Market Summary

Moving the Market

Sector Watch


  • 10 year note 2.86
  • Dow logs highest close since February on optimism over trade talks.
Strong: Weak:
Real Estate
Consumer Staples




WEEK 33:  08/13 - 08/17

  • Dow Industrials: 25,669.32 +356.18
  • S&P 500: 2,850.13  +16.85
  • NASDAQ Composite: 7,816.33 -22.78
  • NYSE AMEX Composite: 2,606.72 -60.70
  • NYSE Composite: 12,908.27  +64.77
  • 10-year Treasury: 2.86%   -0.01


Select Economic Indicators
Stock Market Valuation Impact

Period:  08/13 - 08/17  

  • Import/Export Prices / 0.0% / -0.5%
    Negative (July prices for exports were far below the consensus forecast showing sharp declines for agricultural products.)
  • Retail Sales 0.5%
    Positive (The July period reflects strength in consumer spending and the labor market underpinning the strong economy.)
  • Empire State Manufacturing Survey +3.0 to 25.6
    Positive (Orders for so far during August have been strong and above projections.)
  • Productivity/Costs / +2.9%/-0.9%
    Positive (A large increase in productivity for businesses measured for Q2 coupled with a decline in labor costs.)
  • Industrial Production +0.1%
    Neutral (At the bottom of consensus range, but there was a decent +0.3% gain for the manufacturing sector.)
  • Treasury International Capital Flows -36.5B
    Negative (There was a large amount of selling of U.S. Treasury securities and stocks by foreign parties during June.)
  • Housing Starts +0.9%
    Neutral (Below expectations for July due to current capacity restraints in construction.  Offsetting this was a good gain in single family housing permits.)
  • Phila. Fed Business Outlook Survey -13.8 to 11.9
    Negative (New orders were well below consensus outlook for the beginning of August, suggesting economic growth will slow in the future.)
  • Consumer Sentiment -2.6 to 95.3
    Negative (A soft report to start August that suggests consumer spending may end up being weaker for August.)
  • Leading Indicators +0.6%
    Positive (July's release shows continuing strength and came in at the high-end of consensus.)

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