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13Feb2017 Market Close: Wall Street Climbing To New Historic Highs, Crude Prices Tumble, One Analyst's Warns Of A February Market Top And The Sign That Call Is On Track

Written by Gary

US stock market indexes hit record intraday highs today (SPY +0.6%), WTI crude fell to the 52 handle while the US dollar is in the 101's. A measure of U.S. inflation expectations rose for a second straight month to its highest level since mid-2015.

Todays S&P 500 Chart

The Market in Perspective

Here are the headlines moving the markets.

Wall Street closes higher, S&P tops $20 trillion

NEW YORK (Reuters) - U.S. equity indexes hit record highs on Monday, with the benchmark S&P 500's market value topping $20 trillion as investors bet tax cuts promised by President Donald Trump would boost the economy.

Trump says will be 'tweaking' outstanding trade relationship with Canada

WASHINGTON (Reuters) - President Donald Trump said on Monday the United States will be "tweaking" its trade relationship with Canada, unlike its trade ties with Mexico where it faces a more severe situation.

U.S. inflation expectations at highest level since 2015: NY Fed

NEW YORK (Reuters) - A measure of U.S. inflation expectations rose for a second straight month in January to its highest level since mid-2015, according to a Federal Reserve Bank of New York survey released on Monday that reinforced the view that interest rates would keep climbing.

Verizon's move to unlimited data ups ante in wireless war

NEW YORK (Reuters) - Verizon Communications Inc's announcement that it will once again offer an unlimited pricing plan marks a shift in its thinking as a price war among the four biggest U.S wireless carriers accelerates.

Germany wants Greece in euro zone, IMF says no special deals

BRUSSELS/BERLIN (Reuters) - Germany on Monday voiced support for Greece to stay in the euro zone and the European Commission dispatched a senior official to Athens to persuade it to take on further reforms to salvage its bailout accord.

Allergan to buy fat-fighter Zeltiq Aesthetics for $2.48 billion

(Reuters) - Botox maker Allergan Plc agreed to pay $2.48 billion in cash for Zeltiq Aesthetics Inc , adding a system that it says helps people slim down by freezing fat away to the company's line-up of aesthetic products.

GM, Toyota says U.S. rules limiting self-driving cars need to be eased

WASHINGTON (Reuters) - General Motors Co and Toyota Motor Corp officials will tell a U.S. House panel on Tuesday that automakers need changes to automotive safety rules to allow the deployment of self-driving cars on American roads.

Tesla targets Middle East drive with Dubai debut

DUBAI (Reuters) - Tesla Inc has started selling its luxury electric cars in Dubai, marking its first foray into the Middle East.

Toshiba to issue business risk warning on Tuesday: Nikkei

(Reuters) - Toshiba Corp will issue on Tuesday its first-ever warning that it may not be able to continue as a going concern, following massive nuclear-related losses, the Nikkei reported.

Apple Rally Marks Super-Early Start of iPhone Cycle

Apple's stock is already nearing the peak multiple of past iPhone supercycles.

The Suddenly Rising Cost of Making a Car

A jump in automotive commodity prices adds to car makers' worries in 2017.

The Coming Drought in Corporate Bonds

House Republicans' plans to let companies repatriate foreign profits and deny deductions on interest could cut into bond issuance.

Bond Report: Treasury yields rise for 3rd session in a row ahead of Yellen's comments

Treasury yields rose on Monday for the third straight session as investors awaited Federal Reserve Chairwoman Janet Yellen's testimony before Congress on Tuesday.

Millennial women face new mental health struggles in the workplace

Young workers today report higher rates of depression than any other generation.

Chemours stock and bonds rally as DuPont splits settlement of toxic chemical suits

Chemours stock jumps to record level after news of settlement of more than 3,000 personal injury lawsuits.

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To contact me with questions, comments or constructive criticism is always encouraged and appreciated:

gary@econintersect.com

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