Sunday, October 28, 2018

MONDAY 10/29/18; US 2-10 Spread Drops to 25 Bips; KOSPI (South Korea) Collapses -1.5%; SSEC (China) Plummets -2.2%; Euronext Systems Outage; BSE Sensex (India) Rallies +2.2%; BLMN; ON; Personal Income and Outlays; German Chancellor Merkel Plans to Exit Politics Over Next Couple Years; DAX (Germany) Rallies +1.2%; FTSE (UK) Pops +1.3%; MIB (Italy) Jumps +1.9%; US Stocks Collapse; COMPQ (Nasdaq Composite) Drops -1.6%; NDX (Nasdaq 100) Plummets -2%; AKAM; CGNX; TXRH; EIX; RIG; VNO

US futures begin trading negatively Sunday evening in the States. That changes quickly. The S&P futures begin at -2, then back to flat, +2, then +4, then +6.

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SUNDAY 10/28/18; Bolsonaro Wins Brazil Election

China’s industrial profits are up +4.1% year-on-year for September but this represents a lower trend for five consecutive months. Lower corporate profits will create job layoffs which in turn will hurt consumer spending. China’s overall economic growth is slowing.

In Germany’s Hesse region 

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Saturday, October 27, 2018

SATURDAY 10/27/18

SPX 2659. INDU 24688. COMPQ 7167. RUT 1484. NIKK 21185. SPASX200 5665. KOSPI 2027. SEC 2599. HSI 24695. BSE 33349. DAX 11201. CAC 4967. FTSE 6940. MIB 18683. IBEX 8730. PSI 4925.

Bitcoin remains steady during the

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Friday, October 26, 2018

FRIDAY 10/26/18; KOSPI (South Korea) Sinks -1.8%; VIX Above 27; CL; PSX; MCO; GBX; COG; GT; ZBH; US Q3 GDP; Consumer Sentiment; CAC (France) Loses -1.3%; PSI (Portugal) Slips -1.3%; US Stocks Mini-Crash; SPX -1.7%; INDU -1.2%; COMPQ -2.1%; NDX -2.3%; RUT -1.1%; NYA -1.2%; XLY -3.1%; XHB -3%; XLC -2.7%; VOX -2.6%; XLRE -2.6%; XLK -2; SOX -1.7%; XLP -1.9%; XLU -1.8%; S&P 500, Dow Industrials, Russell 2000 and NYSE Composite Negative on the Year

US futures are negative after the recovery rally in the S&P 500 in the Thursday session. S&P -20. Dow -166.60. Nasdaq -84. Russell -12.

In late US trading Thursday evening, AMZN tanks -7.8%. GOOGL -3.6%. Amazon and Alphabet earnings and guidance disappoints which will 

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Wednesday, October 24, 2018

THURSDAY 10/25/18; Asia Stocks Selloff after US Collapse; NIKK (Japan) Plummets -3.7%; SPASX200 (Australia) Tanks -2.8%; KOSPI (South Korea) Drops -1.6%; ECB Rate Decision and President Draghi Presser; MO; MRK; TWTR; Durable Goods; AAL; ALK; LUV; SAVE; BMY; CELG; CMCSA; COP; COR; EQT; RS; GPI; GRUB; HSY; IP; KKR; MAT; MCK; MHK; NEM; NOV; RCL; RTN; SHW; SPG; TSCO; UHS; UNP; USG; VLO; WM; WWE; XEL; CAC (France) Jumps +1.6%; MIB (Italy) Leaps +1.8%; IBEX (Spain) Rallies +1.2%; PSI (Portugal) Pops +1.1%; US Stocks Print Strong Relief Rally; SPX +1.9%; INDU +1.6%; COMPQ +3%; NDX +3.4%; RUT +2.2%; XLC +3.2%; XLY +3%; XLK +3.4%; SOX +2.3%; AMZN; GOOGL; INTC; AKS; CERN; CMG; CY; DECK; DLR; EMN; EXPE; FE; FSLR; GILD; HIG; SAM; SNAP; SYK; SWN; WDC

US futures are higher after the S&P 500 cash index crashes a historic 85-points, -3.1%, in the Wednesday session. S&P +10. Dow +90. Nasdaq +34.

