McDuck's Account Talk

[McDuck]

Nikkei tumbles 2.6 pct amid yen strength
http://www.cnbc.com/2016/06/12/asia-stock-markets-to-focus-on-dollar-yen-strength-monetary-policy-decisions-from-fed-bank-of-japan.html

Across the Korean Strait, the Kospi was down 1.51 percent.

Stateside, U.S. futures were lower, with Nasdaq futures down around 11.75 points and Dow Jones industrial average futures off around 41 points in early morning Asia time.

 

[Whipsaw]

McDuck, good article, thanks for posting! Glad to see your new account talk thread, and I got reply #1

 

[McDuck]

Investors are hoping the second half of 2016 will look nothing like the first six months.
https://www.thestreet.com/story/136...vesting-plan-for-the-second-half-of-2016.html

"expect more uncertainty."

"Wells Fargo's price target on the S&P 500 is 2,190 to 2,290. The index trades near 2,115, implying 3.5% to 8.3% upside. The broad index is close to its record high of 2,134, reached in May 2015."

 

[McDuck]

Welcome, Olympic Tourists, to Brazil. Please Don’t Mind the Mess
Welcome, Olympic Tourists, to Brazil. Please Don

"games begin Aug. 5"

"Rio state missed debt payments last month and is delaying public-worker salaries after oil prices collapsed, a primary source of revenue."

"The state also slashed its security budget by 32 percent this year and has delayed payments to police and their families. New equipment police expected for the games never materialized"

 

[McDuck]

Oil prices are heading back down toward $40. Here’s when: Analyst
http://www.cnbc.com/2016/06/10/oil-prices-are-heading-back-down-toward-40-heres-when-analyst.html

"Oil futures have rallied more than 90 percent to about $50 a barrel since their winter lows, but Smith said Friday the market is missing something in China.

"China is importing so much crude, it's absolutely insane. They're importing about a million barrels a day more than they are actually consuming,""

"In theory, China could hit capacity in 20 to 30 days, at which point imports will "drop off a cliff," "

 

[McDuck]

Stock traders wake up to Brexit fears as Fed gets set to meet
http://www.cnbc.com/2016/06/10/stock-traders-wake-up-to-brexit-fears-as-fed-gets-set-to-meet.html

"We would not be surprised to see a 5 to 10 percent [stock market] pullback in the next couple weeks, maybe ahead of the Brexit vote,"

"world that already has more than $10 trillion in negatively yielding debt"

"Brexit has been a concern in markets, he sees a less than 50 percent chance the U.K. would exit the EU. "If it does occur, because it will be long and drawn out, the markets will probably overreact and present an opportunity for people who have dry powder,""

"S&P could trade back down to 2,050 or lower. "We could easily see 2,000, but I don't see it getting to 2,200," he said."

 

[Scout333]

Welcome, Olympic Tourists, to Brazil. Please Don’t Mind the Mess

"games begin Aug. 5"

"Rio state missed debt payments last month and is delaying public-worker salaries after oil prices collapsed, a primary source of revenue."

"The state also slashed its security budget by 32 percent this year and has delayed payments to police and their families. New equipment police expected for the games never materialized"

Also watch for the giant ZIKA Skeeters!!!

 

[FogSailing]

ZIKA Skeeters....sounds like a great roller derby team..

FS

 

[McDuck]

The Most Pessimistic Bull Market in History
The Most Pessimistic Bull Market in History - WSJ

"So far, opting for the least exciting companies has worked brilliantly. The utilities sector is up 16% this year, beating all four of the racy “FANG” tech stocks ( Facebook, Amazon, Netflix and Google) which led the market last year. Consumer staples are up 5.7%, against the overall index being up less than 2%, and the dull telecom sector has gained 14%. All three also offer fatter dividends than the market"

"The Russell 2000 index of small-capitalization stocks last week caught up with the S&P for the first time this year, although it remains a 10th below last summer’s high"

 

[McDuck]

Stock traders wake up to Brexit fears as Fed gets set to meet
http://www.cnbc.com/2016/06/10/stock-traders-wake-up-to-brexit-fears-as-fed-gets-set-to-meet.html

"S&P could trade back down to 2,050 or lower. "We could easily see 2,000, but I don't see it getting to 2,200," he said."

