The US Dollar index (UUP) failed to capitalize last week on the optimism from Congress passing the US tax reform bill.
The S&P 500 index posted its fifth consecutive weekly gain for the week ended December 22, 2017.
In the week ended December 22, 2017, volatility in the global markets turned marginally higher but closed the week with a limited change from the previous week.
The S&P500 Aerospace and Defense Industry GICS Level 3 Index has risen 33.5% so far this year. Clearly, the increase in the US budget for 2018 for defense spending has been a huge plus.
The Direxion Emerging Market 3X Bull ETF, EDC is up over 110% this year. Look how much it outperformed the 3X Bull Developed Markets ETF DZK, 112% to 78%.
Interestingly for all the talk about financials this year, the S&P 500 GICS Level 1 Financial Sector is only up 19% vs. 17%+ for the S&P500 as a whole.
Most investors are well aware of how fabulous tech stocks have been this year. As mentioned, the tech-heavy NASDAQ is up over 25%, while the Philadelphia Semiconductor Index, or SOX, is up over 37% this year.
As 2017 draws to a close, investors take stock (get it?) of sector performance during the year. Overall, financial assets, especially equities, have performed quite well.
In the November capacity utilization report, the manufacturing sector remained strong with 76.4% capacity utilization, the highest level since May 2008.
The Federal Reserve released its November industrial production report on December 15, 2017. The report indicated that industrial production improved 0.2% in November.
According to the latest trade deficit report, exports of food, feed, and beverages have decreased $1.3 billion, and soybean exports have decreased $1.4 billion.
After reaching a lifetime high in October 2017, the ISM (Institute of Supply Management) non-manufacturing index fell 2.7 percentage points to 57.4%.
A lower unemployment rate is one of the key objectives of the Fed. In 2017, the unemployment rate fell, reaching 4.1% in its latest November reading.
This year has been a year to watch the US economy. Hopes for change, tax reform, and industry-friendly policies drove the markets (SPY) higher.
There are some important emerging market economic indicators that investors should watch this week: US (SPX-INDEX) (SPY) retail sales the Eurozone (EZU) (VGK) ZEW economic sentiment index the German (EWG)…
According to a report by Markit Economics, Indonesia’s (IDX) (ASEA) manufacturing PMI (purchasing managers’ index) rose to 50.4 in November from 50.1 in October 2017, marking the fourth consecutive month of expansion. …
In November 2017, Mexico’s (EWW) manufacturing activity rose after falling sharply in October 2017. Its manufacturing PMI (purchasing managers’ index) rose to 52.4 in November from 49.2 in October, according to IHS Markit.…
According to a report by Markit Economics, Russia’s service PMI (purchasing managers’ index) showed a solid improvement in November 2017, rising to 57.4 from 53.9 in October. The figure beat the…
According to a report by Markit Economics, Russia’s manufacturing PMI (purchasing managers’ index) improved between October and November, rising from 51.1 to 51.5. The November figure met the market estimate of…
According to a report by Markit Economics, Brazil’s service PMI (purchasing managers’ index) continued to fall in November. A level below 50 indicates contraction in economic activity, and a level…