facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast phone blog external search brokercheck brokercheck Play Pause
M Notes:  Mon, 3-6 Thumbnail

M Notes: Mon, 3-6

Week Close:
+ (-) %
Dow 33,391 +734 +2.2%
S&P 4,046 +76 +1.9%
Nasdaq 11,689 +233 +2.0%
10-year 3.96 +0.01 +1.3%
Oil 79.85 +3.53 +3.6%


Markets:  A strong Friday brings in a solid week.

S&P roller coaster last week:  Up, down, down, up, and up a lot.  

Fed Balance Sheet:   $8.34 trillion (down $42 billion).   

Durable goods orders:   They went down -4.5% in January and are up 3% YOY.

ISM:  While their manufacturing index missed expectations, it did rise from 47.4 up to 47.7 in February.  Their services index beat expectations, only falling a touch from 55.2 down to 55.1.

Jobless claims:  The weekly number came in at 190,000.  The four-week average remains at 193,000.

Radio:  Last week Bill was out of town.  You can normally hear Bill and I discuss Markets most Friday mornings at 6:38am, 7:38am, and 8:38am 1100 AM, WTAM. 



Focus of the week:  It will come on Friday morning when we get the new jobs and unemployment data.  Coming off a huge 517,000 number from January, expectations are for 215,000 new jobs in February.  The unemployment rate is expected to remain at 3.4%.  It will be interesting to see if there is any adjustment to last month’s huge jobs number.  

Earnings:  Some of the companies reporting this week:   Adidas, Campbell Soup, Oracle, and Prudential.

Economic calendar:  Factory orders (Mon); the ADP employment report. The Beige Book, the trade deficit (Wed); jobless claims (Thu); and the new jobs and unemployment data (Fri).