last

CHANGE

% Chg Today

Pct Chg 1Yr

 

 

 

 

 

 

STOCK MARKETS

 

 

 

 

 

Dow Jones Industrial Average

INDU Index

14818.750

106.2000

0.7218

12.1734

S&P 500 Index

SPX Index

1593.150

10.9100

0.6895

13.6816

S&P 400 Mid Cap Index

MID Index

1149.960

8.7600

0.7676

15.0831

S&P 600 Small Cap Index

SML Index

466.570

-2.3100

-0.4900

13.1986

NASDAQ 100 Index

NDX Index

2866.946

26.4000

0.9294

4.8550

NASDAQ Composite Index

CCMP Index

3307.020

27.7570

0.8464

7.9532

Russell 3000 Index

RAY Index

946.800

6.7500

0.7180

14.0189

Russell 1000 Index (Large Cap)

RIY Index

884.220

6.2700

0.7142

14.0027

Russell 2000 Index (Small Cap)

RTY Index

942.420

7.1700

0.7666

14.2646

Wilshire 5000 Total Market

W5000 Index

16809.350

113.5600

0.6802

14.0753

TREASURIES

% Yield

 

 

 

 

3 Month Treasury

0.0507

 

0.0000

0.0000

 

6 Month Treasury

0.0811

 

-0.0050

-6.2500

 

2 Year Treasury

0.2072

99.836

0.0078

0.0078

 

5 Year Treasury

0.6759

99.758

0.0313

0.0313

 

10 Year Treasury

1.6616

102.984

-0.0469

-0.0455

 

30 Year Treasury

2.8618

104.891

-0.3750

-0.3562

 

ENERGY

 

 

 

 

 

Crude Oil, Brent Index

Brent Crude

103.720

0.5600

0.5428

-8.3480

Crude Oil, Louisiana Lt. Sweet

LA Lt Sweet

105.600

1.4500

1.3922

-13.6400

Natural Gas, Henry Hub Index

Nat Gas

4.383

0.1600

3.7888

31.0871

PRECIOUS METALS

 

 

 

 

 

Spot Gold $/oz

GOLD

1471.080

8.9900

0.6149

-11.5117

Spot Silver $/oz

SILVER

24.409

0.4140

1.7254

-22.2276

CURRENCIES

 

 

 

 

 

Euro

EUR Curncy

1.310

0.0072

0.5526

-1.0801

Japanese Yen

JPY Curncy

97.830

-0.2100

-0.2142

-18.5178

British Pound

GBP Curncy

1.550

0.0022

0.1422

-4.4906

Swiss Franc

CHF Curncy

0.937

-0.0056

-0.5940

-3.1483

Canadian Dollar

CAD Curncy

1.011

-0.0053

-0.5213

-2.4217

Chinese Renminbi

CNY Curncy

6.165

0.0000

0.0000

1.8589

FOREIGN INDICIES

 

 

 

 

 

FTSE 100 INDEX

UK

6458.020

31.6000

0.4917

11.7864

CAC 40 INDEX

FRANCE

3868.680

58.6300

1.5388

18.4434

DAX INDEX

GERMANY

7873.500

58.7400

0.7517

15.7643

NIKKEI 225 INDEX

JAPAN

13884.130

-41.9500

-0.3012

45.8281

HANG SENG INDEX

HONG KONG

22580.770

33.0600

0.1466

7.0472