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WEDNESDAY 10/24/18; Global PMI’s; Deutsche Bank Collapses -4%; BA; T; UPS; LH; TUP; BSX; GD; OC; EVR; FCX; IR; PF; PX; SIRI; ITW; LLL; New Home Sales; MIB (Italy) Collapses -1.7%; Fed Speak; 5-Year Note Auction; Beige Book; US Stock Market Crashes; SPX -3.1%; S&P 500 Below 2700; INDU -2.4%; Dow Industrials Below 25K; COMPQ -4.4%; NDX -4.6%; RUT -3.8%; NYA -2.6%; SOX -6.6%; XLC -4.8%; XHB -3.6%; XLI -3.4%; XLB -3.2%; FB -5.4%; AAPL -3.4%; AMZN -5.9%; NFLX -9.4%; GOOGL -5.2%; MSFT; V; F; WHR; ORLY; PKG; BIDU; CLB; GHL; LVS; TRN; XLNX

Euro .1471. Dollar/yen 112.42. Pound 1.2983. Korean won 1137. Philippine peso 53.80. Indonesian rupiah 15192. Aussie dollar 0.7084. Indian rupee 73.57. Dollar/yuan 6.9380. Dollar/yuan, offshore, 6.9415. USD 95.93. Bitcoin 6503.

Goldman Sachs says the yuan will 

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Monday, October 22, 2018

MONDAY 10/22/18; SSEC (China) Catapults +4.1%; HSI (Hong Kong) Leaps +2.3%; HAS; XLF (Banks) Collapse -2.1%; KRE (Regional Banks) Plummet -3.1%; AMTD; ZION

US futures are soggy to begin the new week of trading. S&P -12. Dow -95. Nasdaq -34. Russell -7.

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Sunday, October 21, 2018

SUNDAY 10/21/18

Elections are occurring in Afghanistan marred by violence and murder. 28 people are killed three by a suicide bomber. Voting is delayed in several regions. The polling places are dangerous chasing away voters. Afghanistan remains in conflict and chaos for the last three decades.

President Trump steers away from saying the Saudi excuse for the Khashoggi murder is “credible.” The president is now criticizing the Saudi 

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Saturday, October 20, 2018

SATURDAY 10/20/18; Saudi Arabia Saga

SPX 2768. INDU 25444. COMPQ 7449. RUT 1542. NIKK 22532. SPASX200 5940. KOSPI 2156. SSEC 2550. HSI 25561. BSE 34316. DAX 11554. CAC 5085. FTSE 7050. MIB 19080. IBEX 8892. PSI 5026.

At 1 AM local Riyadh time (6 PM EST Friday evening), the Saudi state-run media says journalist Jamal Khashoggi was killed at the embassy in Turkey two weeks ago. 18 Saudi’s are arrested for 

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FRIDAY 10/19/18; China Q3 GDP is Slowest Since 2009; SSEC (China) Rallies +2.6%; BSE (India) Drops -1.3%; OpEx; STI; STT; CFG; SYF; HON; PG; CLF; IPG; KSU; MAN; SLB; VFC; Existing Home Sales; XLP Launches +2.3%; RUT Loses -1.2%; SOX -1.6%; IBB -1.6%; KRE -1.6%; XHB -1.666%

Japan Core CPI is at +1% year-on-year matching expectations. The inflation data is in line with forecasts. Japan inflation remains far below the BOJ’s +2% goal.

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Tuesday, October 16, 2018

WEDNESDAY 10/17/18; NIKK (Japan) Rallies +1.3%; SPASX200 (Australia) +1.2%; BSE Sensex (India) Slips -1.1%; Brussels Summit; Canada Legalizes Marijuana; USB; ABT; UNF; WGO; Housing Starts; FOMC Minutes; WTIC Oil Below 70; Brent Oil Below 80; AA; ATHN; STLD; KMI; URI

Euro 1.1571. Dollar/yen 112.30. Pound 1.3183. Korean won 1123. Indian rupee 73.474. Dollar/yuan 6.912. Indonesian rupiah 15201. Aussie dollar 0.714. USD 95.09.

