Top

Blog

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
21 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
3 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
19 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
29 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
29 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
29 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
34 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
41 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
39 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
45 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
58 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
55 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
58 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
62 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
55 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
69 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
62 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
58 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
60 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
68 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
61 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
75 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
67 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
77 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
83 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
106 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
97 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
87 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
97 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
104 Hits

US Futures are Higher as Earning Season Kicks Into Gear

US Futures are higher as earnings season kicks into gear.  Citigroup, Wells Fargo and J.P. Morgan Chase all reported earnings this morning that beat analyst estimates, giving a strong start to the Q1 earnings season.  Later this morning the market will get a preliminary read on April consumer sentiment and February job openings.  European shares are higher with material stocks leading the gains.  Asian shares closed mixed as Chinese exports in March missed expectations.

Continue reading
101 Hits

US Futures Rise After President Trump Clarifies Tweet About Syria

US Futures rise after President Trump clarifies tweet about Syria.  In an early morning tweet today, President Trump said that an attack on Syria was not necessarily imminent.  The latest tweet was enough to send futures higher by 0.5%.  In economic data, jobless claims fell by 9k to 233k last week.  March import prices were unchanged for the month, while export prices rose more than expected.  On an annual basis, import prices rose 3.6% y/y, while export prices are up 3.4% y/y.  European shares are higher with energy stocks leading the advance.  Asian shares closed lower with the Chinese Shanghai leading the declines.

Continue reading
115 Hits

US Futures are Lower as Tension With Russia Over Syria is Front and Center

US Futures are lower as tension with Russia over Syria is front and center.   President Trump advised Russia to be ready for missiles launched at Syria as Russia vowed to shoot them down.  US futures immediately reacted to the tweets, dropping 100 Dow points.  In economic data, CPI was softer than expected on a month-over-month basis, however, core and year-over-year data were inline with expectations.  Later this morning the market will get the latest readings on crude and gasoline inventories.  At 2pm, the Fed will release the minutes from the March meeting.  The market will be looking for any discussion on the trade dispute affecting policy and/or any changes in style as Jerome Powell takes the lead.  European shares are lower with consumer stocks leading the decline.  Asian shares closed mixed, failing to hold on to gains.  Japanese shares closed lower despite a better than expected core machinery orders in February.

Continue reading
117 Hits

US Futures Rise as Chinese President Xi Jinping's Comments Points to Trade Progress

US Futures rise as Chinese President Xi Jinping’s comments points to trade progress.  Chinese President Xi Jinping announced plans to reduce tariffs on imported automobiles and other products and is committed to enforcing intellectual property rights of foreign companies.  In economic data, March producer prices rose more than expected, rising 0.3% m/m.   European shares are higher with materials stocks leading the advance.  Asian shares bounced after President Xi’s remarks and closed higher across the board.

Continue reading
127 Hits

US Futures are Looking to Bounce Back After Friday's Decline

US Futures are looking to bounce back after Friday’s decline.  US futures are rising around 0.5% this morning as technology stocks and commodities rebound.  There is no economic data scheduled for release today.  European shares are mixed with financial stocks outperforming.  In Germany, exports unexpectedly fell in February, marking the largest drop since 2015.  Asian shares closed higher with technology and financial stocks leading the gains.  Markets will be monitoring a planned speech by Chinese President Xi Jinping on Tuesday for further details on trade discussions.

Continue reading
111 Hits

FUTURES REMAIN LOWER AFTER JOBS DATA

 

Futures remain lower after jobs data.  March non-farm payrolls rose less than expected, rising by 103K for the month.  The unemployment rate held steady at 4.1% while the participations rate fell slightly to 62.9%.  On the wage front, average hourly earnings were in-line with expectations rising 0.3%m/m and 2.7% y/y.  Late yesterday, President Trump said the US should consider an additional $100B in tariffs against China and China responded that they will fight back against any additional US actions.  Later this afternoon, Federal Reserve Chair Jerome Powell with be speaking at the Economic Club of Chicago.  European shares are lower with basic material stocks leading the declines.  Asian shares closed mixed despite trade rhetoric.

