Thursday, June 27, 2013

It's The Economy Stupid: Market Close

The market’s up!   Gold is down!

 

U.S. stocks and commodities rose amid better-than-estimated economic data and assurances from Federal Reserve officials that the central bank will continue to spur growth if needed.   

 

Gold dipped to a 34-month low below $1,200 an ounce. Ten-year Treasury yields lost six basis points to 2.48 percent.

 

U.S. consumer spending rebounded, pending home sales jumped to the highest level since 2006 and jobless claims declined last week, reports showed today. Federal Reserve Bank of New York President William C. Dudley said the central bank may prolong its asset-purchase program if the economy’s performance fails to meet the Fed’s forecasts.

    

The S&P 500’s three-day advance of 2.6 percent is its best rally since the beginning of the year. The index trimmed its June decline to 1 percent. The benchmark gauge of American stocks is up 2.9 percent in the second quarter and 13 percent in 2013.

 

Description

Ticker

Last

CHANGE

% Chg Today

Pct Chg 1Yr

 

 

 

 

 

 

STOCK MARKETS

 

 

 

 

 

Dow Jones Industrial Average

INDU Index

15024.490

114.3500

0.7669

19.3246

S&P 500 Index

SPX Index

1613.200

9.9400

0.6200

21.3152

NASDAQ 100 Index

NDX Index

2906.840

12.9860

0.4487

13.9436

NASDAQ Composite Index

CCMP Index

3401.863

25.6390

0.7594

18.6659

Russell 3000 Index

RAY Index

959.480

7.3400

0.7709

22.5550

Russell 1000 Index (Large Cap)

RIY Index

894.150

6.1800

0.6960

22.3145

Russell 2000 Index (Small Cap)

RTY Index

979.920

16.0900

1.6694

25.5282

Wilshire 5000 Total Market

W5000 Index

17047.840

137.4400

0.8128

22.6433

TREASURIES

% Yield

 

 

 

 

3 Month Treasury

0.0558

 

-0.0100

-18.1818

 

6 Month Treasury

0.1065

 

-0.0050

-4.7619

 

2 Year Treasury

0.3691

100.039

0.0469

0.0469

 

5 Year Treasury

1.4189

99.969

0.2813

0.2821

 

10 Year Treasury

2.5037

93.672

0.5000

0.5366

 

30 Year Treasury

3.5455

87.828

0.6875

0.7890

 

ENERGY

 

 

 

 

 

Crude Oil, Brent Index

Brent Crude

102.640

0.9800

0.9640

9.6663

Crude Oil, Louisiana Lt. Sweet

LA Lt Sweet

104.500

1.4000

1.3579

11.5000

Natural Gas, Henry Hub Index

Nat Gas

3.590

-0.1470

-3.9336

3.4521

PRECIOUS METALS

 

 

 

 

 

Spot Gold $/oz

GOLD

1199.290

-27.3600

-2.2305

-21.7698

Spot Silver $/oz

SILVER

18.485

-0.0510

-0.2751

-30.0037

CURRENCIES

 

 

 

 

 

Euro

EUR Curncy

0.767

-0.0017

-0.2212

-4.1895

Japanese Yen

JPY Curncy

98.340

0.6000

0.6139

-19.0002

British Pound

GBP Curncy

0.655

0.0023

0.3522

2.2727

Swiss Franc

CHF Curncy

0.945

0.0018

0.1909

1.7212

Canadian Dollar

CAD Curncy

1.048

0.0009

0.0860

-2.2044

Chinese Renminbi

CNY Curncy

6.149

0.0020

0.0325

3.4087

FOREIGN INDICIES

 

 

 

 

 

FTSE 100 INDEX

UK

6243.400

77.9200

1.2638

13.1043

CAC 40 INDEX

FRANCE

3762.190

36.1500

0.9702

22.8463

DAX INDEX

GERMANY

7990.750

49.7600

0.6266

28.2930

NIKKEI 225 INDEX

JAPAN

13213.550

379.5400

2.9573

51.3495

HANG SENG INDEX

HONG KONG

20440.080

101.5300

0.4992

6.5867

SHANGHAI COMP INDEX

CHINA

1950.012

-1.4830

-0.0760

-12.0402

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

225-342-0013

jbroussard@treasury.state.la.us

 

It's The Economy Stupid: Pending Home Sales Jump!

Economic Event

Period

Economic Survey

Actual Reported

Original Prior

Revised Prior

Pending Home Sales MoM

MAY

1.00%

6.70%

0.30%

-0.50%

Pending Home Sales YoY

MAY

8.30%

12.50%

13.90%

12.90%

 

To all those economic naysayers out there.  Wake up and smell the coffee.

 

 

Economic Event

Period

Economic Survey

Actual Reported

Original Prior

Revised Prior

Personal Income

MAY

0.2%

0.5%

0.0%

0.1%

Personal Spending

MAY

0.3%

0.3%

-0.2%

-0.3%

PCE Deflator MoM

MAY

0.1%

0.1%

-0.3%

 

PCE Deflator YoY

MAY

1.1%

1.0%

0.7%

 

PCE Core MoM

MAY

0.1%

0.1%

0.0%

 

PCE Core YoY

MAY

1.1%

1.1%

1.1%

 

Initial Jobless Claims

JUN 22

345K

346K

354K

355K

Continuing Claims

JUN 15

2953K

2965K

2986K

2966K

Bloomberg Consumer Comfort

JUN 23

 

-28.3

-29.4

 

Pending Home Sales MoM

MAY

1.00%

6.70%

0.30%

-0.50%

Pending Home Sales YoY

MAY

8.30%

12.50%

13.90%

12.90%

Kansas City Fed Manf Activity

JUN

3

 

2

 

 

 

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

225-342-0013

jbroussard@treasury.state.la.us