It's The Economy Stupid: Market Close

TGIF!  Well, it’s my Friday.

 

The stock market eked out a close on the upside.   Crude was down, Gold was down, Dollar was higher, and Bonds were all over the place today.  That about sums it up, not much more to say.  Oh, yeah, we didn’t launch any missiles today.  Yet.

 

Description	Ticker	Last	Change	% Chg Today	% Chg 1Year
STOCK MARKETS
Dow Jones Industrial Average	INDU Index	14840.950	16.4400	0.1109	13.2575
S&P 500 Index	SPX Index	1638.170	3.2100	0.1963	16.1462
NASDAQ 100 Index	NDX Index	3093.360	21.1860	0.6896	11.2260
NASDAQ Composite Index	CCMP Index	3620.303	26.9530	0.7501	17.5580
Russell 3000 Index	RAY Index	981.620	3.1200	0.3189	18.1397
Russell 1000 Index (Large Cap)	RIY Index	912.880	2.3400	0.2570	17.5456
Russell 2000 Index (Small Cap)	RTY Index	1026.940	10.4400	1.0271	25.4561
Wilshire 5000 Total Market	W5000 Index	17438.590	55.7400	0.3207	18.4970
TREASURIES	% Yield
3 Month Treasury	0.0253		-0.0050	-20.0000
6 Month Treasury	0.0558		-0.0050	-9.0909
2 Year Treasury	0.3947	99.961	0.0000	0.0000
5 Year Treasury	1.5995	99.492	-0.0234	-0.0236
10 Year Treasury	2.7544	97.766	0.0625	0.0640
30 Year Treasury	3.7039	98.531	0.5156	0.5261
ENERGY
Crude Oil, Brent Index	Brent Crude	114.380	-2.2300	-1.9124	7.0105
Crude Oil, Louisiana Lt. Sweet	LA Lt Sweet	112.300	-1.0500	-0.9263	0.7300
Natural Gas, Henry Hub Index	Nat Gas	3.611	0.0290	0.8096	4.9870
PRECIOUS METALS
Spot Gold $/oz	GOLD	1407.130	-10.3800	-0.7323	-15.0945
Spot Silver $/oz	SILVER	23.875	-0.4850	-1.9910	-22.4264
CURRENCIES
Euro	EUR Curncy	0.755	0.0055	0.7336	-5.3878
Japanese Yen	JPY Curncy	98.280	0.6400	0.6555	-19.8819
British Pound	GBP Curncy	0.645	0.0009	0.1397	2.0741
Swiss Franc	CHF Curncy	0.931	0.0088	0.9542	2.9759
Canadian Dollar	CAD Curncy	1.054	0.0049	0.4672	-6.0304
Chinese Renminbi	CNY Curncy	6.121	0.0003	0.0049	3.7971
FOREIGN INDICIES
FTSE 100 INDEX	UK	6483.050	52.9900	0.8241	12.8757
CAC 40 INDEX	FRANCE	3986.350	25.8900	0.6537	16.7686
DAX INDEX	GERMANY	8194.550	36.6500	0.4493	16.8885
NIKKEI 225 INDEX	JAPAN	13459.710	121.2500	0.9090	49.8223
HANG SENG INDEX	HONG KONG	21704.780	180.1300	0.8369	11.0054
SHANGHAI COMP INDEX	CHINA	2097.227	-4.0740	-0.1939	2.1749

 

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: Life Gets A Little Better Because College Football Starts Tonight

Life gets a little better today because college football starts tonight.  The South Carolina Gamecocks, led by Jadeveon Clowney (#7 in your program, #1 in the hearts of SC fans and pro scouts everywhere), the pride of ROCK HILL, SOUTH CAROLINA, plays one of those border wars football games against North Carolina.  Nice!  Geaux Cocks!

 

Oh yeah, Jobless Claims were released today.  So was GDP.  You know, some of that economic stuff.

