Welcome Stockaholics to the trading week of August 8th! This past week saw the following moves in the S&P: Bird's Eye view of the Markets on Friday: Economic Calendar for the Week Ahead: Sector Performance WTD, MTD, YTD: What to Watch in the Week Ahead: Monday Earnings: Dean Foods, Tyson Foods, Sotheby's, News Corp, Chemours, Clovis Oncology, Nuance Communications, Rackspace Tuesday Earnings: Disney, SolarCity, Coach, Valeant, Norwegian Cruise Line, Red Robin Gourmet Burgers, Scripps Networks, Mylan Laboratories, WageWorks, Yelp, CyberArk 6 a.m. NFIB survey 8 a.m. Productivity and costs 10 a.m. Wholesale trade 1 p.m. $24 billion three-year note auction Wednesday Earnings: Michael Kors, Ralph Lauren, Wendy's, Shake Shack, Blue Buffalo, Flowers Foods 10 a.m. JOLTS 1 p.m. $24 billion 10-year note auction 2 p.m. Federal budget Thursday Earnings: Alibaba, Macy's, Kohl's, Nordstrom, Petrobras, Planet Fitness, Ruby Tuesday 8:30 a.m. Initial claims 8:30 a.m. Import prices 1 p.m. $15 billion 30-year auction Friday 8:30 a.m. Retail sales 8:30 a.m. PPI 10 a.m. Consumer sentiment 10 a.m. Business inventories
Stocks Soar To Record Highs Thanks To Biggest Seasonal Jobs Adjustment In A Decade Jobs beat yuuge, "proving" everying is awesome... Thanks to the biggest positive TTM seasonal adjustment in over a decade... But don't let that spoil the party... It's payrolls buying day... Post-payrolls, Gold was the biggest loser followed by bonds as stocks surged happily... Today's surge pushed all major indices into the green for the week... NASDAQ RECORD HIGH CLOSE (Nasdaq July 2015 highs 5218.86) FANG stocks surged over 9% in the last 6 days Mega short-squeeze at the open lifted the indices but after that buying ended... S&P breaks out to new record highs... VIX plunged to its lowest levels since July 2014 (barely holding above a 10 handle)... Bristol-Myers' crashed by the most in 16 years... Banks were bid because rates rose BUT the curve actually flattened and rate-hike odds barely budged... Treasury yields exploded higher today (with the curve steeper by 4-6bps on the week, despite a small flattening today)... Just as we warned, today's big pain was in the 2Y which exploded 8bps higher (its biggest absolute rise since Dec 2015 (which marked the cycle high) The USD Index spiked today on the payrolls print (up 4 of the 5 days this week) - this is the 6th weekly rise of the last 7 weeks...Cable was the weakest of the majors on the week USD strength sent commodities lower overall with silver worst on the day. Crude scrambled back to unch on the week as NYMEX closed... It's been another crazy week in oil markets... Gold and Silver were clubbed like baby seals today... Charts: Bloomberg Bonus Chart: S&P 500 Fwd EPS hits 189.5x - 15 year highs... probably nothing...
ER due out before the open on Monday morning: $AGN $HZNP $TSN $DF $INO $NAT $EBIX $EMES $EPZM $CMRX $BETR $BID $ON
Stockaholics come join us in our weekly market poll and vote where you think the markets end this week! Weekly SPX Poll - Sentiment (8/8-8/12) <-- click there! in addition we have our weekly stock picks challenge here- Stockaholics Weekly Big Board Contest for the Week of (8/8-8/12) <-- click there! it would be great to see all of you regulars here at stockaholics participate!
This weeks market Wrap and Sector watch > Nice strong close for the week! Looking good for the Bulls heading into next week.
#ES_F $ES_F $SPY levels to watch 2186 / / 2174.50 / / 2162.75 #GC_F $GC_F #Gold levels to watch 1351.1 / / 1341.9 / / 1332.7 #CL__F $CL_F #crudeoil levels to watch 43.12 / / 42.30 / / 41.49