 

US Futures Lower / Asia Mixed / EU Lower / WTI @ 63.17 -0.37 / Brent 68.13 -0.20 / Nat Gas @ 2.70 +0.02 / Gold @ 1325.44 -1.13 / Platinum 910.03 -2.52 / Silver @ 16.42 +0.06 / Copper @ 3.04 -0.04 / AGS Mixed / Euro @ 1.2221 -0.0019 / 10 Yr UST @ 2.81% / 30 Yr @ 3.06%

 

 

DISCLAIMER: THIS MATERIAL MAY CONTAIN INACCURACIES AND TYPOGRAPHICAL ERRORS. UNITED ASSET DOES NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE MATERIALS OR THE RELIABILITY OF ANY ADVICE, OPINION, STATEMENT OR OTHER INFORMATION DISPLAYED OR DISTRIBUTED THROUGH THE SITE.

 


Continue reading
111 Hits

US Futures extend rally from strong rebound on Wednesday.

 

Stocks bounced yesterday after the Trump administration downplayed concerns over a trade war.  On the data front, weekly jobless claims rose 24k last week to 242K, slightly higher than expected.  The international trade deficit grew more than expected to 57.6B in February.  European shares are rallying with technology shares leading the gains in mid-day trading.  German new manufacturing orders came in lower than expected in the latest reading.  Asian shares closed mostly higher as trade war fears ease.


Continue reading
127 Hits

US FUTURES DROP AFTER RETALIATORY TARIFF PROPOSAL BY CHINA.

 

China has proposed a 25% tariff on over 100 US exports including automobiles, soybeans, aircraft, orange juice and many others.  This additional tariff would be on top of any tariffs already in place.  On the data front, the March ADP employment report came in stronger than expected as private companies added 241k jobs for the month and February was revised higher by 11k jobs.  Later this morning the market will get data on February factory orders and the March ISM non-manufacturing index.  European shares are trading lower with technology shares leading the decline.  Asian markets closed mixed with Japan’s Nikkei closing slightly higher.

 

Continue reading
125 Hits

US Futures Rebound After Yesterday's Rout

US Futures rebound after yesterday’s rout.  US futures are rising by more than 0.75% as stocks look to bounce back after a rough start to Q2.  On the data front, March motor vehicle sales will be released with a consensus estimate for 17M annualized unites.  In a surprise announcement, GM said going forward they will no longer announce monthly sales figures and will move to quarterly reporting to smooth-out the sales figures.  European shares are mostly lower, with technology shares lagging, in their first trading day after the Easter Monday holiday.  Asian shares closed mostly lower with technology shares lagging.

Continue reading
130 Hits

US Futures Are Lower on the First Trading Day of Q2

US Futures are lower on the first trading day of Q2.  After nine consecutive quarterly gains for S&P 500 stocks, the S&P 500 recorded its first quarterly loss since the third quarter of 2015.  To start the quarter, this week will see heavier than usual economic data.  Later this morning the market will get a look at the March PMI manufacturing index, ISM manufacturing index and February construction spending.  To end the week we will get readings on March employment and wage situation.  Most European markets are closed today for Easter Monday.  Asian shares closed mostly lower after China announced a new round of tariffs on US goods.

 

Continue reading
128 Hits

US Futures are Higher on the Final Trading Day of Q1

US Futures are higher on the final trading day of Q1.  On the economic front, weekly jobless claims fell 12k to 215k.  February personal income and spending both matched expectations with income rising 0.4% and spending rising 0.2%.  Core PCE was slightly higher than expectations, rising 1.6% yoy.  Later this morning the market will get data on Chicago PMI and a final read on March consumer sentiment.  European stocks are trading higher after German unemployment fell to 5.3%, a record low.  Asian shares closed mostly higher with China’s Shanghai leading the gains.  Technology shares continued to lag other sectors.

 

Continue reading
128 Hits

US Futures Are Trying To Hold Gains After Data

US Futures are trying to hold gains after data.  The final read of Q4 GDP came in stronger than expected at 2.9% vs estimates of 2.7%.  Additionally, the February trade deficit was larger than expected at $75.4B vs estimates $74B.  Later this morning the market will get data on February pending home sales and crude/gasoline inventories.  European shares are trading lower with technology shares underperforming.  Asian shares closed lower with technology shares leading the declines.

