Abigail doolittle is with us. Lots going on in the market. On indeed. Ats going investors are not taking to pick up commitment. Small move for the major averages. Doubt, s p 500, and nasdaq, flipping between gains and losses. This is due to the choppy, jittery trading we have seen with intraday reversals to the downside. Investors are trying to make sense of what is happening with ,axes and other issues in d. C. Plus the yield curve flattening. What is the effect of that on the overall market the head of Technical Analysis at oppenheimer is saying stay the course. He believes we are in the second year of a bullish market trend. Lets hop into the bloomberg, because there is another view always. 53, thisok at g btv 20 is the longterm chart of the price to sales ratio on the s p 500. Typically we look at the pricetoearnings ratio, but this is more cyclical industries. It does not measure taxes and other issues. It is considered by some to be a pure measure evaluation. What were looking at
For some of the Nations Capital the Us Communities wealthiest communities. You know the function, 30 minutes left of the wednesday session. Five similar factors weighing on the u. S. And asia and europe. Denmark is up, the rest are lower except for the ftse. The ftse is up, the pound is down. Byk at the u. K. 30, down four basis points. Safety, commodities down. Lots to talk about. Lets get to german factory orders, unexpectedly rising for a third month in october. Europes strongest largest economy will carry into next year. Afterion increasing. 5 an upwardly revised gain in september. Lets get to this one. Etf. Msci. Er most since its inception in 2012, a third of the almost 46 billion into etfs tracking developing nation stocks. Investors are happy with low hanging fruit approach according to john woods, cio for asiapacific and credit suisse. He says it is spurring demand and that is why we are seeing it again seeking a game. Seeing a gain. This is the msci emerging markets index, be
591,000 barrels last week. Rise compared to the estimate of 1. 3 Million Barrels that was expected to rise last week. Rise compared to thealso, a much smaller rise compared to the previous week of december 15, but still, a seventh week of gains for gasoline inventories. For reaction, lets bring in alix steel. The inventories in line with estimates, a bit of a bigger drawdown, but gasoline inventories rose less than expected. Alix that is the bearish tilt in the report. Refineries were working overtime, utilization of one 1. 6 , butent up the actual crude inventory is looking solid. We saw that with natural gas as well. The inventory is lower than expected, particularly when it comes to oil. It depends how you measure it. If you look at the fiveyear average globally, we are above that level, but when you look at demand covered versus how much you need to meet demand rather than a average an average stockpile, we are close. Slightly,rts were up so even more impressive that we were able t
Been i thinkhas relatively straightforward and he is not in saying looking for a physical barrier across the 2000 miles of border. I thinkinally looks will not be that big a deal as long as he gets the funding. How will this play out come november . Marty says he has questions the lets assume. Only take that off the table in terms of political fight coming up in november . Absolutely. And you know, how frustrating Democratic Base is with Chuck Schumer and how the progressive activist community with whether they are it is greatly going to impact the 2018 midterms. When you look at centrist democrats, senators mark warner, the forefront of negotiations with republicans as well, and they are saying very different things, the cast of caramel the progressives and the movement are saying. Implications of that from a market perspective really set the stage for certainty and posted 2018e see midterm elections. Whether or not democrats take control or not, it has earned much a lot of implicatio
Twoyear option, we are looking at next trading action and the dow is down 3 10 of 1 . The s p and the nasdaq is higher , the nasdaq is off 7 10 of 1 . We wereare look looking at steep declines for the doubt but that seems to have slipped a little bit after mixed trading action. After weeks of a volatility we are looking at two big names, amazon walmart. Amazon shares are up nearly two and a half percent and one reason could be walmart down 9 . The company missed its earning estimates and behind that to some degree, weakness for the companys online business. Growth the celebrated and came 50 . 23 , down from and on this, the 2018 your view is disappointing and we can see that amazon seems to be benefiting to some degree from this. Other movers on the day, we are looking at the chip space. Look at the Philadelphia Semiconductor index, up 2 and outperforming major averages. We have annexed the semiconductors up sharply, up 60 on news the qualcomm has up its bid on the company. That dealt