Friday, January 31, 2014

It's The Economy Stupid: Market Close

Well, it wasn’t as bad as it once was.  The markets opened in a rout this morning, rallied this afternoon, then settled down less than 1%.  It wasn’t a pretty journey.

 

U.S. stocks extended their January slide, sending the Standard & Poor’s 500 Index to its worst January since 2010, as

earnings reports at Amazon.com Inc. and Mattel Inc. disappointed investors and turmoil in emerging markets continued. As bad as the close was, it was worse earlier.  The S&P 500 trimmed losses after slumping as much as 1.2 percent today to 1,772.26, approaching its lowest level since Dec. 18.  So it tested its recent low and bounced back.  It could have been much worse.  The S&P 500 fell 3.6 percent in January, its first monthly decline since August, as emerging-market currencies slumped amid signs China’s economy is slowing.  All is not doom and gloom.  The S&P 500 last fell to start the year in 2010, when the gauge rallied 17 percent in the next 11 months to finish the year with a 13 percent gain.  So there is hope for 2014

 

About 79 percent of the companies in the S&P 500 that have posted earnings this season exceeded analysts’ projections.  Profit at S&P 500 companies probably rose 8.3 percent in the fourth quarter of 2013, but sales revenue only increased 2.6 percent.  And if China’s and emerging markets economies falter, corporate revenue isn’t likely to get a remarkably better.

 

Crude Oil and Natural Gas sold off, Gold and Silver rose slightly, currencies were all over the place with emerging markets in turmoil.

 

As to the Super Bowl, I like the Manning family, always have, always will, so I am pulling for Peyton.

 

Description

Ticker

Last

Change

% Chg Today

% Chg 1Year

YTD Tot Ret

U.S. STOCK MARKET

 

 

 

 

 

 

Dow Jones Industrial Average

INDU Index

15698.85

-149.760

-0.945

13.263

-5.186

S&P 500 Index

SPX Index

1782.58

-11.610

-0.647

18.860

-3.563

NASDAQ 100 Index

NDX Index

3521.92

-10.487

-0.297

28.936

-1.910

NASDAQ Composite Index

CCMP Index

4103.88

-19.246

-0.467

30.608

-1.683

Russell 3000 Index

RAY Index

1072.27

-6.760

-0.626

20.116

-3.258

Russell 1000 Index (Large Cap)

RIY Index

996.48

-6.180

-0.616

19.685

-3.290

Russell 2000 Index (Small Cap)

RTY Index

1130.86

-8.500

-0.746

25.240

-2.863

Russell Mid Cap Index

RMC Index

1461.89

-7.070

-0.481

21.653

-2.019

Wilshire 5000 Total Market

W5000 Index

19105.24

-112.980

-0.588

20.733

-3.049

FOREIGN STOCKS

 

 

 

 

 

 

FTSE ALL-WORLD INDEX

 

258.06

-1.280

-0.494

10.236

-4.032

FTSE ALL-WORLD EX U.S. INDEX

 

267.31

-0.990

-0.369

2.887

-4.533

FTSE ALL-WORLD DEVELOPED IDX

 

250.15

-1.390

-0.553

13.332

-3.785

FTSE ALL-WORLD DEVL EX U.S.

 

251.34

-1.200

-0.475

7.287

-4.116

FTSE ALL-WORLD DEVL EUROPE

 

246.76

-2.060

-0.828

10.759

-3.826

FTSE ALL-WORLD DEVL ASIA-PAC

 

234.27

0.340

0.145

4.561

-4.537

FTSE ALL-WORLD EMERGING MKTS

 

