M Notes: Mon, 11-10
| Weekly Close: 11-7-25 | + (-) | % | |
|---|---|---|---|
| Dow30 | 46,987 | -576 | -1.2% |
| S&P500 | 6,729 | -116 | -1.6% |
| Nasdaq | 23,004 | -721 | -3.0% |
| 10-year | 4.09 | -0.01 | -0.2% |
| Oil | 59.85 | -1.13 | -1.9% |
LAST WEEK:
Markets: A touch lower last week. Quite possibly due to the Shutdown.
S&P roller coaster last week: Up, Down a lot, Up, Down a lot, and Up.
Durable Goods Orders: Delayed due to the Shutdown.
Factory Orders: Delayed due to the Shutdown.
Fed Balance Sheet: $6.573 Trillion.
ISM: The Institute for Supply Management’s Manufacturing index moved from 49.1 (September) down to 48.7 in October. Their Services index rose from 50.0 (September) up to 52.4 in October. A number (and Trend) below 50 implies a Contraction of the economy. A number (and Trend) above 50 implies an Expansion of the economy.
Jobless Claims: The numbers were not reported, due to the Government Shutdown.
Jobs: Delayed due to the Shutdown. We might get an idea of what this could have been from the ADP Employment Report. That moved from -32,000 jobs in September, up to +42,000 in October.
National Debt: $37.976 Trillion.
Shutdown: Late last night (Sunday), the Senate got past the procedural vote, meaning no Filibuster. The Senate should pass it the actual CR today, and then it moves back to the House. The House will likely vote on it this Wednesday or Thursday. If all goes well, the Shutdown could be over later this week. Until the end of January.
Trade Deficit: Delayed due to the Shutdown.
--------------------
THIS WEEK:
Focus of the week: Now that the Shutdown appears to be nearing an end, will Markets resume their upward climb? Monday’s early numbers seem to say… yes. Focus this week should be Inflation. Consumer Inflation is expected to climb a touch from 3.0% up to 3.1%.
Calendar: CPI, Jobless Claims (Thu); PPI, and Retail Sales (Fri).
Earnings: Some of the companies reporting this week: Allianz, Applied Materials, Cisco, Disney, Siemens, Sony, and Tencent.
--------------------
* The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is an unmanaged, market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. Yahoo! Finance, the Wall Street Journal, Investor’s Business Daily and Barron’s are several of the sources used for financial information.
* The National Debt figure comes from usdebtclock.org.
* Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Consult your financial professional before making any investment decision. You cannot invest directly in an index. Past performance does not guarantee future results. No strategy can assure a profit or protect against a loss. Investments in the securities markets involve risk, such as loss of your principal.