Tag: S&P 500 (CME:SP500)

Unexpected Fall Of Gasoline Inventory Pushes Oil Higher

Posted on by The INO.com Team

Hello MarketClub members everywhere. Oil prices rose off the morning lows after government data showed that U.S. gasoline supplies unexpectedly slipped, while crude stockpiles have increased the most since October.

Gasoline stockpiles fell 869,000 barrels, pushing refining margins higher. Crude inventories climbed 13.8 million barrels in the week ended Feb. 3, the Energy Information Administration (EIA) said. That was in line with the industry-funded American Petroleum Institute, which reported a 14.2 million-barrel increase on Tuesday. Gasoline demand climbed the most in a year.

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"There's been a lot of concern about plunging gasoline demand and with this report, it's returned to normal levels," John Kilduff, a partner at Again Capital LLC, a New York-based hedge fund that focuses on energy, said by telephone. "Healthy gasoline demand eventually translates into higher refinery runs and increasing crude demand." Continue reading "Unexpected Fall Of Gasoline Inventory Pushes Oil Higher" →

Big Week Ahead For Earnings, The Fed and Jobs

Posted on by The INO.com Team

Hello MarketClub members everywhere. More than 100 of America's biggest corporations are set to report earnings this week with Apple Inc. (NASDAQ:AAPL) and Facebook Inc. (NASDAQ:FB) leading the headlines. According to many analyst Apple and Facebook are expected to be on the opposite ends of the earnings spectrum with Apple being the laggard and Facebook being the leader this week.

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Then there is the Federal Reserves midweek meeting where it's expected that they will keep rates steady and unchanged after the meeting. However, traders will be looking for signs about the possible timing and pace of future rate increases.

Friday's jobs report will shed some light on the health of the U.S. labor market, which after last weeks GDP dip may be the only bright spot in the U.S. economy.

Key levels to watch next week: Continue reading "Big Week Ahead For Earnings, The Fed and Jobs" →

S&P 500: Prepare For Choppiness

Posted on by Lior Alkalay

Lior Alkalay - INO.com Contributor


After the S&P 500’s rather flat performance over the first three weeks of January, the Index has finally broken higher, pierced through the 2,280 resistance, and seems well on its way to surge above 2,300. So, the question of potential profit taking for the Index at this time may raise some eyebrows. But if we are to take the signals coming from the Federal Reserve over the past few weeks, this is exactly when we should be worried about profit taking and a jump in volatility for the Index.

While the S&P 500 (CME:SP500) was muddling through over the past few weeks, some attributed it to the protectionist stance of the new US president, e.g. the looming threat of a trade war with China, the risk of import levies and, of course, the latest events of this week. President Trump, in a characteristically dramatic fashion, announced the revocation of the Trans-Pacific Partnership Agreement and proclaimed his intention to renegotiate NAFTA, the North American Free Trade Agreement. And how did investors respond? By pushing the S&P 500 up and out of its stagnation and into a new high. Because, while investors are concerned about the risk of a protectionist trade policy, their concerns are somewhat soothed by Trump’s plan to slash the US corporate tax to 15% and boost infrastructure spending.

But what about the S&P 500 are the bulls ignoring? Continue reading "S&P 500: Prepare For Choppiness" →

U.S. Economic Growth Slows To 1.9% In Fourth Quarter

Posted on by The INO.com Team

Hello MarketClub members everywhere. U.S. economic growth slowed more than expected last quarter on the biggest drag from trade in six years and more moderate consumer spending. However, business investment did pick up, which may be a sign that we can expect faster expansion in 2017.

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The gross domestic product (GDP), rose only 1.9 percent in the 4th quarter on the heels of the 3rd quarter's 3.5 percent gain which happened to be the largest increase in two years. The reading fell short of expectations of economists surveyed by Bloomberg News, who had forecast a 2.2 percent annualized growth in the period. Consumer spending, the biggest part of the economy, climbed 2.5 percent, in line with projections.

The results capped growth at 1.6 percent for the full year (2016) and reinforce the leading role of household purchases while showing that businesses are starting to spend again. The strong job market and optimism among consumers and companies for President Donald Trump's policies are likely to keep growth humming along in 2017, though tensions over trade could temper any gains.

Key levels to watch next week: Continue reading "U.S. Economic Growth Slows To 1.9% In Fourth Quarter" →

Stocks Head Lower As Trump Anxiety Grows

Posted on by The INO.com Team

Hello MarketClub members everywhere. Stocks and the U.S. Dollar are falling as President Donald Trump promised a "very major" border tax and signed an executive order on Monday to withdraw the U.S. from the Trans-Pacific Partnership (TPP) trade deal and all indications are that he will sign an order to renegotiate the North American Free Trade Agreement (NAFTA) as he begins his reworking of America's trade relationships.

Most investors are also awaiting further details on the new president's plans to boost government spending before jumping back in the market. Are you one of the investors waiting?

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Key levels to watch next week: Continue reading "Stocks Head Lower As Trump Anxiety Grows" →