Top

Blog

US Futures Fall After Weaker Data #Futures #Fed #Jobless

US Futures fall after weaker data.  After rebounding early this morning, futures began retreating again after a report from the Philadelphia Fed showed that the business outlook in June was well below forecasts.  In other data, weekly jobless claims came in slightly below forecasts at 218k.  European stocks are falling across the board as Italian banks lag.  Asian shares closed mixed, with Chinese markets lagging, as trade news dominates the headlines.

Continue reading
16 Hits

US Futures Rise as Investors Shake-Off Trade Tensions #Futures #Trade #Oil

US Futures rise as investors shake-off trade tensions.  Trade concerns rattled the markets on Monday and Tuesday, but futures are rising this morning as investors digest the news.  Later this morning, markets will get a look at existing home sales from May and crude oil and gasoline inventories from last week.  European shares are also higher as basic materials stocks bounce back from yesterday’s rout.  Asian shares closed higher as consumer and technology shares bounce back.

Continue reading
21 Hits

US Futures are Lower as Trade Disputes Escalate #Futures #Tariffs #China

US Futures are lower as trade disputes escalate. President Trump announced plans to identify an additional $200B of Chinese imports that the U.S. could potentially slap a 10% tariff on. China responded that they would retaliate if the U.S. was to take these additional measures. On the data front, May housing starts rose more than expected, rising 5%, while permits fell more than expected, falling 4.6%. European shares are trading lower on trade concerns with basic material stocks leading lower. Asian shares closed sharply lower with technology shares leading lower.

Continue reading
20 Hits

US Futures are Lower to Start the Week as Trade Concerns are in Focus #Futures #Trade #Industrials

US Futures are lower to start the week as trade concerns are in focus.  With trade uncertainty, industrial shares in the U.S. are lagging.  Later this morning, the market will get a read on home-builder confidence for June, with expectations for no change this month.  European shares are trading lower, with automobile stocks lagging, as trade tensions continues to dominate the headlines.  Asian shares closed lower with technology shares lagging.

Continue reading
36 Hits

US Futures are Lower After President Trump Confirmed Tariffs on Chinese Goods #Trump #China #Tariffs

US Futures are lower after President Trump confirmed tariffs on Chinese goods.  President Trump confirmed the levy of 25% tariffs on $50B of Chinese goods beginning in July.  President Trump also confirmed that a second round of tariffs is ready for implementation if China retaliates with tariffs of their own.  On the data front, the June Empire Manufacturing survey came in stronger than expected, pointing to additional strength in the manufacturing sector.  Later this morning the market will get a look at industrial production from May and a preliminary read on consumer sentiment from June.  European shares are mostly lower a day after the ECB confirmed the tapering of their bond purchase program.  Asian shares closed mixed as the markets awaited details on trade tariffs.  The BOJ announced no changes to their policy at this time.

Continue reading
40 Hits

US Futures are Lower After President Trump Confirmed Tariffs on Chinese Goods #futures #tariffs #ECB

US Futures are lower after President Trump confirmed tariffs on Chinese goods.  President Trump confirmed the levy of 25% tariffs on $50B of Chinese goods beginning in July.  President Trump also confirmed that a second round of tariffs is ready for implementation if China retaliates with tariffs of their own.  On the data front, the June Empire Manufacturing survey came in stronger than expected, pointing to additional strength in the manufacturing sector.  Later this morning the market will get a look at industrial production from May and a preliminary read on consumer sentiment from June.  European shares are mostly lower a day after the ECB confirmed the tapering of their bond purchase program.  Asian shares closed mixed as the markets awaited details on trade tariffs.  The BOJ announced no changes to their policy at this time.

