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DAILY UPDATE: The Softening Economic Markets

Posted on April 6, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

“Sameach Pesach”

Holy [Maundy] Thursday

By Staff Reporters

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Markets: The NASDAQ extended its losing streak for a third day yesterday amidst a mixed showing for stocks overall. Among the tech stocks having a rough day was cybersecurity giant Zscaler, as investors got new data suggesting the labor market may be cooling (setting off recession jitters again).

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This week’s economic numbers “all point to a softening economy,” but not necessarily a “soft landing,” says Kevin Gordon, senior investment strategist at the Schwab Center for Financial Research. An economic slowdown that averts recession “is what the Fed is looking for, but the market is saying today—with both stock prices and bond yields lower—that recession fears are outweighing hopes for a soft landing,” Kevin says.

CITE: https://www.r2library.com/Resource

Here’s how the major indexes performed:

The S&P 500^® Index fell 10.22 points (0.3%) to 4090.38; the Dow Jones industrial average rose 80.34 (0.2%) to 33482.72; the NASDAQ Composite fell 129.47 (1.1%) to 11996.86.
The 10-year Treasury yield fell about 3 basis points to 3.309%.
CBOEs Volatility Index was up 0.12 at 19.12.

Among S&P 500 sectors, consumer discretionary and industrial stocks led declines. One bright spot was the healthcare sector, which jumped nearly 2%, helped by gains in Johnson & Johnson (JNJ) and Eli Lilly (LLY). Recession concerns weighed particularly heavily on small-cap stocks, as the Russell 2000 index dropped near a two-week low. WTI crude futures fell slightly but remained above $80 a barrel and near two-month highs.

Gold futures extended this week’s rally and ended at a 13-month high.

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CITE: https://www.amazon.com/Dictionary-Health-Information-Technology-Security/dp/0826149952/ref=sr_1_5?ie=UTF8&s=books&qid=1254413315&sr=1-5

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ORDER: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

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Filed under: Alerts Sign-Up, Experts Invited, Financial Planning, Glossary Terms, Health Economics, iMBA, Inc., Investing, LifeStyle | Tagged: asian markets, “Sameach Pesach”, CBOES, crude oil, DJIA, DOW, economy, european markets, gold, Kevin Gordon, markets, Maundy Thursday, NASDAQ, oil, S&P 500, Schwab, softening economy, volatiliy index, WTI | Leave a comment »

DAILY UPDATE: The Domestic Markets Blast-Off as Blackstone Defaults

Posted on March 4, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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U.S. equities finished higher, with all the major indexes posting solid gains for the week. Q4 earnings season approached the end of the final chapter, as Broadcom topped forecasts and issued upbeat guidance, though Zscaler’s billings outlook appeared to overshadow a stronger-than-expected quarterly report, and Costco Wholesale posted mixed results. The market broke a four-week losing streak as Meta was one of the stocks that climbed after the Facebook parent announced big price cuts for its VR headsets, including the high-end Meta Quest Pro.

The economic front offered services sector reports that showed growth was stronger than expected.

Treasury yields came under pressure, along with the U.S. dollar, while crude oil prices were higher, and gold rallied.

Asia finished out the week in positive fashion, and Europe was mostly higher following some economic data.

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Backstone (NYSE:BX) has reportedly defaulted on a €531M bond backed by a portfolio of offices and stores owned by Finnish property investment firm Sponda, which it acquired in 2017. The private equity firm earlier sought an extension from holders of the securitized notes so that it could sell the assets and repay the debt, Bloomberg reported citing people aware of the matter. And, Seeking Alpha learned that the asset sale process was impacted by COVID-related disruptions, the Ukraine war (the assets are located in Finland, which shares its border with Russia) and wider market volatility.

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ORDER: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

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Filed under: Alerts Sign-Up, Ethics, Investing | Tagged: asian markets, Blackstone, Blackstone defaults, Bloomberg, Broadcom, european markets, Facebook, FB, Meta, Seeking Alpha, Sponda, Treasury yields, US equities | Leave a comment »

DAILY UPDATE: The “Bond King” PODCAST as Stocks Move Up

Posted on February 24, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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Jeffrey Gundlach has raised the alarm on an impending US recession, warning investors they need to prepare for it regardless of how severe it ends up being. Gundlach — whose nickname is the “Bond King” — is a billionaire investor and the boss of DoubleLine Capital. He warned stocks may come under pressure, loan defaults might surge, and inflation could prove stubborn in a recent Yahoo Finance interview. Moreover, he cautioned that attempting to forestall an economic slump can result in a far more devastating downturn in the future.

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U.S. equities ended higher in a choppy trading session as uncertainty remained regarding the ultimate economic impact of aggressive global central bank tightening. The volatile session followed yesterday’s release of the minutes from the Fed’s February monetary policy meeting, which suggested that the Central Bank may need to continue its rate hike campaign to try to tame inflation. In economic news, jobless claims came in below expectations, and Q4 GDP growth was unexpectedly revised lower and the inflation components came in well above estimates.

