Tuesday, March 17, 2015

WEDNESDAY 3/18/15; FDX; GIS; Germany’s “Blockupy” Protests; FOMC Rate Decision and Chair Yellen Press Conference; Yellen Creates Massive US Stock and Bond Rally; RUT All-Time Record High; Euro Tags 1.10; CTAS

At 10:30 AM Tokyo local time (9:30 PM EST Tuesday night in the States), Asian indexes are flat. Japanese exports are up more than expected which provides a boost to stocks. 

















[Text is Redacted: Purchase March 2015-03 to Read the Complete Chronology]


































TGT raises the minimum wage for all employees to $9/hour. The Federal minimum wage is $7.25/hour. CTAS gains +1% in AH trading after beating on EPS and matching the top line. Uniforms are an excellent indicator for the healthcare and manufacturing industries. GES jumps over +9% after beating on EPS but missing on the top line. Guess is making up for the -2.5% loss during the regular session. Furniture supplier MLHR posts a Q3 profit. JBL gains +1% after beating on top and bottom lines. WSM drops -4% after reporting earnings blaming the West Coast port slowdown on weak top line sales.

At 4:45 PM, euro 1.086. Dollar/yen 120.07. Pound 1.4969. WTIC oil 44.93. Brent oil 56.50. Natty 2.907. Gold 1169. Silver 16.01. Copper 2.62.

Treasury yields are; 2-year 0.557%, 5-year 1.39%, 10-year 1.92%, 30-year 2.51%.

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