Continue reading
38 Hits

Global Stocks Bounce After ECB Policy Statement #ECB #FOMC #Inflation

Global stocks bounce after ECB policy statement.  Yesterday, U.S. stock lost ground after the FOMC policy statement.  As expected, the FOMC raised the federal funds rate by 0.25% on a 8-0 vote.  The language coming out of the meeting was a bit more hawkish than expected and the 2018 Dot Plots show that two more rate hikes are expected this year.  Lastly, Fed Chairman Powell stated that beginning next year, the chairman will hold a press conference after every meeting.  In economic data, claims fell to 218K last week, lower than expected.  May retail sales rose more than expected, rising 0.8% m/m and 0.9% ex-auto.  On the inflation front, Import and export prices both rose more than expected in May, rising 0.6%.  Today, futures gained traction after the ECB policy statement.  The ECB announced that policy rates remain unchanged, however, they will reduce bond purchases from the current 30B euro to 15B euro in October and then to zero come January on 2019.  While net new purchases will end, the ECB will continue to reinvest the principal from maturing securities that were purchased under the current asset purchase program.  Asian shares closed lower following the retreat in U.S. equities after the Fed raised rates 0.25%.  In economic data, Chinese industrial production, retail sales and fixed investment were all lower than expectations in May.

Continue reading
31 Hits

US Futures Pare Gains After Hotter Producer Price Report #Futures #ProducerPrice #FOMC

US Futures pare gains after hotter producer price report.  Producer prices rose 0.3% m/m and 3.1% y/y, both higher than estimates.  Producer prices excluding food and energy rose 0.3% m/m and 2.4% y/y, also both higher than estimates.  Later this morning the market will get the latest read on crude and gasoline inventories.  At 2:00pm, the much anticipated FOMC policy announcement will be released with the market expecting a 0.25% raise in the range to a new range of 1.75-2.00%.  The announcement will be followed by a 2:30pm press conference by Fed Chairman Jerome Powell.  European shares are mostly higher despite a weaker than expected euro-area industrial production numbers from April.  Asian shares closed mostly lower with financials and material stocks lagging, while utilities outperformed.

Continue reading
33 Hits

US Futures get a Slight Bump Higher After Data #CPI #TrumpKimSummit #TreasuryBudget

US Futures get a slight bump higher after data.  The May consumer price index was in-line with expectations according to the most recent data from the Bureau of Labor Statistics.  May inflation data showed prices rose 0.2% m/m and 2.8% y/y, as expected.  Core CPI was also in-line with expectations, rising 0.2% m/m and 2.2% y/y.  In political news, President Trump and North Korean leader Kim Jong Un made history with a face-to-face meeting last night in Singapore.  The meeting went well and the two leaders signed a vague agreement to further build relations between the two countries and move toward denuclearization of North Korea.  Later today the government will release data on the Treasury budget from May, with expectations of a $144B deficit for the month.  European shares are mostly lower, failing to hold on to earlier gains, as financials and material stocks lag.  Asian shares closed mostly higher as the historic meeting between President Trump and North Korean leader Kim Jong Un seemed to go well with hope for future progress.

Continue reading
35 Hits

United Asset Strategies, Inc. is pleased to announce Lee DeLorenzo is included in Barron's 100 Top Women Advisors for her 9th consecutive year #Barron’s #WomenAdvisors #9years

Lee DeLorenzo, President of United Asset Strategies, Inc. has been named to this year’s Barron’s 100 Top Women Advisors across America list.  Lee was ranked 88th in this year’s list improving upon last year’s ranking of 95th.  Importantly, while there were 15 new advisors added to this year’s list, Lee has made the list each of the past 9 years, a stellar achievement.  
 
To compile this list, Barron’s researched, interviewed and assigned a nationwide ranking to each nominee.  Barron’s rankings reflect the volume of assets overseen by the advisors, quality of the advisors’ practices and revenues generated for the firm.
 
For the complete list and more, please visit https://www.barrons.com/articles/top-100-women-financial-advisors-1528470203
Continue reading
46 Hits

US Futures are Nearly Unchanged Ahead of a Busy Week for Global Policy #Futures #FederalReserve #NorthKorea

US Futures are nearly unchanged ahead of a busy week for global policy.  This week will feature policy updates from the U.S. Federal Reserve, the ECB and the Bank of Japan.  In additional to central bank policy, President Trump will be meeting with North Korean leader Kim Jong Un on Tuesday in Singapore, in a long-awaited meeting to discuss the denuclearization of North Korea.  European shares are higher with financial stocks leading higher.  Asian shares closed mostly higher, erasing earlier losses, as investors remain cautious ahead of a big week for global markets.

