Thursday, December 12, 2013

It's The Economy Stupid: Market Close

Dang! The Russians are up again today.  Europe and Asia stocks sold off.  U.S. stocks sold off early, rallied late, limped towards the finish line and tripped right at the end.  Definitely a face plant.

 

Brent Crude Oil was off, Natural Gas was up, Gold and Silver led commodities lower and Treasuries fell while the dollar gained versus most peers as growth in retail sales added to the speculation that the Federal Reserve will slow stimulus.  U.S. stocks rallied in the afternoon and trimmed larger earlier losses, but still ended trading down on the day.  Gold lost more than 2 percent and silver sank more than 4 percent while Treasury 10-year yields added three basis points to 2.88 percent.  It sure looks and feels like the 10-year is headed to 3 percent. 

 

Technically speaking, 1776 on the S&P 500 is supposed to be a support area, so traders will be watching tomorrow’s action closely.  The S&P 500 closed at 1775.50, -6.72, down .38 percent today.  If it breaks down from here it could get ugly (like the last couple of days have been a thing of beauty).  For the record, stocks fell a third day, sending the S&P 500 to a one-month low, -1.68% for December. 

 

Data today showed retail sales rose more than forecast in November as Americans bought cars and took advantage of discounts going into the holiday-shopping season. A separate report indicated applications for unemployment benefits jumped last week from an almost three-month low. The Bloomberg Consumer Comfort Index advanced for a third straight week indicating Americans grew more optimistic about the economy.

 

Description

Ticker

Last

Change

% Chg Today

% Chg 1Year

 

STOCK MARKETS

 

 

 

 

 

 

Dow Jones Industrial Average

INDU Index

15739.430

-104.1000

-0.6571

19.1502

 

S&P 500 Index

SPX Index

1775.500

-6.7200

-0.3771

24.5422

 

NASDAQ 100 Index

NDX Index

3460.292

-8.7020

-0.2509

29.7989

 

NASDAQ Composite Index

CCMP Index

3998.403

-5.4100

-0.1351

33.0796

 

Russell 3000 Index

RAY Index

1062.780

-2.8300

-0.2656

26.1079

 

Russell 1000 Index (Large Cap)

RIY Index

989.020

-2.9900

-0.3014

25.5131

 

Russell 2000 Index (Small Cap)

RTY Index

1103.270

1.7700

0.1607

33.4619

 

Wilshire 5000 Total Market

W5000 Index

18871.870

-46.7800

-0.2473

26.5139

 

TREASURIES

% Yield

 

 

 

 

 

3 Month Treasury

0.0710

 

0.0000

0.0000

 

 

6 Month Treasury

0.0913

 

-0.0050

-5.5556

 

 

2 Year Treasury

0.3259

99.859

-0.0313

-0.0313

 

 

5 Year Treasury

1.5338

98.641

-0.1641

-0.1660

 

 

10 Year Treasury

2.8828

98.859

-0.2500

-0.2522

 

 

30 Year Treasury

3.9020

97.375

-0.2344

-0.2401

 

 

ENERGY

 

 

 

 

 

 

Crude Oil, Brent Index

Brent Crude

108.550

-1.1500

-1.0483

5.8026

 

Crude Oil, Louisiana Lt. Sweet

LA Lt Sweet

101.950

-0.0900

-0.0882

-7.5800

 

Natural Gas, Henry Hub Index

Nat Gas

4.367

0.0300

0.6917

9.5380

 

PRECIOUS METALS

 

 

 

 

 

 

Spot Gold $/oz

GOLD

1227.100

-25.1500

-2.0084

-28.3341

 

Spot Silver $/oz

SILVER

19.497

-0.8053

-3.9665

-41.7078

 

CURRENCIES

 

 

 

 

 

 

Euro

EUR Curncy

0.727

0.0017

0.2344

-4.8895

 

Japanese Yen

JPY Curncy

103.300

0.8600

0.8395

-19.3998

 

British Pound

GBP Curncy

0.612

0.0010

0.1638

-1.2270

 

Swiss Franc

CHF Curncy

0.889

0.0030

0.3384

4.1137

 

Canadian Dollar

CAD Curncy

1.064

0.0049

0.4627

-7.4805

 

Chinese Renminbi

CNY Curncy

6.070

-0.0019

-0.0313

3.0189

 

FOREIGN INDICIES

 

 

 

 

 

 

EURO STOXX 600 INDEX

EUROPE

310.240

-3.0600

-0.9767

10.5473

 

EURO STOXX TOTAL MARKET

EUROPE

303.560

-2.9900

-0.9754

10.9949

 

FTSE 100 INDEX

UK

6445.250

-62.4700

-0.9599

8.3991

 

CAC 40 INDEX

FRANCE

4069.120

-17.7400

-0.4341

11.5849

 

DAX INDEX

GERMANY

9017.000

-60.1100

-0.6622

18.4143

 

NIKKEI 225 INDEX

JAPAN

15341.820

-173.2400

-1.1166

57.4694

 

HANG SENG INDEX

HONG KONG

23218.120

-120.1200

-0.5147

3.4418

 

TEL AVIV 100 INDEX

ISRAEL

2202.796

-1.3700

-0.0622

6.8553

 

SHANGHAI COMP INDEX

CHINA

2202.796

-1.3700

-0.0622

6.8553

 

RUSSIAN RTS INDEX

RUSSIA

1394.190

0.6200

0.0445

-7.4802

 

 

Last

Chg Today

% Chg Today

3 Mo Tot Ret

6 Mo Tot Ret

YTD Tot Ret

S&P 500 INDEX

1775.500

-6.720

-0.3771

6.2330

11.508

27.320

S&P 500 CONSUMER DISCRETION

507.980

-2.027

-0.3974

7.8215

17.045

37.515

S&P 500 CONSUMER STAPLES

434.040

-5.920

-1.3456

5.5894

6.093

23.588

S&P 500 ENERGY

625.690

2.960

0.4753

3.4749

9.165

20.502

S&P 500 FINANCIALS

283.640

-0.020

-0.0071

5.5841

9.848

30.888

S&P 500 HEALTH CARE

620.800

-5.060

-0.8085

6.1423

13.749

37.142

S&P 500 INDUSTRIALS

428.260

0.220

0.0514

8.7807

17.004

33.244

S&P 500 INFO TECHNOLOGY

557.930

-3.900

-0.6942

8.3080

13.193

22.739

S&P 500 MATERIALS

275.260

-0.470

-0.1705

5.3685

12.259

18.653

S&P 500 TELECOM SERVICES

151.320

-0.560

-0.3687

1.2439

-1.786

8.544

S&P 500 UTILITIES

189.350

0.180

0.0952

2.9920

3.020

11.079

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

“The early bird gets the worm, but the second mouse gets the cheese.” ~ Jon Hammond

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

225-342-0013

jbroussard@treasury.state.la.us

 

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