M Notes: Mon, 11-9
| Weekly Close: 11-6-26 | + (-) | % | |
|---|---|---|---|
| Dow30 | 51,286 | -484 | -0.9% |
| S&P500 | 7,377 | -203 | -2.7% |
| Nasdaq | 24,579 | -858 | -3.4% |
| R2000 | 2,754 | -58 | -2.1% |
| 10-year | 4.86 | -0.07 | -1.4% |
| Oil | 90.34 | -13.78 | -13.2% |
LAST WEEK:
Markets: Election disruption. It was a bumpy ride this week, as Markets tried to digest how changes in Washington will impact Business and the Economy.
S&P roller coaster last week: Down, Up, Up significantly, Down really significantly, and Up.
Fed Balance Sheet: $6.75 Trillion.
ISM: the Institute for Supply Management’s Manufacturing index rose from 54.5 up to 55.5 in October. Their Services index dropped from 54.9 down to 54.5. Numbers above 50 imply an economic expansion.
Jobs: It surprised. In September the number was only 29,000. The consensus for was for 62,000 in October. The number came in at 165,000.
Metals: Gold: $4,080. Silver: $52.
National Debt: $40.51 Trillion.
Unemployment: The U3 Unemployment rate dropped from 4.2% to 4.1%.
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THIS WEEK:
Focus of the week: Inflation. October Consumer Inflation is expected to drop from +0.6%, down to +0.3%. October Wholesale Inflation is expected to drop from +1.3%, down to +0.4%.
Calendar: CPI (Tue); Existing Home Sales (Thu); and PPI (Fri).
Earnings: Some of the companies reporting this week: Allianz, Applied Materials, Cisco, and Siemens.
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* 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.