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Monday, October 15, 2018

TUESDAY 10/16/18; NIKK (Japan) Rallies +1.3%; Saudi Arabia Drama Continues; GS; MS; BLK; CMA; FHN; PGR; JNJ; UNH; GWW; Industrial Production; JOLTS Report; US and European Stocks Rally; DAX (Germany) +1.4%; CAC (France) +1.5%; MIB (Italy) +2.2%; IBEX (Spain) +1.7%; SPX Jump +2.2% Above 2,800; INDU +2.2%; COMPQ +2.9%; NDX +2.9%; RUT +2.8%; IBB +4.2%; XLV +2.7%; SOX +3.3%; XLK +3%; XLC +2.7%; NFLX Leaps +15% on Earnings; IBM; LRCX; CSX; UAL; SONC; CREE; IBKR

Euro 1.1585. Euro/yen 129.47. Dollar/yen 111.76. Pound 1.3157. Euro/pound 0.8805. Mexican peso 18.8328. Canadian dollar 1.2985. Dollar/yuan 6.9168. Indian rupee 73.824. Korean won 1131.45. Philippine peso 54.12. Indonesian rupiah 15220. Aussie dollar 0.7141. USD 95.05.

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Sunday, October 14, 2018

MONDAY 10/15/18; NIKK (Japan) Collapses -1.9%; SoftBank Crashes -7.3%; SSEC (China) Retreats -1.5%; HSI (Hong Kong) Sinks -1.4%; DAX (Germany) System Outage; SHLD (Sears) Files for Chapter 11 Bankruptcy Protection; BAC; SCHW; Retail Sales; Empire State Mfg Survey; Business Inventories; Saudi Arabia Turmoil Sends US Stocks Lower; JBHT

Euro 1.155. Euro/yen 129.53. Dollar/yen 112.15. Pound 1.3099. Euro/pound 0.8817. Mexican peso 18.868. Canadian dollar 1.3025. Dollar/yuan 6.922. Indian rupee 73.5713. Aussie dollar 0.7109.

US futures are negative dropping as President Trump appears on the “60 Minutes” television show. Trump says more sanctions against China are 

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SUNDAY 10/14/18

The international community remains troubled by the potential murder of Saudi journalist Khashoggi in the Turkish embassy. The situation reads like a spy novel. A 15-man Saudi hit squad may have murdered Khashoggi inside the embassy and dismembered his body. The journalist was critical of Saudi Crown Prince Mohammed bin Salman’s proposals for modernizing the country. Interestingly, 60% of the Saudi Arabia population is under 30 years old.

President Trump says there will be “severe punishment” if it is proven that 

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Friday, October 12, 2018

SATURDAY 10/13/18

SPX 2767. INDU 25340. COMPQ 7497. RUT 1547. NIKK 22695. SPASX200 5896. KOSPI 2162. SSEC 2607. HSI 25801. BSE 34734. DAX 11524. CAC 5096. FTSE 6996. MIB 19256. IBEX 8902. PSI 5007.

The Hurricane Michael death count rises to 17. Over 900K homes and businesses are without electrical power. The panhandle of Florida is 

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Thursday, October 11, 2018

FRIDAY 10/12/18; KOSPI (South Korea) Jumps +1.5%; HSI (Hong Kong) Rallies +2.1%; BSE Sensex (India) Pops +2.2%; Global Stocks Rally to Finish the Losing Week; Q3 Earnings Season Kicks Off with the Banks; JPM; C; WFC; PNC; Import and Export Prices; Consumer Sentiment; Brent Oil Below 80; SPX Rallies +1.4%; INDU (Dow) Gains +1.2%; COMPQ Jumps +2.3%; NDX Leaps +2.8%; RUT Pops +1.3%; SOX Rallies +2%; KRE Collapses -2%

Global stocks are bludgeoned this week. President Trump blames the Federal Reserve for hiking interest rates too quickly. The president’s comments create further market angst.