Continue reading
42 Hits

US Futures are Lower as Investors take Caution Heading into the Weekend #Futures #Trump #Tariffs

US Futures are lower as investors take caution heading into the weekend.  The G-7 Summit is taking place in Quebec, Canada beginning today.  President Trump says he plans to leave early and has sparked controversy with his latest tweets regarding France and Canada’s tariffs.  European shares are mixed, however, Germany lagged on disappointing industrial production data from April.  Asian shares closed lower with technology shares leading lower.

Continue reading
40 Hits

US Futures are Slightly Higher as Jobless Claims Fall #Jobs #ZTE #China

US Futures are slightly higher as jobless claims fall.  First time claims for unemployment insurance fell to 222k last week, lower than expectations of 225k.  In other news, Commerce Secretary Wilbur Ross told CNBC this morning that the U.S. has officially struck a deal to end sanctions against Chinese telecom giant ZTE.  The deal negations on ZTE have been viewed as a bargaining chip in the greater trade discussion.  European shares are higher despite discussions of how and when to end QE in the euro area.  German industrial production fell 2.5% in April, more than expected.  Asian shares closed mostly higher with Japan’s Nikkei leading the gains.

Continue reading
44 Hits

US Futures are Higher, but have Pared Gains After Weaker Data #Futures #Inflation #Oil

US Futures are higher, but have pared gains after weaker data.  The second look at Q1 productivity came in lighter than expected, showing a rise of 0.4% annualized rate, below the first look at 0.7%.  On the inflation side, the second estimate for unit labor costs ticked up to 2.9% from 2.8%.  Later this morning the market will get the most recent inventory data for crude and gasoline.  European shares are mostly higher with most sectors trading in positive territory.  Asian shares closed higher as technology shares led gains.

Continue reading
35 Hits

US Futures are Trading Near Unchanged After Back-to-Back Gains #Futures #Nasdaq #Technology

US Futures are trading near unchanged after back-to-back gains. Yesterday, the Nasdaq composite index made a new all-time closing high as technology shares continue to lead higher. Later this morning, the market will get a look at the ISM non-manufacturing index from May and job openings from April. European shares have bounced from earlier losses as technology shares rebound, despite a weaker than expected euro area PMI report. Asian shares closed mostly higher despite weaker energy related names.

Continue reading
42 Hits

US Futures are Higher as Stocks Look to Extend Friday’s Gains #Futures #Jobs #Europe

US Futures are higher as stocks look to extend Friday’s gains.  Markets gained on Friday after a stronger than expected May jobs report.  Later this morning, markets will get a look at factory orders from April, with analysts expecting a drop of 0.4%.  European shares are higher with most sectors trading higher as M&A talks heat-up in the financial sector.  Asian shares closed broadly higher with China’s Hang Seng leading higher.

Continue reading
15 Hits

US Futures are Higher After Strong Jobs Data #Futures #Unemployment #Manufacturing

US Futures are higher after strong jobs data. The US economy added more jobs than expected in May, adding 223k jobs and the unemployment rate dropping to 3.8%. Later this morning the market will get a final look at May PMI, May ISM manufacturing index and construction spending from April. European shares are higher as Italy agreed on a coalition government. European banks are leading higher with Italian banks surging. Asian shares closed mixed as investors take caution over trade concerns.

Continue reading
42 Hits

US Futures are Flat After Data #Futures #HomeSales #Income

US Futures are flat after data.  Jobless claims from last week were slightly below expectations at 221K.  In April, personal income matched expectations, while spending rose greater than expected.  On the inflation front, PCE was reported inline with expectations.  Later this morning the market will get a look at Chicago PMI from May, pending home sales from April and oil and gas inventories from last week.  European shares are mostly higher, however, automaker stocks lagged as fears that President Trump could block German cars from the U.S..  Asian shares closed higher after rebounding from Wednesday’s decline.