Treasury yields were mostly lower in choppy trading, and the U.S. dollar was mostly unchanged, while crude oil prices increased after a string of losses, and gold moved to the downside. Q4 earnings season continued down the home stretch, as Nvidia Corporation rallied after topping estimates and offering upbeat Q1 revenue guidance. Elsewhere, eBay matched earnings forecasts but its outlook garnered scrutiny, and Domino’s Pizza fell after missing revenue forecasts and adjusting its guidance lower.

Asian stocks finished mostly lower, though Japan was closed for a holiday, and markets in Europe were mixed as investors around the globe grappled with the outlook for monetary policies.

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Filed under: "Ask-an-Advisor", Alerts Sign-Up, Experts Invited, Interviews, Investing, Videos | Tagged: asian markets, Bond King, DJIA, DOW, equity markets, european markets, Gundlach, Jeffrey Gundlach, NASDAQ, Nvidia, PodCast, S&P 500, stock markets, stocks move up, US equities, us markets | Leave a comment »

DAILY UPDATE: Gas Prices Up – Stock Markets Down

Posted on February 17, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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Gasoline prices have unexpectedly risen in January, at a time when Americans normally stay put and demand remains relatively flat. Last week, the national average price for regular gas crept up to $3.51 a gallon, according to the American Automobile Association (AAA), jumping up by 12 cents compared to a week before and 41 cents in December. As of today, regular gas was on average $3.49 a gallon. It was a dark surprise for American consumers wary of the skyrocketing prices experienced last summer when gas reached a record height of $5.02 a gallon on average nationwide

CITE: https://www.r2library.com/Resource/Title/0826102549

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Stocks Closed Lower Amid Wholesale Price Inflation Report

U.S. equities declined sharply following another hotter-than-expected read on inflation, as well as hawkish commentary from Fed officials, which seemed to complicate the outlook for further monetary policy tightening. January’s Producer Price Index (PPI) came in above estimates, causing more Fed uncertainty that had already ramped up following this week’s elevated consumer inflation report, and yesterday’s much stronger-than-anticipated retail sales data. A busy day of economic data also included a lower-than-projected level of jobless claims, softer-than-forecasted housing construction activity, and an unexpected tumble in manufacturing activity out of Philadelphia.

Treasury yields were higher following the inflation report, and the U.S. dollar increased, while crude oil prices nudged lower, and gold was little changed. Q4 earnings season continued to roll on, with Dow member Cisco Systems topping forecasts, though Shopify offered disappointing revenue guidance, and Paramount missed expectations.

Asian and European stocks finished higher for the most part, as investors grappled with the U.S. inflation data and monetary policy uncertainty.

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ORDER: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

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Filed under: Alerts Sign-Up, Alternative Investments, Investing, LifeStyle | Tagged: AAA, asian markets, Cisco, DOW, European stocks, gas, gas prices, gasoline, gold, inflation, NASDAQ, oil, PPI, S&P 500 | Leave a comment »

DAILY UPDATE: Stocks, Treasuries and Asian Markets Quiet

Posted on November 22, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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U.S. stocks declined in the first session of the holiday-shortened week, as the economic docket was void of any major releases. The economic calendar will heat up on Wednesday, with reports on durable goods orders, manufacturing and services PMIs, consumer sentiment, and new home sales, as well as the minutes from the Fed’s November monetary policy meeting.

The equity front was also quiet today, but Dow member Walt Disney Company’s announcement that Robert Iger is returning to the company as CEO boosted its shares. In other equity news, Dow component Merck & Co. Inc. announced a $1.35 billion acquisition of clinical stage biotech company Imago BioSciences Inc.

The Treasury yield curve continued to invert ahead of this week’s economic data and following recent positive inflation reports, though the U.S. dollar rallied. Crude oil prices extended a recent decline and gold was lower.

Asian stocks finished mostly lower amid lingering COVID concerns in China, and European stocks ended the day mixed as the global markets continued to assess the trajectory of monetary policies across the world.

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UPDATE: Equities, Bonds, Oil, the Dollar and Asian Markets

Posted on October 12, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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U.S. equities finished mixed after turning to the downside following news that the Bank of England set a three-day deadline to end its bond buying initiative and for pension funds within the U.K. to rebalance. Action was choppy most of the day, as investors awaited tomorrow’s first look at the highly anticipated September inflation data.

Now, according to the Schwab Center for Financial Research, the markets appeared to be on edge at the prospect of further monetary policy tightening, which could be enhanced by the inflation reports. In light economic news, small business optimism unexpectedly increased but remained below the 48-year average for a ninth-consecutive month.