 

Economic Event	Period	Economic Survey	Actual Reported	Original Prior	Revised Prior
Initial Jobless Claims	Aug 24	332K	331K	336K	337K
Continuing Claims	Aug 17	2988K	2989K	2999K	3003K
GDP Annualized QoQ	2Q S	2.2%	2.5%	1.7%	--
Personal Consumption	2Q S	1.7%	1.8%	1.8%	--
GDP Price Index	2Q S	0.7%	0.8%	0.7%	--
Core PCE QoQ	2Q S	0.8%	0.8%	0.8%	--
Bloomberg Consumer Comfort	Aug 25	--	--	-28.8	--

 

These are good numbers.  Jobless Claims are now well below 350K at 331K, and Continuing Claims are now below 3000K at 2989K.  These are good numbers.    GDP is up to 2.5%.  Personal Consumption is better than expected. 

 

Not bad, sometimes you just got to look at the glass as being half full.

 

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: Market Close

Yay!  We’re up!  At least until the rockets start flying in Syria…

 

Description	Ticker	Last	Change	% Chg Today	% Chg 1Year
STOCK MARKETS
Dow Jones Industrial Average	INDU Index	14824.900	48.7700	0.3301	13.1565
S&P 500 Index	SPX Index	1637.660	7.1800	0.4404	16.2358
NASDAQ 100 Index	NDX Index	3072.174	12.5960	0.4117	10.4122
NASDAQ Composite Index	CCMP Index	3593.350	14.8260	0.4143	16.7818
Russell 3000 Index	RAY Index	978.540	2.7900	0.2859	17.8692
Russell 1000 Index (Large Cap)	RIY Index	910.580	2.5900	0.2852	17.3049
Russell 2000 Index (Small Cap)	RTY Index	1016.500	3.0100	0.2970	24.8539
Wilshire 5000 Total Market	W5000 Index	17383.270	47.0300	0.2713	18.2219
TREASURIES	% Yield
3 Month Treasury	0.0304		-0.0350	-58.3333
6 Month Treasury	0.0609		-0.0050	-8.3333
2 Year Treasury	0.3947	99.961	-0.0391	-0.0391
5 Year Treasury	1.5820	99.031	-0.2891	-0.2910
10 Year Treasury	2.7763	97.625	-0.5625	-0.5729
30 Year Treasury	3.7479	97.828	-0.9688	-0.9805
ENERGY
Crude Oil, Brent Index	Brent Crude	115.890	1.5300	1.3379	7.9862
Crude Oil, Louisiana Lt. Sweet	LA Lt Sweet	113.350	1.5400	1.3773	2.2700
Natural Gas, Henry Hub Index	Nat Gas	3.567	0.0330	0.9338	5.6263
PRECIOUS METALS
Spot Gold $/oz	GOLD	1416.150	1.0600	0.0749	-15.0597
Spot Silver $/oz	SILVER	24.309	-0.1615	-0.6600	-21.3827
CURRENCIES
Euro	EUR Curncy	0.750	0.0029	0.3884	-5.8055
Japanese Yen	JPY Curncy	97.730	0.7100	0.7318	-19.6582
British Pound	GBP Curncy	0.644	0.0006	0.0933	1.8823
Swiss Franc	CHF Curncy	0.922	0.0043	0.4687	3.6547
Canadian Dollar	CAD Curncy	1.048	0.0010	0.0955	-5.7421
Chinese Renminbi	CNY Curncy	6.120	-0.0015	-0.0245	3.8234
FOREIGN INDICIES
FTSE 100 INDEX	UK	6430.060	-10.9100	-0.1694	11.3293
CAC 40 INDEX	FRANCE	3960.460	-8.2700	-0.2084	15.4132
DAX INDEX	GERMANY	8157.900	-84.6600	-1.0271	16.4968
NIKKEI 225 INDEX	JAPAN	13338.460	-203.9100	-1.5057	47.0644
HANG SENG INDEX	HONG KONG	21524.650	-350.1200	-1.6006	8.7735
SHANGHAI COMP INDEX	CHINA	2101.301	-2.2660	-0.1077	2.3410

 

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

225-342-0013

jbroussard@treasury.state.la.us