Continue reading
50 Hits

US Futures Remain Higher After Jobs and GDP Data #Payrolls #Jobsday #GDP

US Futures remain higher after jobs and GDP data.  ADP reported that private payrolls increased by 178K in May, below expectations of 187k. A second look a Q1 GDP was slightly lower than the first look, with a 0.1% revision lower to 2.2%. Later this afternoon, the Fed’s Beige Book will provide an update to the economic conditions in the 12 Federal Reserve districts. European shares are mostly higher as markets get some relief form the recent sell-off in Italian bonds.  Euro area sentiment fell slightly in May from 112.7 to 112.5. Asian shares closed lower after playing catch-up to the U.S. and Europe from the previous session. Greater China lagged the most with financial stocks underperforming

Continue reading
39 Hits

US Futures are Lower as Global Markets Retrace #Bonds #Italy #Europe

US Futures are lower as global markets retrace.  Global markets are trading lower as the markets question whether Italy can form a ruling coalition government and restore political order in the country.  Italian bond yields are surging as investors look for safety in US and German government bonds.  Later this morning in the U.S., markets will get a look at home prices from March and May consumer confidence.  European shares are solidly negative with Italian and Spanish stocks down nearly 3%.  Asian stocks closed mostly lower as European political turmoil takes center stage.

Continue reading
44 Hits

US Futures are Lower on Low Volume Going into the Holiday Weekend #Futures #NorthKoreaSummit #MemorialDayWeekend

US Futures are lower on low volume going into the holiday weekend.  Trading will likely be light today as traders get a head-start on the weekend.  U.S. markets are closed on Monday in observance of Memorial day.  In economic data, April durable good were lower than expected, with new orders falling 1.7%.  Later thins morning the market will get a final read on May consumer sentiment.  European shares are higher on strong earnings.  Most sectors are trading in positive territory.  Asian shares closed mostly lower after President Trump announced plans to cancel a scheduled summit with North Korea President Kim Jong Un.

Continue reading
51 Hits

Lee DeLorenzo Featured in Barron's "Secrets of Success: Lee DeLorenzo"

United Asset Strategies, Inc. is pleased to announce Barron’s profile on Lee DeLorenzo in “Secrets of Success: Lee DeLorenzo”. She is the first to be covered in the “Secrets of Success” series that aims to share insights and successes from some of the best advisors in the business. Lee DeLorenzo shares her expertise on hot button topics and explains how she protects assets from market volatility.  

Please click on the link for the article:

https://www.barrons.com/amp/articles/secrets-of-success-lee-delorenzo-1527017097

Continue reading
20 Hits

US Futures are Lower After Data #Future #Unemployment #Imports

US Futures are lower after data.  The Labor Department said initial claims for unemployment claims rose 11k last week to 234k, slightly above estimates.  Later this morning the market will get a look at existing home sales from April which is expected to be unchanged at an annualized rate of 5.6M.  President Trump announced the Department of Commerce has opened an investigation into automobile imports.  The news of the investigation gave a lift to U.S. automakers in pre-market trading.  European shares are mostly lower with automobile stocks leading the losses and technology shares outperforming.  Asian shares closed mostly lower with Japan’s Nikkei leading the losses as auto stocks underperformed.

Continue reading
47 Hits

US Futures are Lower as Global Markets Retreat #Futures #Oil #LOW #TGT

US Futures are lower as global markets retreat.  In the U.S., disappointing earnings from retailers Target and Lowe’s dragged down retail stocks.  Market-moving data to be released later this morning include an early look at May PMI, crude and gasoline inventories from last week, April new home sales and the minutes from the May FOMC meeting.  European shares are being led lower by Italy as political tensions have caused Italian Government bonds to fall.  Asian shares closed mostly lower as trade talks continue to dominate the headlines.