On the equity front, Leggett & Platt lowered its full-year guidance, KLA Corporation ceased some of its business with China-based customers following export restrictions, while a proposal from the Labor Department is pressuring ride-hailing and food-delivery companies.
Treasury yields were mixed after a return to action following yesterday’s holiday.

The U.S. dollar finished modestly higher in its own whipsaw session, crude oil prices fell, and gold was also lower.

Asian markets were mostly lower following new export rules on semiconductor chips from the U.S., while European stocks were lower as the Bank of England announced further intervention to try to ensure financial stability.

The global markets continue to grapple with the possibility of future global rate hikes as inflationary concerns remain.

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UPDATE: The Domestic, European and Asian Stock Markets & Oil

Posted on March 9, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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MARKETS: Stocks finished lower losing steam late in the session, as investors remained focused on the surge in global crude prices and the broader commodity complex, as global markets continue to count the costs from Russia’ invasion of Ukraine.

The Dow Jones Industrial Average finished down 184.7 points, or 0.56%, to 32,632 while the S&P 500, which is down 11.75% for the year and fresh off its worst single-day decline in 17 months, lost 0.72%.

The NASDAQ Composite slipped 0.28% as 10-year Treasury note yields rose to 1.852%.

CITE: https://www.r2library.com/Resource/Title/082610254

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OIL: Futures ended higher Tuesday, with West Texas Intermediate crude for April delivery rising 3.6% to settle at $123.70 a barrel. That’s the highest front-month contract finish since August 1st, 2008, according to Dow Jones Market Data.

EUROPE: Rallied at the start of trade on Wednesday, buoyed by an interview from Ukraine’s president in which he appeared to make major concessions. The Stoxx Europe 600 rose 2.2% to 424.28, helped by a rally in the beleaguered banking sector. Gainers included BNP Paribas Adidas and Deutsche Post.

ASIA: At the close in Tokyo, the Nikkei 225 declined 0.30% to hit a new 52-week low. The best performers of the session on the Nikkei 225 were Isuzu Motors, Ltd. (T:7202), which rose 7.91% or 102.00 points to trade at 1,391.00 at the close. Meanwhile, Fujitsu Ltd. (T:6702) added 5.54% or 840.00 points to end at 16,000.00 and Hitachi Ltd (T:6501) was up 4.78% or 228.00 points to 4,998.00 in late trade. The worst performers of the session were Tokyo Electric Power Co., Inc. (T:9501), which fell 7.00% or 25.00 points to trade at 332.00 at the close. Kikkoman Corp. (T:2801) declined 6.67% or 560.00 points to end at 7,840.00 and Ricoh Co., Ltd. (T:7752) was down 4.91% or 47.00 points to 910.00.

Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 2034 to 1517 and 220 ended unchanged. Shares in Ricoh Co., Ltd. (T:7752) fell to 52-week lows; losing 4.91% or 47.00 to 910.00.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 6.54% to 29.82 a new 1-month high.

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Filed under: Alerts Sign-Up, Glossary Terms, Investing | Tagged: asian markets, DJIA, Dow Jones Industrial Average, european stock markets, NASDAQ, oil, Russia, S&P, Ukraine | 1 Comment »

UPDATE: Oil, the Domestic & Asian Stock Markets and Investment Banking

Posted on February 14, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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OIL: The threat of a Russian invasion of Ukraine is shaking up a fragile global oil market, pushing prices to $94 barrel as supplies will struggle to cushion the effect from any significant disruption in Russian fossil fuel exports. The headlines that moved markets last week—the Fed’s response to inflation, corporate earnings, tensions in Ukraine—will remain top of mind for investors this coming week. Analysts predict that if Russia were to invade Ukraine, oil could top $100 a barrel for the first time since 2014. And, the average national gasoline price is about $3.50/gallon.

DOMESTIC MARKETS: Walmart, Airbnb, Nvidia, Roblox, and DraftKings will close out one of the most volatile earnings seasons in recent memory.

CITE: https://www.r2library.com/Resource/Title/0826102549

ASIAN MARKETS: Major Asian stock markets opened lower as investors sought safer bets ahead of a possible Russian military attack on the Ukraine. In Tokyo, the Nikkei 225 index dropped roughly 2 percent in the first hours of trading. South Korea’s KOSPI fell by a similar amount. And, while China’s big tech firms are under much regulatory pressure, they are also facing strong competition.

INVESTMENT BANKING: Roger Ng, the former head of investment banking in Malaysia for Goldman Sachs, will stand trial in New York beginning today. He’s accused of playing a prominent role in a massive laundering scheme that plundered billions from Malaysia’s sovereign wealth fund, 1MDB. Embezzled funds were used to buy a Beverly Hills hotel, a $200 million super-yacht, and even to help finance the film, Wolf of Wall Street.

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