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THURSDAY 10/11/18; Cascading Global Selloff Loops Around the World; NIKK (Japan) Plummets -3.9%; SPASX200 (Australia) Collapses -2.7%; KOSPI (South Korea) Crashes -4.4%; SSEC (China) Crashes -5.2%; HSI (Hong Kong) Plummets -3.5%; BSE Sensex and Nifty (India) Each Crash -2.2%; WBA; DAL; CPI (Consumer Price Index); DAX (Germany) Collapses -1.5%; CAC (France) Plummets -1.9%; FTSE (UK) Retreats -1.9%; MIB (Italy) Collapses -1.8%; IBEX (Spain) Sinks -1.7%; 30-Year Bond Auction; VIX Above 28; SPX Drops -2.1% Losing the 200-Day MA, 50-Week MA, 10-Month MA and 12-Month MA Signaling Cyclical Bear Market Ahead; INDU (Dow) Loses -2.1%; COMPQ Sinks -1.3% in Correction Territory; NDX Drops -1.1%; RUT Collapses -1.9%; Oil Plummets -4%; Gold Rallies +3%

US futures are marginally negative after the historic Wednesday selloff. S&P -3. Dow -47. Nasdaq -12. Russell -2.

The index futures for Japan, South Korea and Australia look bleak. NIKK -3.4%. KOSPI -1.7%. ASX 200 -1.8%. New Zealand is trading with the NZX collapsing -2.2%. The cascading global selloff continues looping around the world. New Zealand reports weak home sales creating a negative mood in the Pacific theater.

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Wednesday, October 10, 2018

WEDNESDAY 10/10/18; FAST; PPI (Producer Price Index); 3 and 10-Year Note Auctions; BSE Sensex (India) Rallies +1.4%; Nifty Jumps +1.5%; SHLD (Sears) Prepares for Bankruptcy; DAX (Germany) Collapses -2.2%; CAC (France) Retreats -2.1%; FTSE (UK) Loses -1.3%; MIB (Italy) Sinks -1.7%; IBEX (Spain) Drops -1.1%; PSI (Portugal) Collapses -2.2%; European and US Stock Markets Crash; SPX (S&P 500) Plummets -3.3% Below 2.8K; INDU (Dow) Collapses -3.2% Below 26K; COMPQ Crashes -4.1% Below 7.5K; NDX Crashes -4.4%; RUT Drops -2.9% Below 1.6K; NYA Under 40-Week MA Signaling Cyclical Bear Market; President Trump Says the Federal Reserve is “Crazy”

Euro 1.1505. Dollar/yen 112.98. Pound 1.3156. The Indonesian rupiah is at 15238 a low not seen since 1998 (higher currency number reflects weaker rupiah). Philippine peso 54.19. Aussie dollar 0.7114. Indian rupee 74.39. Dollar/yuan 6.9227. The US dollar index is at the 95.59 palindrome.


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TUESDAY 10/9/18; NIKK (Japan) Loses -1.3%; Topix Collapses -1.8%; IMF Cuts Global Growth Forecast; US 2-10 Yield Spread Widens Above 37 Bips; UN Ambassador Nikki Haley Resigns; TRAN (Dow Jones Transports) Loses -1.9%; HELE

Aussie and Asia markets begin trading lower. South Korea markets are closed today but Japan is open after the long weekend. NIKK -0.9%. Topix -1.1%. AX 200 -0.7%. NZX -0.9%. It is a soggy start to trading in the Pacific theater. The Australian Banking Index drops -1%. Commonwealth Bank -1%.

US futures are 

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Monday, October 8, 2018

MONDAY 10/8/18; Columbus Day; Cascading Global Selloff; Bolsonaro Wins First Round of Brazilian Election; SSEC (China) Mini-Crashes -3.7%; CSI300 -4.3%; Shenzhen -3.8%; HSI (Hong Kong) Drops -1.4%; Chinese Yuan Weakens Past 6.93; Indian Rupee Weakens Past 74; DAX (Germany) Collapses -1.4%; CAC -1.1%; FTSE -1.2%; MIB (Italy) Mini-Crashes -2.4%; PSI (Portugal) Sinks -1.6%; VIX Above 18

Today is Columbus Day in the States. The bond markets are closed but the stock markets are open. Banks and the US Post Office are closed. Japan is not trading due to the Sports and Health Day holiday.