S&P close at 2,079 today.

 

[McDuck]

 

[McDuck]

[h=1]There's an odd disconnect between the fear index and the market[/h]
http://www.cnbc.com/2016/06/14/theres-an-odd-disconnect-between-the-fear-index-and-the-market.html

 

[McDuck]

10 Biggest Mistakes Federal Employees Make When Planning for Retirement
Federal Retirement: 10 Biggest Mistakes Federal Employees Make

[h=2]Mistake #3: Failure to fill out and if necessary, update beneficiary designations.[/h]The following beneficiary forms should be filled out and, if necessary , updated -- for example, if the employee gets married or divorced, etc:

1. Form SF 1152, Designation of Beneficiary for Unpaid Compensation and Unused Annual Leave of a Deceased Federal Employee;
2. Form SF 2823, Designation of Beneficiary of Federal Employees Group Life Insurance (FEGLI);
3. Form TSP 3, Thrift Savings Plan (TSP) Beneficiary Designation;
4. Form SF 2808 - CSRS and CSRS-Offset employees: Designation of Beneficiary of CSRS Contributions, or Form SF 3102 - FERS employees: Designation of Beneficiary of FERS Contributions.

 

[McDuck]

Stocks post 5-day losing streak after Fed inaction
Stocks post 5-day losing streak after Fed inaction - MarketWatch

 

[McDuck]

Asia gains in early trade; ASX up 1.3 pct, Nikkei up 2.7 pct, Kospi up 1.2 pct
http://www.cnbc.com/2016/06/19/asia...t-vote-oil-prices-us-stock-market-losses.html
"a narrow 44 percent against 43 percent lead over the leave campaign, based on polling conducted on Thursday and Friday."

 

[McDuck]

Stock traders wake up to Brexit fears as Fed gets set to meet
http://www.cnbc.com/2016/06/10/stock-traders-wake-up-to-brexit-fears-as-fed-gets-set-to-meet.html

"We would not be surprised to see a 5 to 10 percent [stock market] pullback in the next couple weeks, maybe ahead of the Brexit vote,"

"world that already has more than $10 trillion in negatively yielding debt"

"Brexit has been a concern in markets, he sees a less than 50 percent chance the U.K. would exit the EU. "If it does occur, because it will be long and drawn out, the markets will probably overreact and present an opportunity for people who have dry powder,""

"S&P could trade back down to 2,050 or lower. "We could easily see 2,000, but I don't see it getting to 2,200," he said."

S&P closed at 2037 today (06/24/16).

 

[McDuck]

Peter Boockvar: Now what?

"[FONT=&quot]Is this the needed wake up call to a EU Parliament that has 40,000 employees doing god knows what"


[/FONT]

 

[McDuck]

U.S. Stock Futures Retreat After S&P 500 Erased 2016 Gain Friday
U.S. Stock Futures Retreat After S&P 500 Erased 2016 Gain Friday - Bloomberg

"Index futures on the S&P 500 Index fell 0.5 percent to 2,008.75 as of 6:18 p.m."

"Losses last week wiped out gains in U.S. equities for the year and pushed the benchmark volatility gauge up 49 percent."

"Still, it could’ve been worse for U.S. traders, who ended last week down 1.6 percent thanks to rallies leading up to the Brexit decision."

"Britain’s departure will unleash as much as $300 billion of selling by automated quant programs in the already-battered U.S. stock market, Marko Kolanovic, the JPMorgan Chase & Co. derivatives strategist, wrote in a note late Friday. Equity investors in the U.S. would be wise to stay away until quant managers finish the rebalancing that was forced on them by the day’s volatility, he said."

 

[McDuck]

Would someone explain how BREXIT changes this Venne diagram?

 

[McDuck]

Nightly Business Report - August 9, 2016

https://www.youtube.com/watch?v=6GGu9sxLt6I

Disney reported better than expected quarter.


NASD closed at a record high.


Worker Productivity falls for third straight quarter.


Household debt rises to $12.3 trillion


Small business optimism at 94.6 - during normal times it's around 98


USPS continue to lose money for last decade despite delivering more packages. $500 million lose for the quarter.


Not as many people want to cruise in Europe.


Yale, NYU and MIT are sued over their retirement plans.