Written by Gary
US equities markets were higher on the first trading session of the year (SPY +0.5%), driven by technology and consumer discretionary stocks, setting the stage for another year of robust gains for equities.
Here is the current market situation from CNN Money | |
North and South American markets are broadly higher today with shares in Brazil leading the region. The Bovespa is up 1.64% while Mexico’s IPC is up 0.92% and U.S.’s S&P 500 is up 0.62%. |
Traders Corner – Health of the Market
State wage hikes will fatten worker paychecks by $5 billion
We can get 3% GDP growth this year, but it’s ‘a one-hit wonder,’ JP Morgan strategist says
Home prices are set to soar in 2018
Amazon has big plans for Alexa ads in 2018; it’s discussing options with P&G, Clorox and others
Shoppers racked up more than $1,000 in holiday debt
Amazon will buy Target in 2018, influential tech analyst Gene Munster predicts
Stocks kick off 2018 with gains; major indexes trade near records
The Dow is coming off an annual gain of 25% — here’s what typically happens next
How to potentially get a 30% return in three months with the ‘January Effect’
What should investors worry about in 2018? Here’s a big, fat list of risk factors
18 predictions for 2018 on the stock market, FAANGs and bitcoin
Beware of conventional wisdom about the stock market and an election 10 months away
What Is Moving the Markets
Here are the headlines moving the markets. | |
Wall Street off to strong start to 2018 as techs gain(Reuters) – Wall Street’s major indexes were higher on the first trading session of the year on Tuesday, driven by technology and consumer discretionary stocks, setting the stage for another year of robust gains for equities. | |
Boeing talks not considering change of control at Embraer: paperSAO PAULO (Reuters) – Tie-up talks between Boeing Co and Embraer SA do not contemplate a change of control at the Brazilian planemaker and are focused on joint ventures and joint business agreements, a Brazilian newspaper reported on Tuesday. | |
LeEco founder defies China return order, stays in U.S. for car fundraisingSHANGHAI (Reuters) – The founder of debt-laden tech conglomerate LeEco has defied orders from Chinese regulators to return to the country before the end of 2017, saying he needed to stay in the United States as a fundraising for his electric car business was making progress. | |
BP takes $1.5 billion hit over U.S tax changes, joining ShellLONDON (Reuters) – Oil giant BP will take a one-off $1.5 billion charge to adjust to new U.S. tax rules, joining rival Royal Dutch Shell and other companies, but expects a long-term boost from the corporate-friendly tax rates, it said on Tuesday. | |
Airbus delivered over 700 jets in 2017, met target-sourcesLONDON (Reuters) – European planemaker Airbus delivered over 700 aircraft in 2017, breaking company records and meeting its core industrial target for the year, industry sources said. | |
Speculators raised net short bitcoin positions in Dec 26 week: CFTCNEW YORK (Reuters) – Speculators raised net short position on bitcoin futures traded on Cboe Global Markets last week amid a selloff sparked by experts’ warnings of a bubble, according to data from the Commodity Futures Trading Commission released late Friday. | |
Hyundai Motor, Kia Motors flag slow sales recovery in 2018SEOUL (Reuters) – South Korea’s Hyundai Motor and Kia Motors on Tuesday flagged 4 percent sales growth in 2018, suggesting a slow recovery from a slump linked to their lack of SUVs in the United States and diplomatic tensions with China. | |
Ryanair applies for UK license to shore up routes before BrexitDUBLIN (Reuters) – Ryanair recently applied for a British air operating license in a move it said on Tuesday may be required to keep its small domestic UK service operating in the event of a hard Brexit. | |
Oil hits highest since mid-2015, then dipsLONDON (Reuters) – Oil prices eased on Tuesday after hitting mid-2015 highs in early trading, as major pipelines in Libya and the UK restarted and U.S production soared to the highest in more than four decades. | |
Nasdaq Jumps, Dow Dumps As VIX Plunges Back Below 10Nasdaq Jumps, Dow Dumps As VIX Plunges Back Below 10 Tyler Durden Tue, 01/02/2018 – 12:10 | |
Gas Wars – Will The Eastern Med Be The Scene Of The First Conflict Of 2018?Gas Wars – Will The Eastern Med Be The Scene Of The First Conflict Of 2018? Tyler Durden Tue, 01/02/2018 – 11:53 | |
“Black Cities Are Still Bleeding To Death”: Baltimore Pastor Blames Police Absence For Surge In Killings“Black Cities Are Still Bleeding To Death”: Baltimore Pastor Blames Police Absence For Surge In Killings Tyler Durden Tue, 01/02/2018 – 11:33 | |
Revisiting Bob Farrell’s 10-Rules Of InvestingRevisiting Bob Farrell’s 10-Rules Of Investing Tyler Durden Tue, 01/02/2018 – 11:16 | |
Bright Side of Higher Treasury YieldsThere could be serious problems in financial markets if long-term interest rates rise in 2018. There could be serious problems if they don’t. | |
Games Growth Not a Given in ChinaSelling smartphone games in China has been one of the best businesses in the world in the past few years. But can the companies involved, like tech giant Tencent, keep hitting the high scores? | |
Europe’s 2018 Challenge: Keeping the Good News ComingThe eurozone economy performed so well in 2017 that some analysts started using the term “Euroboom” unironically, while the euro strengthened and European stocks rose. The challenge for 2018 is to maintain momentum and avoid any setbacks that might damage the goodwill built up in 2017. | |
The Tell: Stock-market volatility could return in a big way in January: Goldman SachsThe U.S. stock market wasn’t just unusually quiet in 2017, it was historically quiet, with basically no volatility or pullbacks, and major indexes shrugging off all manner of headwinds as they rose to a record number of records. However, the calm of the market may soon be coming to an end. | |
Currencies: Dollar slumps for 5th straight day to lowest since SeptemberThe dollar slumps on Tuesday, the first full trading day of 2018, with a key dollar index falling for a fifth-straight session to trade at a more than three-month low as traders pondered what’s next for interest rates and the economy. | |
Do this one thing if you want to succeed with your New Year’s resolutionsMost Americans have three things they want to achieve in 2018. |
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