As per the latest JOLTS report, about 3.2 million American workers quit their jobs voluntarily in November.
According to the employment report, job growth was robust across all the sectors except for the information (VGT) sector, which saw 4,000 job losses in December and over 50,000 job losses in 2017.
During the week ended December 29, 2017, the yen (FXY) closed at 112.69 against the US dollar (UUP) compared to 113.27 in the previous week.
The British currency (GBB) recovered 8.0% of its value against the US dollar (UUP) in 2017 but lost additional ground against the euro.
The euro–dollar (FXE) pair closed 2017 at 1.1998. It appreciated by 13% against the US dollar and posted close to 10% gains against the other major global currencies.
The US dollar’s long-term outlook looks marginally better in 2018 than in 2017.
The S&P 500 Index (SPY) posted a weekly loss in the last week of 2017 but closed the year at a high.
US markets ended 2017 on a high, continuing the bull market that began in 2009. The Dow Jones Industrial Average rose ~28.1% in 2017, and the S&P 500 Index (SPY) appreciated by ~21.8%.
Average consumer expectations for business conditions form the only component of the Conference Board LEI (Leading Economic Index) that is not a leading indicator. Consumer expectations are based on two…
By the end of December 2017, the S&P 500 (SPY) had risen 18.3% that year. The index had only one down month since the US elections in November 2016, helped by…
Non-defense capital goods orders exclude aircraft and defense purchases. The US Census Bureau releases a monthly report that tracks new orders for machinery, tools, and equipment for US industries. Defense…
The ISM’s (Institute of Supply Management) New Orders Index is a monthly report on changes in new orders, supplier deliveries, inventories, production, and employment. New orders are a measure of…
New orders for consumer goods and materials give investors an insight into the demand for goods and form an important constituent of the Conference Board LEI (Leading Economic Index). Changes to…
Average weekly unemployment claims are a constituent of the Conference Board LEI (Leading Economic Index). Claims have a 3% weight in the LEI. Weekly unemployment claims, if adjusted for seasonality, give…
The Conference Board LEI (Leading Economic Index), a closely followed economic indicator in the investor community, tracks the US economy’s health.
2018 also brings with it many geopolitical events that could bring uncertainty and turn the market around.
Stock markets around the world rallied in 2017. Asian equities, in particular, grabbed investors’ attention in 2017, as they have been outperforming other markets.
At the start of 2017, elections in many European countries brought some political uncertainty to the European markets.
The three major indexes that track global markets showed growth in 2017. As of December 25, 2017, the MSCI ACWI Index (ACWI) had risen 21.2% year-to-date (or YTD).
The euro (FXE) closed the week ended December 22, 2017, at 1.1864, appreciating 0.94% against the dollar (UUP).