Continue reading
52 Hits

US Futures are Higher as China Trade Discussions Advance #Futures #China #Trade

US Futures are higher as China trade discussions advance.  US futures rose after President Trump announced the U.S. would lift a ban on American companies selling to Chinese telecommunications company ZTE.  This news comes as China agreed to lower the tariffs on imported automobiles from 25% to 15%.  European shares are higher with most sectors trading higher and automobile shares leading higher.  Asian shares closed mixed with Chinese exchanges getting a late rally to turn positive.

Continue reading
51 Hits

US Futures are Higher as the U.S. Suspends Tariffs While Trade Talks Progress #Futures #China #Trade

US Futures are higher as the U.S. suspends tariffs while trade talks progress. Treasury Secretary Steven Mnuchin said that progress has been made with Chinese trade discussions and the U.S. has agreed to halt tariffs while discussions continue. U.S. industries that stand to benefit from recent discussions are agriculture and energy firms as China may begin importing more of these products from the U.S. European shares are mostly higher with Italy lagging on continues political tension. German markets are closed for public holiday. Asian shares closed mostly higher as China/U.S. trade negotiations move forward.

Continue reading
54 Hits

US Futures are Hovering Near Unchanged #futures #trade

US Futures are hovering near unchanged.  Futures have lost steam over the last hour, with only the DJIA futures now in positive territory.  Skepticism that a trade deal can be reached between the U.S. and China has weighed on the markets after the second round of negotiations yesterday.  There is no scheduled economic data for release today.  European shares are trading lower with telecom stocks leading to the downside.  Despite today’s market performance, European shares are looking to record their eight straight week of gains.  Asian shares closed mostly higher despite concerns over trade.

Continue reading
59 Hits

US Futures are Flat as Yields Rise and Softer Housing Data #Futures #Treasury #Housing #Oil

US Futures are flat as yields rise and softer housing data.  US markets retreated yesterday after the 10 yr Treasury broke firmly above 3%.  This morning, the Commerce Department reported that housing starts fell more than expected in April, dropping 3.7%.  Building permits also fell in April, dropping 1.8%.   Later this morning the market will get a look at April industrial production and crude oil and gasoline inventories from last week.  European shares are mixed after a tame inflation report in Germany.  Sector performance was mixed, however, materials stocks led gains.  Asian shares closed mostly lower as geopolitical uncertainty resurfaced as North Korea called off talks with the south.

Continue reading
66 Hits

US Futures are Lower After Data #Futures #Manufacturing #Retail #Homebuilder

US Futures are lower after data.  The Commerce Department reported that retail sales rose 0.3% in April, matching economists forecasts.  When automobiles and gasoline are removed, retail sales were slightly below estimates.  The Empire manufacturing index rose more than expected in May, rising to 20.1, higher than the 15.5 consensus estimate.  Later this morning the market will get a look at business inventories from March and a read on homebuilder confidence in May.  European shares are higher with most sectors positive, however, telecommunications stocks are lagging.  Asian shares closed mostly lower with financials and technology shares underperforming.

Continue reading
64 Hits

US Futures are Higher Following a Strong Week for the Major Indices #Futures #SPX #DJIA

US futures are higher following a strong week for the major indices. US stocks advanced approximately 2.5% last week, moving the S&P 500 and DJIA back into positive territory year-to-date.  There is no scheduled economic data for release today.  European shares are lower with energy stocks retreating.  Asian shares closed mostly higher with trade talks in focus, following positive comments from President Trump over the weekend.

Continue reading
64 Hits

US Futures are Slightly Higher to End a Strong Week for the Major Indices #Futures #SPX #Stocks

US Futures are slightly higher to end a strong week for the major indices.  The S&P 500 rallied over 2% this week through Thursday, breaking short-term downtrend resistance levels.  On the data front, April import prices rose less than expected, rising 0.3% last month.  In contrast, export prices rose more than expected, rising 0.6% last month.  At 10am, the market will get a preliminary read on May consumer confidence.  European shares are mixed with material stocks leading higher.  Asian shares closed mostly higher with technology and financial shares leading the gains.