459.03

0.690

0.151

-14.474

-6.552

EURO STOXX 600 INDEX

EUROPE

322.52

-0.800

-0.247

12.290

-1.633

EURO STOXX TOTAL MARKET

EUROPE

315.98

-0.790

-0.249

12.765

-1.601

FTSE 100 INDEX

UK

6510.44

-28.010

-0.428

3.721

-3.451

CAC 40 INDEX

FRANCE

4165.72

-14.300

-0.342

11.604

-3.009

DAX INDEX

GERMANY

9306.48

-67.000

-0.715

19.681

-2.572

NIKKEI 225 INDEX

JAPAN

14914.53

-92.530

-0.617

33.269

-8.445

HANG SENG INDEX

HONG KONG

22035.42

-106.190

-0.480

-7.139

-5.453

TEL AVIV 100 INDEX

ISRAEL

2033.08

-16.831

-0.821

-14.771

-3.917

SHANGHAI COMP INDEX

CHINA

2033.08

-16.831

-0.821

-14.771

-3.917

RUSSIAN RTS INDEX

RUSSIA

1301.07

0.050

0.004

-19.793

-19.793

TREASURIES

% Yield

 

 

 

 

 

3 Month Treasury

0.0203

 

0.000

0.000

 

 

6 Month Treasury

0.0558

 

-0.005

-9.091

 

 

2 Year Treasury

0.3317

100.09

0.023

0.023

 

 

5 Year Treasury

1.4951

100.04

0.207

0.207

 

 

10 Year Treasury

2.6494

100.89

0.422

0.420

 

 

30 Year Treasury

3.6027

102.72

0.625

0.612

 

 

ENERGY

 

 

 

 

 

 

Crude Oil, Brent Index

Brent Crude

106.36

-1.590

-1.473

-0.654

 

Crude Oil, Louisiana Lt. Sweet

LA Lt Sweet

102.79

0.260

0.254

-11.270

 

Natural Gas, Henry Hub Index

Nat Gas

4.88

-0.128

-2.554

21.998

 

PRECIOUS METALS

 

 

 

 

 

 

Spot Gold $/oz

GOLD

1244.39

0.470

0.038

-25.211

 

Spot Silver $/oz

SILVER

19.17

0.013

0.065

-39.048

 

CURRENCIES

 

 

 

 

 

 

Euro

EUR Curncy

0.74

0.004

0.488

0.665

 

Japanese Yen

JPY Curncy

102.10

-0.630

-0.613

-10.202

 

British Pound

GBP Curncy

0.61

0.002

0.264

-3.552

 

Swiss Franc

CHF Curncy

0.91

0.004

0.388

0.419

 

Canadian Dollar

CAD Curncy

1.11

-0.003

-0.287

-10.396

 

Chinese Renminbi

CNY Curncy

6.06

0.003

0.041

2.553

 

 

 

 

 

 

 

 

 

Last

Chg Today

% Chg Today

3 Mo Tot Ret

6 Mo Tot Ret

YTD Tot Ret

S&P 500 INDEX

1782.580

-11.61

-0.647

1.885

6.726

-3.563

S&P 500 CONSUMER DISCRETION

498.480

-6.42

-1.272

-0.376

6.806

-5.913

S&P 500 CONSUMER STAPLES

419.150

-1.83

-0.435

-3.073

-0.157

-5.133

S&P 500 ENERGY

610.440

-9.19

-1.483

-2.531

1.593

-6.297

S&P 500 FINANCIALS

283.730

-3.28

-1.143

2.947

3.764

-3.614

S&P 500 HEALTH CARE

647.900

-5.30

-0.811

6.561

10.665

0.934

S&P 500 INDUSTRIALS

431.970

-2.16

-0.498

3.126

11.718

-4.483

S&P 500 INFO TECHNOLOGY

570.330

1.30

0.228

5.559

13.004

-2.515

S&P 500 MATERIALS

278.040

-1.68

-0.601

1.328

10.260

-4.570

S&P 500 TELECOM SERVICES

149.050

0.20

0.134

-5.872

-2.538

-3.142

S&P 500 UTILITIES

198.770

1.62

0.822

1.975

1.739

2.998

 

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

Life is good!  The alternative?  Not so much.

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

225-342-0013

jbroussard@treasury.state.la.us