Thursday, November 17, 2016

THURSDAY 11/17/16; WMT; SPLS; SSI; BBY; BONT; SJM; CPI (Consumer Price Index); Housing Starts; Philly Fed Survey; Fed Speak Including Chair Yellen; Mexico Central Bank Decision; RUT (Russell 2000) New All-Time Record Highs; AMAT; GPS; INTU; MTVL; ROST; CRM; WSM

Aussie and Asia indexes begin trading on the negative side. NIKK -0.5%. Topix -0.5%. ASX 200 -0.4%. Oil companies are weak. Woodside Petro -1.6%. Santos -2.7%. Rio Tinto gains +1.1% on news of canning two top executives due to a payola scheme. KOSPI trades marginally higher after a delayed open. Traffic jams are occurring due to national college entrance exams.

[Text is redacted. Purchase the 2016-11 chronology to enjoy November's economic and market history.]

Japan PM Abe is at Trump Tower in New York City meeting with President-elect Trump. Abe miscalculated one month ago when he was in the States and visited Hillary Clinton ignoring Trump since he believed the polls that predicted an easy Clinton win. This minute, he shows up at Trump’s residence hat in hand wanting to build a relationship with the president-elect.

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