Continue reading
75 Hits

US Futures are Higher as April Inflation was Below Expectations #Inflation #CPI #TreasuryBudget

US Futures are higher as April inflation was below expectations.  April consumer price index show prices rose 0.2% m/m and 2.5% y/y.  When excluding food and energy, prices were up 0.1% m/m and 2.1% y/y.  Jobless claims were unchanged last week at 211K, but below expectations of a rise to 220k.  Later this afternoon the Treasury will release their latest budget information which is expected to show an $88B surplus due to high tax receipts in April.  European shares are mixed with weakness in telecommunications stocks.  Earlier, the BOE left interest rates unchanged as expected.  Asian markets closed higher as energy shares continue to lead markets higher. 

Continue reading
71 Hits

United Asset Strategies Makes Forbes' Top Women Wealth Advisors

United Asset Strategies, Inc. is pleased to announce it has been named to this year's Forbes' Top Women Wealth Advisors list. The list spotlights over 250 standout financial strategists across the country. To compile this list Forbes researched, interviewed and assigned a nationwide ranking to each nominee. United was ranked in the top 25% of advisors on this nationwide list.

Please click on the link for the article:
https://www.forbes.com/top-women-advisors/

Continue reading
80 Hits

US Futures are Higher a Day After President Trump Announced the Withdrawal From the Iran Nuclear Deal #IranDeal #PPI #Futures

US Futures are higher a day after President Trump announced the withdrawal from the Iran nuclear deal.  Energy stocks are leading the pre-market advance as crude oil prices are rising.  At 10:30am, the energy markets will get the latest read on crude and gasoline inventories from last week.  Earlier this morning the Bureau of Labor Statistics reported that the PPI rose less than expected in April, rising by 0.1% m/m.  When food and energy are excluded, PPI rose 0.2% m/m, in-line with forecasts.  European shares are mixed with energy stocks leading outperforming.  Asian shares closed mixed as markets tried understand the ramifications of the U.S. withdrawal from the Iran nuclear deal and potential effects to the energy markets.

Continue reading
74 Hits

US Futures are Lower Ahead of President Trump's Decision on the International Nuclear Agreement #futures #oil

US Futures are lower ahead of President Trump’s decision on the international nuclear agreement.  Later this afternoon, President Trump is expected to announce a decision to withdraw from the Iran Nuclear deal that was negotiated between Iran and the U.S., China, France, Germany, Russia and the U.K..  A withdrawal from this agreement would open Iran to U.S. sanctions and likely curb Iran’s oil exports, with the potential to withdraw up to 500,000 barrels/day from the market.  European shares are lower as energy shares lag ahead.  Asian shares closed mostly higher with strength in technology shares.

Continue reading
69 Hits

US Futures are Higher as Energy Stocks Gain on Higher Oil Prices #futures #oil #earnings

US Futures are higher as energy stocks gain on higher oil prices.  Crude oil is trading above $70/barrel for the first time since late 2014, giving energy stocks a boost.  On the earnings front, earnings season is winding down with more than 85% of S&P 500 companies having reported earnings already.  European shares are trading higher with technology stock leading the way.  Asian shares closed mixed as trade concerns remain in focus.

Continue reading
83 Hits

US Futures Fall After Employment Data #futures #jobsday #payrolls

US Futures fall after employment data.  Non-farm payrolls rose less than expected in April, rising 164K.  The labor force participation rate fell to 62.8% and the unemployment rate dropped to 3.9%.  Wage inflation was lower than expected with average hourly earnings gaining 0.1% m/m and 2.6% y/y, both less than expected.  European shares are mostly higher with material stocks leading the gains.  Asian shares closed mostly lower as markets get impatient awaiting developments in the U.S. and China trade talks.

