Market Summary

Moving the Market

Sector Watch


  • 10 year note 2.91
  • Stocks end higher on trade optimism.
Strong: Weak:
Consumer Discretionary
Health Care
Communication Services
Real Estate



WEEK 49:  12/03 - 12/07

  • Dow Industrials: 24,388.95 -1,149.51
  • S&P 500: 2,633.08 -62.87
  • NASDAQ Composite: 6,969.25 -219.01
  • NYSE AMEX Composite: 2,426.51-58.62
  • -NYSE Composite: 11941.94 -515.61
  • 10-year Treasury: 2.86% -0.15


Select Economic Indicators
Stock Market Valuation Impact

Period:  12/03 - 12/07  

  • ISM Manufacturing Index +1.6 to 59.3
    Positive (Improving growth returned during November beating the high range of consensus forecast.)
  • Construction Spending -0.1%
    Negative (For October spending was lower than had been projected for the fourth decline in five months.)
  • Beige Book
    Neutral (Slightly slower growth trend for November is acknowledged in Federal Reserve outlook for fewer interest rate increases ahead.)
  • ADP Employment +179K
    Positive (November private company payroll growth was forecasted to be lower than October, but still shows good growth.)
  • International Trade -55.5B
    Neutral (For October the widening of the monthly deficit reflected slight decline in imports and slight gain for imports.)
  • Productivity/Costs +2.3%/+0.9%
    Neutral (This is a mixed report for Q3 showing a positive gain for productivity but an actual decline for wage income after inflation is considered.)
  • Factory Orders -2.1%
    Neutral (At the low end of consensus for October orders due to decline in defense goods, but overall orders have been strong during 2018.)
  • ISM Services Index +0.4 to 60.7
    Positive (This November period report continues to show a show strong growth beating the high-end of consensus.)
  • November Employment Report +155K
    Positive (Well below consensus gain, but is still is at a good level that shows non-inflationary strength and reduces need for future interest rate increases.)
  • Consumer Sentiment  Unchanged at 97.5
    Positive (This preliminary December period measure remains strong enough to suggest favorable results for the Christmas holiday shopping period.)

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