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Shutdown boredom

Topics: BlogDwight’s “Daily Dose” eNewsletter

Dow futures are close to unchanged in pre-opening trading, and bond prices are slightly lower. Traders seem to be unconcerned that the government will likely shut down at midnight tonight.

Standoff continues

The House passed a short-term funding bill, but the Senate is balking at going along. At this time, the bill will not pass….

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Plenty of steam

Topics: BlogDwight’s “Daily Dose” eNewsletter

Don’t hold your breath

Everyone seems to be waiting for stocks to run out of steam, and the wait isn’t over yet. Dow futures are up 225 points in pre-opening trading. European stocks are up over 1%, and that is providing additional fuel for U.S. stocks, although stocks don’t seem to need outside help.

Bonds…

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A minor surprise

Topics: BlogDwight’s “Daily Dose” eNewsletter

Bond traders hypersensitive

The day’s two important economic releases are out. One was as expected, and one was a surprise.    

First, the expected. Retail Sales rose by .4%, and sales ex-autos and gasoline were also up .4%. These were as expected. There was a big upward revision to November ex-autos and gasoline sales, but traders…

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Rough patch

Topics: BlogDwight’s “Daily Dose” eNewsletter

First Rough Patch of the Year

Stocks are encountering their first rough patch of 2018 and it is because of the rough patch the bond market has been in since the beginning of the year. Dow futures were down about 150 points on a story that Chinese officials will recommend halting or reducing purchases of…

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January 2017 Monthly Economic Commentary

Topics: Blog

ECONOMIC UPDATE

The biggest headline to start 2018 is the successful passage of the Tax Cuts and Jobs Act (TCJA) just before Christmas. The legislation was much anticipated throughout 2017, particularly by equity and corporate credit markets. As expected, the new law reduces the corporate tax rate, from 35% to 21%, and it allows a…

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Slowing down

Topics: BlogDwight’s “Daily Dose” eNewsletter

Catch your breath!

After the rally last week, the best weekly rally for stocks since December 2016, it’s no surprise that stock traders are pausing to catch their breaths as the new week begins. Dow futures are down about 12 points in pre-opening trading. There was no market-moving news over the weekend.

Bond prices are…

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