Continue reading
120 Hits

US Futures Are Advancing After Monday's Strong Rally

US Futures are advancing after Monday’s strong rally.  At 9am, the market will get info on home prices from January, followed by consumer confidence in March at 10am.  The market is expecting home prices to rise by 0.7% m/m and consumer confidence to rise slightly to 131 from 130.8 in February.  European shares are higher with technology and materials shares leading the gains.  Asian shares closed higher as trade tensions eased.  Chinese chipmakers lagged on reports that China may buy more semiconductors from the US.

Continue reading
134 Hits

US Futures Rally After Friday Pullback

US Futures rally after Friday pullback.  Futures are rising after reports of a Chinese concession to buy more US semiconductors and improve access to US firms in China to help reduce the trade gap.  European shares are mostly higher with health care stocks leading the gains.  Asian shares closed mixed as markets stabilize after Friday’s rout.

Continue reading
131 Hits

US Futures Have Pared Losses, Trading Near Morning Highs

US Futures have pared losses, trading near morning highs.  Last night the Senate passed a $1.3T spending bill to avoid another government shutdown.  The spending bill will fund the government through September and includes additional funding for the military, border security, infrastructure, opioid epidemic and gun background check spending.  In economic data, February preliminary durable goods were much stronger than expected.  At 10am, new home sales data from February will be released.  European shares are trading lower, but off the lows, with material stocks lagging.  Asian shares closed sharply lower after new tariffs spark additional trade war fears.

 

Continue reading
139 Hits

US Futures Are Trading Near The Morning Lows

US Futures are trading near the morning lows.  As expected, the Federal Reserve raised interest rates by 0.25% and upgraded the economic outlook.  When asked about dot plots and 3-4 hikes this years, Chairman Powell made it clear that dot plots are projections based on current information and are subject to change and the focus should be on the current action which was a move of 0.25%.  The 10 year Treasury rate rose yesterday on the news, but is retreating today as equities fall.  Weekly jobless claims rose 3k last week to 229k.  Later this morning the market will get flash PMI data from March.  European shares are significantly lower with technology shares underperforming.  Asian shares closed mixed with Japanese stocks outperforming.

Continue reading
145 Hits

US Futures Are Slightly Lower On Fed Day

US futures are slightly lower on Fed Day.  At 2pm the FOMC policy decision will be released, followed by Jerome Powell’s first post-meeting press conference at 2:30pm.  Markets will likely be focusing on the dot plots for indications of 4 rate hikes this year instead of 3.  Later this morning, February existing home sales will be released followed by crude and gasoline inventories from last week.  European shares are lower with materials stocks leading the declines and utility stocks outperforming.  Asian shares failed to hold on to gains, closing mostly lower.

Continue reading
155 Hits

US Futures Are Little Changed As The Two-Day Fed Meeting Begins

US Futures are little changed as the two-day Fed meeting begins.  With the Fed meeting announcement at 2 pm tomorrow, markets have already priced in a 0.25% rate hike, however, will be looking at the dot plot for projections on future rate hikes.  The market is currently pricing in three rate hikes for this year in March, June and September.  European shares are trading higher with financial stocks leading the gains and technology shares lagging.  Asian shares closed mixed, led lower by Japan’s Nikkei, logging the third straight day of losses.

 

Continue reading
148 Hits

US Futures Are Lower To Start The Week

US Futures are lower to start the week.  This week is light on economic data, but does include the March FOMC policy decision at 2pm on Wednesday.  The markets are expecting the Fed raise rates by 0.25% at Wednesday’s meeting.  Technology shares are leading the losses in the pre-market as concerns rise over increased regulation over big tech names.  European shares are lower with technology shares leading the losses.  Increased speculation of the ECB talking rate hikes has also spooked the markets.  Asian shares closed mixed, with Japanese shares underperforming.

Continue reading
138 Hits

MLP Ruling

In a surprise ruling, the Federal Energy Regulatory Commission overturned its long-standing policy to allow MLPs ability to recover a tax allowance in its rate base, which could lead to a reduction in tariffs and therefore distributable cash flow, which supports their high dividend payouts.  This primarily impacts natural gas interstate pipeline companies and it is estimated to reduce EBITDA by 1%-5% for those pipelines.  Our analysts are continuing to evaluate the impact of the ruling on the pipeline sector.  We would encourage you to contact United Asset if you have questions on this or any other matter.

 

 

Continue reading
189 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