Continue reading
86 Hits

US Futures are Lower as Trade Talks are in Focus #trade #inflation #futures

US Futures are lower as trade talks are in focus.  As the US and China are preparing to meet to discuss trade, the Trump administration is considering restricting Chinese telecommunications companies from selling to the U.S..   In economic data, jobless claims were lower than expected at 211k last week.  First quarter unit labor costs and productivity were both lower than expected at 2.7% and 0.7%, respectively.  The trade balance narrowed again in March to a deficit of $49B, vs estimates of $49.9B.  European shares are trading lower as eurozone inflation declined in April.  Asian shares closed mixed as technology shares underperformed.

 

Continue reading
82 Hits

US Futures are Mixed Ahead of FOMC Rate Decision #earnings #futures $FOMC

US Futures are mixed ahead of FOMC rate decision.  At 2pm the FOMC is expected to leave rates unchanged and the market will be looking for clues on inflation expectations and the future path of rate hikes.  ADP reported that private payrolls grew by 204k in April, higher then expected.  Later this morning the market will get a look at crude and gasoline inventories from last week.  European shares are higher on earnings news, shrugging off lower than expected euro zone manufacturing PMI.  Asian shares closed mostly lower, however, casino stocks outperformed on higher revenues.

 

Continue reading
83 Hits

US Futures are Flat on Mixed Earnings Results #earnings #PMI #tariff

US futures are flat on mixed earnings results.  Better than expected reports from several healthcare companies failed to lift markets as investors have not been impressed with recent strong earnings data.  President Trump announced he will delay tariffs on metal imports from Europe, Canada and Mexico for one month and granted a permanent exemption for Argentina, Australia and Brazil.  Later this morning the market will get a look at the PMI manufacturing index and ISM manufacturing index from April as well as March construction spending.  European shares are trading higher on strong earnings data.  Asian shares closed higher, however, several Asian markets were closed today for holiday.

Continue reading
86 Hits

US Futures are Higher to Close-Out April on Earnings and Merger News #earnings #futures $PCE

US Futures are higher to close-out April on earnings and merger news.  Strong earnings from McDonalds and T-mobile agreeing to buy Sprint has helped lift markets.  In addition to the T-mobile deal, Marathon Petroleum has agreed to buy Andeavor, Prologis has agreed to purchase DCT Industrial Trust and Marriott Vacations will buy ILG.  On the data front, personal income and outlays for April were reported mostly inline with expectations.  Later this morning the market will get a look at Chicago PMI from April and pending home sales from March.  European shares are mixed after weaker than expected retail sales data in Germany.  Asian shares closed higher on the final day of the month with financial stocks leading higher.

Continue reading
84 Hits

US Futures are Mixed After Earnings and Economic Data #earnings #economics #futures

US futures are mixed after earnings and economic data.  The Nasdaq futures are higher as better than expected earnings from Amazon, Microsoft and Intel helped lift stocks.  The first look at Q1 GDP was higher than expected, rising 2.3%.  The employment cost index rose slightly more than expected, rising 0.8% in the first quarter.  European stocks are trading mostly higher with technology stocks leading the gains.  Asian shares closed higher, led by China’s Hang Seng index.

Continue reading
92 Hits

US Futures are Higher After Strong Earnings #earnings #economics #futures

US Futures are higher after strong earnings.  Better than expected earnings from UPS, American Airlines, Pepsi and ConocoPhillips have helped lift markets.  On the data front, March headline durable goods was stronger than expected, however, core capital goods actually declined by 0.1% vs expectations of a 0.6% gain.  Weekly jobless claims were better than expected at 209k vs expectations of 230k.  The March trade deficit dropped much more than expected to -$68B vs expectations of -$74.5B.  European shares are trading higher, however, technology shares are lagging.  The ECB held interest rates unchanged at their latest policy decision announcement this morning.  ECB President Mario Draghi began his press conference at 8:30am ET to discuss the decision.  Asian shares closed mixed with financial stocks leading declines.

Continue reading
87 Hits

US Futures Pare Losses After Strong Earnings #earnings #bonds #futures

US Futures pare losses after strong earnings.  Strong earnings from Boeing helped reverse early losses this morning, with markets now trading only mildly lower.  Treasury yields have remained stubbornly high with the 10 year holding the 3% level overnight.  At 10:30am, the EIA will release the latest crude oil and gasoline inventories from the prior week.  European shares are mostly lower with materials stocks leading the declines.  Asian shares closed mostly lower as a risk-off sentiment prevailed during the market session.