Mainland China will trade after 

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SUNDAY 10/7/18; China Cuts Triple R’s; Brazil Election

An odd and disturbing story surfaces at the Saudi Arabia Embassy in Turkey. A Saudi journalist, Jamal Khashoggi, that frequently criticized the Kingdom, is feared murdered inside the Saudi consulate by a kill team of one dozen assassins. The journalist has not been seen for five days and his body has not turned up anywhere. Turkey President Erdogan says an investigation is underway. Turkey and Saudi relations are further strained. The world is an ugly place.

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Sunday, October 7, 2018

September Publication of the Daily Chronology of Global Markets and World Economics 2018-09 is Available from Amazon

The September publication of the Daily Chronology of Global Markets and World Economics 2018-09 is available from Amazon.

The Daily Chronology of Global Markets and World Economics 2018-10 for October is tentatively set for publication by Amazon on Saturday, 11/3/18.

Friday, October 5, 2018

SATURDAY 10/6/18; Brett Kavanaugh Sworn-In to Supreme Court

SPX 2886. INDU 26447. COMPQ 7788. RUT 1632. NIKK 23784. SPAX200 6186. KOSPI 2268. SSEC 2821 (China did not trade last week due to the Golden Week holiday). HSI 26573. BSE 34377. DAX 12112. CAC 5359. FTSE 7319. MIB 20346. IBEX 9254. PSI 5204.


A 5.9 magnitude earthquake hits 

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FRIDAY 10/5/18; RBI (India) Rate Decision; Indian Rupee Weakens Past 74; US Monthly Jobs Report; International Trade; BSE Sensex (India) -2.4%; Nifty (India) Plummets -2.666%; FTSE (UK) Dumps -1.4%; MIB (Italy) Sinks -1.3%; Bond Yields Continue Higher; Consumer Credit; Stocks Selloff; SOX (Semiconductors) Collapses -2.3%

Euro 1.1517. Dollar/yen 113.88. Pound 1.3025. Indonesian rupiah 15179. Philippine peso 54.34. Aussie dollar 0.7077. Korean won 1129.82. Dollar/yuan 6.8688. Indian rupee 73.5838. The Reserve Bank of India provides its rate decision in a few hours. Many analysts expect a rate hike to stem the record-setting drop in the rupee.

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Wednesday, October 3, 2018

THURSDAY 10/4/18; US Dollar Index Above 96; US Yield Curve Steepens with 2-10 Spread Above 33 Bips; KOSPI (South Korea) Loses -1.5%; HSI (Hong Kong) Collapses -1.7%; BSE Sensex (India) Plummets -2.2%; Nifty Retreats -2.4%; Challenger Job-Cut Report; STZ; Factory Orders; CAC (France) Loses -1.5%; COMPQ (Nasdaq Composite) Plummets -1.8%; NDX (Nasdaq 100) Drops -1.9%; RUT (Russell 2000) Retreats -1.5%; COST

S&P -7. Dow -60. Nasdaq -19. Russell -5.

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WEDNESDAY 10/3/18; Italy Budget Drama Continues; Italy 10-Year Yield Blows-Out Above 3.44%; WTIC Oil Above 76; Brent Oil Above 86; Indian Rupee Weakens Past 73; BSE Sensex (India) Collapses -1.5%; Global PMI Services Indexes; AYI; LEN; Fed Speak Including Chairman Powell; ADP Employment Report; ISM Non-Mfg Index; Greece Banks Crash; US 2-10 Yield Spread Above 29 Bips: US Bond Selloff; KRE (Regional Banks) Jump +2.4%; INDU (Dow) and AAPL (Apple) Print Record Highs; PIR; US Dollar Index Above 96

Euro 1.1552. Dollar/yen 113.64. Pound 1.2982. Korean won 1119. Philippine peso 54.32. Indonesian rupiah 15043. Indian rupee 72.9125. Dollar/yuan 6.8688. Aussie dollar 0.7188. USD 95.49.

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