Monday, January 13, 2014

It's The Market Stupid: Market Close / Ugly Day

Okay, U. S. Stocks were down.  Down, down, down, down, down.  Pick a U.S. stock index.  It was down.   Today was a good day to have been invested internationally.  Gold was up.  Silver was up.  Crude Oil was not.  Natural gas was up. 

 

In the U.S. stocks fell the most in 2 months.  Investors weighed analysts’ comments on equity valuations and Fed stimulus prospects. The dollar slid to a three-week low against the yen and Treasuries rallied.   The problem with that the analysts see is that sales revenue estimates for companies are not growing like a roaring stock market needs them to.  If that turns out to be true, then that will be a problem for stock market returns.  Federal Reserve Bank of Atlanta President Dennis Lockhart said the U.S. economy is on “solid footing” and he would support continued cuts to stimulus.  On the other hand economists surveyed by Bloomberg think tomorrow’s retail-sales data will show sales growth slowed and are saying that may boost the case against faster cuts to the Fed’s bond-buying program.   Hmmm, on the one had you have a guy that is actually part of the Fed, on the other hand you have economists.  Will Rogers once said, “An economist is just as likely to be right as anyone else.”  Not exactly a rousing endorsement…

 

Description

Ticker

Last

Change

% Chg Today

% Chg 1Year

 

U.S. STOCK MARKET

 

 

 

 

 

 

Dow Jones Industrial Average

INDU Index

16257.940

-179.1100

-1.0897

20.5325

 

S&P 500 Index

SPX Index

1819.200

-23.1700

-1.2576

23.5787

 

NASDAQ 100 Index

NDX Index

3512.797

-52.2850

-1.4666

27.8189

 

NASDAQ Composite Index

CCMP Index

4113.305

-61.3600

-1.4698

31.5990

 

Russell 3000 Index

RAY Index

1092.090

-14.2400

-1.2871

24.8323

 

Russell 1000 Index (Large Cap)

RIY Index

1015.180

-13.1300

-1.2769

24.3709

 

Russell 2000 Index (Small Cap)

RTY Index

1148.060

-16.4700

-1.4143

30.3466

 

Russell Mid Cap Index

RMC Index

1477.270

-20.6400

-1.3779

27.1789

 

Wilshire 5000 Total Market

W5000 Index

19424.360

-249.6500

-1.2689

25.1337

 

FOREIGN STOCKS

 

 

 

 

 

 

FTSE ALL-WORLD INDEX

 

266.300

-0.9600

-0.3592

15.4400

 

FTSE ALL-WORLD EX U.S. INDEX

 

278.920

1.3500

0.4864

8.5493

 

FTSE ALL-WORLD DEVELOPED IDX

 

257.810

-1.1700

-0.4518

18.6962

 

FTSE ALL-WORLD DEVL EX U.S.

 

262.140

1.2000

0.4599

13.3512

 

FTSE ALL-WORLD DEVL EUROPE

 

256.200

0.2400

0.0938

17.0398

 

FTSE ALL-WORLD DEVL ASIA-PAC

 

245.620

1.6100

0.6598

10.8444

 

FTSE ALL-WORLD EMERGING MKTS

 

479.960

2.8800

0.6037

-10.2345

 

EURO STOXX 600 INDEX

EUROPE

330.720

0.7700

0.2334

15.2013

 

EURO STOXX TOTAL MARKET

EUROPE

324.000

0.7700

0.2382

15.7019

 

FTSE 100 INDEX

UK

6757.150

17.2100

0.2553

10.3825

 

CAC 40 INDEX

FRANCE

4263.270

12.6700

0.2981

15.0364

 

DAX INDEX

GERMANY

9510.170

36.9300

0.3898

23.2601

 

NIKKEI 225 INDEX

JAPAN

15912.060

31.7300

0.1998

47.3125

 

HANG SENG INDEX

HONG KONG

22888.760

42.5100

0.1861

-2.2402

 

TEL AVIV 100 INDEX

ISRAEL

2009.564

-3.7340

-0.1855

-13.0714

 

SHANGHAI COMP INDEX

CHINA

2009.564

-3.7340

-0.1855

-13.0714

 

RUSSIAN RTS INDEX

RUSSIA

1399.530

-2.2900

-0.1634

-10.9561

 

TREASURIES

% Yield

 

 

 

 

 

3 Month Treasury

0.0355

 

-0.0050

-14.2857

 

 

6 Month Treasury

0.0558

 

-0.0050

-9.0909

 

 

2 Year Treasury

0.3540

99.789

0.0234

0.0235

 

 

5 Year Treasury

1.5871

99.586

0.1563

0.1571

 

 

10 Year Treasury

2.8248

99.359

0.2813

0.2839

 

 

30 Year Treasury

3.7726

99.594

0.4844

0.4887

 

 

ENERGY

 

 

 

 

 

 

Crude Oil, Brent Index

Brent Crude

106.510

-0.7400

-0.6900

2.5115

 

Crude Oil, Louisiana Lt. Sweet

LA Lt Sweet

99.900

0.1800

0.1805

-8.8200

 

Natural Gas, Henry Hub Index

Nat Gas

4.303

0.2500

6.1683

6.8340

 

PRECIOUS METALS

 

 

 

 

 

 

Spot Gold $/oz

GOLD

1253.710

5.2600

0.4213

-24.5947

 

Spot Silver $/oz

SILVER

20.394

0.2360

1.1708

-33.0625

 

CURRENCIES

 

 

 

 

 

 

Euro

EUR Curncy

0.731

-0.0001

-0.0137

-2.1274

 

Japanese Yen

JPY Curncy

102.940

-1.2400

-1.1903

-13.0925

 

British Pound

GBP Curncy

0.610

0.0034

0.5604

-1.8971

 

Swiss Franc

CHF Curncy

0.899

-0.0032

-0.3546

2.4903

 

Canadian Dollar

CAD Curncy

1.085

-0.0041

-0.3765

-9.3531

 

Chinese Renminbi

CNY Curncy

6.045

-0.0070

-0.1157

2.9817

 

 

Last

Chg Today

% Chg Today

3 Mo Tot Ret

6 Mo Tot Ret

YTD Tot Ret

S&P 500 INDEX

1819.200

-23.170

-1.2576

7.3478

9.405

-1.521

S&P 500 CONSUMER DISCRETION

516.140

-10.236

-1.9445

7.6088

9.773

-2.627

S&P 500 CONSUMER STAPLES

434.200

-2.790

-0.6385

4.6535

2.851

-1.884

S&P 500 ENERGY

629.630

-12.200

-1.9008

3.0863

5.353

-3.379

S&P 500 FINANCIALS

292.710

-4.410

-1.4843

7.3940

7.628

-0.600

S&P 500 HEALTH CARE

651.990

-5.270

-0.8018

10.4188

13.831

1.558

S&P 500 INDUSTRIALS

444.250

-5.080

-1.1306

10.2924

16.515

-1.811

S&P 500 INFO TECHNOLOGY

572.920

-5.850

-1.0108

9.6530

12.783

-2.088

S&P 500 MATERIALS

284.170

-4.080

-1.4154

6.5453

13.824

-2.466

S&P 500 TELECOM SERVICES

148.530

-1.650

-1.0987

-0.5156

-4.724

-3.480

S&P 500 UTILITIES

192.610

-1.780

-0.9157

0.4214

0.029

-0.312

 

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

“Veni, vidi, vici, vino - I came, I saw, I conquered, I partied.”  ~ Julius Caesar’s black sheep brother

 

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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