Continue reading
97 Hits

US Futures are Higher as Earnings Season Kicks Into Gear #earnings #equities #futures

US Futures are higher as earnings season kicks into gear.  Over 180 S&P 500 companies will report first quarter earnings this week which will help provide direction for stocks.  Later this morning the market will get an early look at the Purchasing Managers Index for April as well as March existing home sales.  European shares are mixed with improving PMI’s in Germany and France and mixed earnings results.  Asian shares closed mostly lower with technology stocks leading the declines.

Continue reading
103 Hits

US Futures Are Flat To End The Week #earnings #GE #OPEC

US Futures are flat to end the week.  Positive earnings from the likes of GE and Honeywell have not been enough to push markets higher this morning.  Oil prices have retreated slightly after President Trump tweeted about OPEC keeping oil prices artificially high and pledged to do something about it.  There is no scheduled economic data this morning.  European shares are mixed with telecom stocks leading higher.  Asian shares closed lower with technology shares leading the decline.

Continue reading
126 Hits

US Futures are Lower as Oil and Treasury Yields Rise #earnings #bonds #futures

US Futures are lower as oil and Treasury yields rise.  Crude oil futures rose above $69 this morning, the highest level since late 2014.  The 10yr Treasury is approaching recent highs at 2.90%.  In economic data, weekly jobless claims were slightly higher than expected at 232K, while the Philadelphia Fed business outlook survey was stronger than expected in April at 23.2.  European shares are mixed with consumer goods companies underperforming.  Asian shares closed higher with China’s Hang Seng Index leading the advance.

Continue reading
109 Hits

US Futures are Trading Higher as Earnings Improve #earnings #FOMC #futures

US Futures are trading higher as earnings improve.  Strong earnings continue to provide a bid to the market.  Earnings from Morgan Stanley, United Continental and CSX have helped to lift shares this morning.  Later this morning crude and gasoline inventories will be released for last week.  At 2pm, the Fed’s Beige Book will give the market a look at economic conditions that the Fed will consider during their May 1-2 meeting.  European shares are mostly higher despite weaker than expected automobile registrations in Europe.  Inflation data in the U.K. and euro zone were softer than expected in March.  Asian shares closed higher, with bank stocks leading in China, after China’s central bank lowered the reserve requirements for most banks.

Continue reading
96 Hits

US Futures Look to Extend Monday's Gains #futures #earnings #stocks

US Futures look to extend Monday’s gains.  US futures are up around 0.6% premarket as earnings news dominates the headlines.  On the data front, March housing starts and building permits both beat expectations.  At 9:15am, the market will get a look at March industrial production.  European shares are trading higher despite a weaker than expected economic confidence number in Germany.  Materials shares are leading European markets higher.  Asian shares closed mostly lower.  Chinese Q1 GDP and March retail sales beat estimates, however, industrial output and fixed investment missed estimates.

Continue reading
108 Hits

US Futures are Higher as Earnings Take Focus

US Futures are higher as earnings take focus.  Several S&P 500 companies will report earnings this week with expectations for a strong quarter.  This morning, the market has ignored a weekend attack by the U.S., U.K. and France on several sites in Syria that were believed to be key locations for their chemical weapons program.  On the data front, March retail sales beat estimates, while the Empire manufacturing index for April was below expectations.  Later this morning the market will get a look at February business inventories and homebuilder confidence in April.  European shares are mostly lower, giving up earlier gains.  Asian shares closed mixed with Japan’s Nikkei leading to the upside.

Continue reading
116 Hits

© 2018 United Asset Strategies, Inc  666 Old Country Road, Suite 104  Garden City, NY 11530 | P. 516-222-0021 | F. 516-222-0163 | info@unitedasset.com| Privacy Policy | ADV