M Notes: Mon, 10-21
| Week Close: 10-18-24 | + (-) | % | |
|---|---|---|---|
| Dow | 43,276 | +412 | +1.0% |
| S&P | 5,865 | +50 | +0.9% |
| Nasdaq | 18,489 | +146 | +0.8% |
| 10-year | 4.08 | -0.02 | -0.5% |
| Oil | 69.34 | -6.22 | -8.2% |
LAST WEEK:
Markets: They continued their upward creep.
S&P roller coaster last week: Up, Down, Up, Down a touch, and Up.
Fed Balance Sheet: $7.039 Trillion (last week… down -8 Billion). Reminder: their balance sheet was closer to $4 Trillion before the Pandemic.
Housing: Starts were down -0.5% in September and are down -0.7% Y/Y.
Industrial production: It was down -0.3% in September.
Jobless claims: The weekly number came in at 241,000. The four-week average came in at 236,000.
National Debt: $35.204 Trillion (last week… up +$19 Billion).
Retail sales: They went up +0.4% in September and are up +1.7% Y/Y.
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THIS WEEK:
Focus of the week: It’s a relatively light week for economic news, so the focus of Markets this week will be the pending Presidential election.
Calendar: Existing home sales (Wed); new home sales, jobless claims (Thu); and durable goods orders (Fri).
Earnings: A new Earnings season continues. Some of the companies reporting this week: Alphabet, Amazon, AT&T, Boeing, Coca-Cola, GE Aerospace, IBM, Lockheed Martin, Mastercard, Philip Morris, Sherwin Williams, Tesla, TMobile, Union Pacific, UPS, and Verizon.